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Mike Steib.
Courtesy of Artsy
Artsy CEO Mike Steib says the team steered the marketplace to record sales — a 150% yoy increase.
Steib sees this as just the start of the industry's digitization.
More people wanted to add art to their lives in 2020, and he says Artsy helped them discover it.
Artsy had a pretty good pandemic year.
In data shared with Insider, the online art marketplace revealed it saw e-commerce sales skyrocket 150% year-over-year via its buy now feature, as the in-person art world shut down and digital marketplaces began to soar. It's part of a broader pandemic pattern, as Insider has reported, of record-breaking activity for online auctions and sales of high-priced items such as jewelry and paintings.