News and outlook:
In October 2024, Artprice by
Artmarket has reached a new milestone with
its Intuitive Artmarket® AI and its positive impact on
annual recurring revenue growth.
PARIS, Nov. 14,
2024 /PRNewswire/ -- In mid-October
2024, Artprice by Artmarket began providing data trained by
its proprietary artificial intelligence (Intuitive Artmarket®) to
its high-end subscribers.
Rather than imposing on its 9.3 million customers and members a
radical transformation of its databases, which have been the
reference in the art world for 27 years, Artprice by Artmarket has
judiciously decided to gradually inject proprietary data from its
AI into its Artprice databases, without it being specified
initially.
This approach allows us to see the reaction of the Artprice
customers who were given access to this highly enriched data.
Very quickly, Artprice saw that its Premium subscription
containing its AI -enriched data (thanks to its Intuitive
Artmarket®) became its annual subscription of choice, with its
high-end annual subscriptions ranging from €439 to €769.
Likewise, Artprice noted a significant increase in Average
Connection Time (ACT) of its single customer sessions.
Via an educational approach and its expertise in algorithms,
deep learning, big-data analysis and its Intuitive Artmarket® AI,
Artprice has seen significant growth in turnover as of mid-October
as more customers chose the Premium subscriptions. On the other
hand the customers showed a strong interest in new data,
where the relevance and the richness of these data present a great
wealth of information and images never seen before in the art
world.
Inspired by Marcel Duchamp and
Henri Poincaré work on the infrathin/inframince, Artprice has
adopted a highly singular and scientific approach to its Intuitive
Artmarket® AI. Artprice is calling this approach Blind
Spot AI®.
Artprice's approach to AI is to avoid fuzzy set theory (aka
'fuzzy logic'), by using a method based on 'degrees of truth'
rather than on the usual system based on 1 or 0 Boolean logic. This
method searches in Boolean logic, but then delves into 'related'
but nonetheless relevant connected elements.
Artprice has developed a unique approach to its Intuitive
Artmarket® AI that it calls Blind Spot AI®. This
revolutionary AI concept created by Artprice, seeks to capture the
blind spots between structured data.
In art historical terms, an interesting analogy could be made
with the notion of 'infrathin', an aesthetic and semi-scientific
concept theorized by Marcel Duchamp,
designating an imperceptible difference or interval – sometimes
only imaginable, but nonetheless real – between two identified
phenomena.
Duchamp's theory was inspired by the famous mathematician Henri
Poincaré whose book "Science and Hypothesis" is a work on
the importance of models in science. It is also possible that this
work inspired Einstein in his founding article on the theory of
special relativity, published in 1905.
For the world's major database publishers, there is no room for
error, and the relationship of trust established with
customer-users cannot tolerate approximate or erroneous data.
Artprice is demonstrating that it is possible to deliver
unexplored data with its proprietary AI and its 'Blind Spot AI
®' method without undermining the trust capital that has been
built up over 27 years and is based on the provision of
incontestable, reliable, exhaustive and long-lasting data. This
data is of course essential to Artprice clients who are art
experts/valuers, auctioneers/auction houses, art dealers,
gallerists, institutions, museums, insurance companies, private
bankers, financial services providers, asset managers and of course
art collectors.
This loyal and recurring Artprice clientele cannot tolerate the
slightest error, in part, because of the financial stakes involved
in artworks that can very quickly reach considerable pecuniary
values.
In its October 2024 beta test,
Artprice by Artmarket brought back evidence that, having stabilized
the "alignment problem" - which is essential to the successful
genesis and subsequent construction of its Intuitive Artmarket® AI
- the high value-added data produced by its Intuitive Artmarket® AI
respects the ethics, values, expectations and human sensibilities
specific to the Artprice by Artmarket group, its customers and the
intangible, multi-centenary rules of the Art Market.
Artprice by Artmarket has been gradually stabilizing the
question of 'alignment' for almost 20 years. This work has
been essential for the successful genesis and construction, of our
Intuitive Artmarket® AI.
What Makes the Best AI Search Engine?
Traditional search engines rely on algorithms that combine
things like keyword relevance, how often a page is referenced on
other websites, content quality, degree of user interaction with
the page, and page loading speed. During a search, the search
engine gives the answer that it considers the most useful and
relevant. Unfortunately, searches are increasingly encumbered by
sponsored links, making searches more and more tedious on
traditional search engines.
An AI search engine goes much further. It still uses this basic
system, but instead of showing a list of pages, it answers the
question itself in natural language. It passes the information it
collects to the AI model it uses, which then summarizes it in a few
highly relevant paragraphs, usually citing its sources to respect
intellectual property. AI's ability to understand natural language
means it can interpret questions very well, even without the use of
certain keywords.
For the user, from a 'user-experience' (UX Design) perspective,
the classic search process (without AI) remains the same for the
first half of the process. The search query must always be entered
in an empty input bar, except that the search engine tries to
produce an answer, with different ranks. If the proposals are not
satisfactory, you simply scroll down the page and continue to visit
certain links proposed. In some cases, the user ends up with an
impressive number of tabs and must select different data to arrive
at a summary. This type of search is extremely time-consuming and
inefficient.
