At 1stdibs, we believe the internet will reinvent every industry. We’ve seen this with Netflix and the traditional movie rental market, Uber and the standard yellow taxi, and Amazon and the conventional bookstore (and more). Building on this premise, 1stdibs is seeing that today’s designers are confident purchasing high price-point items online: priced $5,000 and above. In fact, in 2018, the design community purchased more than $80 Million worth of product from 1stdibs.
This presentation outlines what has contributed to that growth--including 1stdibs’ recent inclusion of the contemporary furniture market, and securing unique new & custom pieces from the mastercraftsmen of tomorrow--as well as predictions for the future: globalization of demand, democratization of design, and commoditization of design.