Key Takeaways
- Running the gamut from digital paintings, animations, digital sculpting, and photographs to illustrations, videos, iPhone sketches and more, anything produced on digital media can be deemed digital art.
- While all the rage in the last several years, digital art has been around for a while. As far back as the 1960s, tablets have been employed to communicate illustrations and instructions to computers.
- Just several years ago, the global art market reached $65 billion in aggregate sales, a 29% increase from the year before, according to the 2022 Global Art Market.
In the spotlight for about a decade now, digital art is increasingly popular. The Internet has certainly made the medium more easily accessible. But exactly what is digital art, and is it a good investment?
Those questions and more are answered below, in addition to how to invest in art and diversify one’s portfolio.
What is Digital Art?
In today’s world in which technology is front and center, nearly everything is digitalized. Most people use computers, often in the form of smartphones, to communicate and check mail, and send videos and photographs to each other via social media.
Art has also entered the digital space. Running the gamut from digital paintings, animations, digital sculpting, and photographs to illustrations, videos, iPhone sketches and more, anything produced on digital media can be deemed digital art.
In other words, digital art, once dubbed “computer art,” is art made using computers, software, or another electronic device. It is any artwork for which digital technology is a key part of the creative process.
While some artists exclusively use digital apps to paint, draw, model, and create work, others scan and edit their physical pieces utilizing computer programs. Some digital art is wholly computer generated, employing data and algorithms.
Applications and uses are endless, but digital art is often used in advertisem*nts and for graphic effects and animations in video games, films, etc.
In addition to being created, such art may be bought to enjoy, collected, or invested in. In particular, crypto art has permitted many digital artists to sell their works at prices once exclusive to traditional pieces.
Advantages of Digital Art
There are distinct benefits that come with digital art:
- Flexibility. For artists with imagination, creative skill and technical ability, there is no limit to what can be created.
- Accessibility. With digital art, storage and delivery are generally non issues, since it can be stored and sent digitally, all over the world. Also, there are digital accessibility measures, such as image alt text, that can foster wider audiences.
- Efficiency. With digital art, damage or mistakes can be fixed with a simple keystroke.
- Aesthetics. There are tools for what are unending aesthetic opportunities in 2D or 3D media.
- Enhancements. Technology is sometimes used to enhance traditional, physical artwork. For example, editing software can be used to make a color shade richer.
Is Digital Art ‘Real Art’?
This is somewhat controversial, since the final products are not physical items made with physical tools. However, digital art IS “real” art because it still essentially calls for the creative skills and techniques used in traditional art.
In fact, digital art requires the same amount of talent, skill, knowledge, originality, and effort as traditional artwork. The medium notwithstanding, each artist must still master their tools.
History of Digital Art
While all the rage in the last several years, digital art has been around for a while. As far back as the 1960s, tablets have been employed to communicate illustrations and instructions to computers. It was Ivan Sutherland’s Sketchpad app that made way for contemporary computer-aided design software.
Harold Cohen, who created the AARON computer art program to create illustrations using a robotic device, is another noted pioneer in digital drawing. These drawings, starting around 50 years ago, subsequently grew from abstracts to pieces that were more representational.
Adobe’s Illustrator, still in use today, was released in 1987, permitting Mac computer users to create curves and shapes utilizing mathematical control points.
Specific paint programs released during the 1980s lured a number of major artists including Andy Warhol, who sparked an uproar when he digitally modified an image of pop vocalist Debbie Harry.
Digital artists would enjoy even more creative freedom in the 1990s, as computer software became more advanced, adding layering and 3D functionality.
Examples of Digital Artists
There are some prominent examples of digital artistry. It was back in the 1970s when David Hockney, for instance, made the leap to digital paintings, citing the convenience and artistic capabilities of digital software. He used Paintbox software throughout the 1980s, and during the 2000s, created what became a well-known painting series on his iPad and iPhone.
Hockney’s “Yosemite Suite” (2010) is a series of iPhone paintings and drawings inspired by Yosemite National Park, with landscapes offering peeks at boulders, redwoods, streams, and valleys.
Then there is “Untitled Computer Drawing” (1982), a Harold Cohen computer program creation of abstract and sparse human-like forms. Cohen, in his day, created a host of innovative digital drawings.
There is also the famous “Untitled Computer Assisted Drawing” (1975) by Paul Brown, who created a series of computer-assisted dense patterns. In 1984, Brown founded the UK’s National Centre for Computer Aided Art and Design.
Aiste Stancikaite and Sara Lundy are other digital icons known for innovating digital techniques. In the last few years, there have also been digital “immersive” exhibits in which traditional works from artists such as Vincent Van Gogh are digitized, permitting a wider audience.
Who are Emerging Digital Artists?
Interest is only increasing in the medium, with new artists constantly emerging. Jasmine Liaw, for example, was a winner of the 2023 Emerging Digital Artists Award (EDAA). Liaw, who works in dance performance, experimental film, and new media, used bodies composed of 3D-rendered cultural objects in her winning work to tell the stories of her elders.
Another EDAA winner is Bomi Yook, a Korean-Canadian artist working in computer-generated immersive media, video performance, and experimental animation. She used experimental 3D animation in their “K-COSMOSIS” piece, along with procedurally generated particle systems, to invite viewers to view the world through osmosis to uncover profound connection and sharedness.
How to Invest in Art
Just two years ago, the global art market reached $65 billion in aggregate sales, a 29% increase from the year before, according to the 2022 Global Art Market. And it is no wonder: as an asset, art value is not linked to stock market performance, so artwork can offer stability during times of inflation or other volatility.
Investors looking to add art to their portfolio these days have more options than ever, including through non-fungible tokens as well as Yieldstreet, which to date hashad nearly $4 billion invested on itsprivate-marketalternative platform.
Among its curated and highly vetted opportunities – which include asset classes such as transportation, private credit, and real estate – areartequityfundsthat offer fractional ownership with minimum buy-ins as low as $10,000.
In addition to the possibility of steady returns, investing in art can also help mitigate overall portfolio risk through diversification, which is essential to long-term successful investing.Alternative investments can be a good way to help accomplish this.
