Takung Online

Takung Online is a new e-commerce platform that enables artists to promote and sell entire pieces of artwork directly to buyers. The platform allows consumers to easily set up accounts, browse, and receive information on recommended artworks, most of which cost less than $15,000. The platform allows the artist to establish and operate an online shop, similar to a gallery, and set the prices of their pieces. Beginning in early 2018, the artist will be responsible for any fees and commissions involved in listing and selling their artwork, which range from 1% to 10% of the listing value. Upon receipt and acceptance of the artwork by the buyer, the artist's account is credited through the Takung platform and the sales transaction is completed. Currently, Takung Online features over 80 artists offering 500 pieces of art. By the end of 2017, the platform is expected to feature 300 artists and also offer home décor items.