Would you buy fine art from Amazon?
Amazon will charge art houses a $100 monthly membership fee, which will be waived for early adopters through 2015, and take a 5% to 20% percent cut in commission, depending on the price of the piece, according to WSJ.
PHOTOS: Arts and culture by The Times
The e-tailer, which recently started selling wine and upscale apparel, has been trying to attract a more high-end clientele. The international art market, which last year reached about $60 billion in sales, seems to be attracting more online buyers.
An analysis from Hiscox, which insures art at galleries, museums and auction houses, found that 64% of collectors surveyed bought art via the Web. And online art sales are estimated to grow from $870 million in 2012 to $2.1 billion by 2017, according to the report.
Yahoo and EBay also made several attempts at fine art sales with little success.