The Bigger Market Is Often People Who Do Not Yet Feel Included
The conversation reframes Artsy's opportunity from competing for established collectors to helping interested newcomers become collectors. Taylor argues that people with interest and purchasing power are more promising than experienced buyers who are firmly attached to old habits.
- Distinguish established buyers from interested non-buyers
- Look beyond the conventional definition of the category
- Prioritize audiences with intent but unresolved friction
- Avoid overspending to convert customers entrenched in another method
“Only two percent of millionaires buy art.”
“The bigger opportunity are the everyday people that have the funds to actually buy art and to also introduce that art collecting is for everybody”