Artprice by Artmarket has tested different AI search engines
with the aim of improving traditional searches. Various studies
around the world have revealed, among AI experts, an almost
unanimous consensus designating Perplexity.ai as the best AI
search engine to date.
Jensen Huang, CEO of NVIDIA, world leader in computing and
artificial intelligence, says that he uses Perplexity.ai on a daily
basis.
Perplexity is a search engine designed entirely with AI. It
replaces conventional URL links with a Chabot-type interface and
allows you to interact with search results. Many AI specialists
have confirmed that they use Perplexity.ai as their first choice
because of the quality of its responses.
During a query, a text box allows you to ask an additional
question under the generated answer. There is no longer any need to
repeat the details entered initially: as Perplexity remembers the
context, you simply need to ask it another question on the
subject.
Another handy feature of Perplexity's conversational layout is
that it can browse previous search threads and even save
collections of pages (for the purpose of organizing your searches)
with bookmarks.
In its extensive study of Perplexity, Artprice by Artmarket
finds that its strengths are a combination of trust signals from
Google, Bing and its internal bots that crawl the Internet.
Perplexity uses them to determine which sources are the most
reliable. Perplexity undoubtedly obtains much more accurate data
than other AI search engines. According to Artprice, Perplexity
goes well beyond simple structured searches. It uses cutting-edge
language models like GPT-4 (Open AI), Omni, and Claude 3 to
understand the context and nuances of queries.
Furthermore, during Artprice by Artmarket's in-depth tests,
Perplexity's generative AI algorithms never delivered fictitious,
erroneous or obsolete information.
Artprice by Artmarket asked the question: what is the best
database on the Art Market? Here's an excerpt from Perplexity.ai's
9-page response:
"Artprice is widely considered the reference database for the
global art market.
Here are the main reasons that make it an essential
tool:
Comprehensive coverage
Artprice offers an extremely
comprehensive database, including:
30 million auction
results
Information on more than 700,000
artists
Data covering 70 countries
A history dating back to the 17th century
This
exceptional coverage makes it the most comprehensive source of
information on the art market.
International
recognition
A study carried out in 2024 among art market
professionals revealed that Artprice was cited first by 86% of
those involved as their reference database. This demonstrates its
dominant position and notoriety in the sector.
Advanced Features
Beyond simple sales results,
Artprice offers numerous analysis tools:
Price indices and evolution of the value
of artists
Rankings and market
barometers
Access to more than 36,000 artist signatures
and monograms
Technological innovation
Artprice constantly invests in innovation, particularly with
the development of its proprietary artificial intelligence,
Intuitive Artmarket®. This makes it possible to analyze market
trends and anticipate price fluctuations."...
Perplexity.ai's 9-page Q&A on Artprice details all of
Artprice's products, services and R&D, where all of the most
sensitive and complex information, including on its proprietary
Intuitive Artmarket® AI, proved to be extremely accurate with 100%
truthful and up-to-date information.
Consult the 9 pages of Perplexity.ai's presentation of Artprice
by Artmarket in PDF mode, as certified by a judicial officer
(huissier de justice), Maître Pons (10 pages):
https://ftp1.serveur.com/perplexity_quelle_est_la_meilleure_base_de_donnees_sur_le_marche_de_l_art_constat_huissier.pdf
View them in Mp4 video mode:
https://ftp1.serveur.com/perplexity_quelle_est_la_meilleure_base_de_donnees_sur_le_marche_de_l_art.mp4
This shows that Artprice by Artmarket is not only recognized as
the world leader in art market databases, but also as the reference
proprietary AI in the very demanding field of art market data.
Does the future of search engines necessarily mean the
planned obsolescence of traditional search engines?
According to Gartner Inc., in its report Predicts 2024:
How GenAI Will Reshape Tech Marketing, GenAI (generative
AI) is profoundly changing the search habits of both Internet users
and businesses.
The famous consulting firm has estimated that the impact is
indeed impressive, to the point of reducing traffic on current
internet search engines by 25 to 30% by 2026.
Several high quality studies even predict a drop in traffic of
40 to 50% as of mid-2025, to the point of jeopardizing the
interests, economic logic and activity of all companies whose
strategy is based on SEO (Search Engine Optimization).
Today, nearly 90% of Alphabet's (Google's parent company)
revenue comes from advertising revenue, itself mainly generated by
the search engine's audience...
The big search engines must reinvent themselves to avoid
disappearing. After Microsoft with Bing Search and its AI, Google
has had to evolve Google Search by introducing its SGE experience
(Search Generative Experience) boosted with GenAI.
In addition, new players are emerging, whose search experience
is entirely focused on the potential of generative AI, like
Perplexity.ai, which is, to date, undoubtedly the benchmark
in terms of AI search engines.
Government regulations around the world are already holding
companies accountable for intellectual property as they begin to
require identification of AI-created editorial content. This will
undoubtedly play a major role in how search engines present this
digital content.
Artprice by Artmarket has already integrated the various
regulations into its R&D, its services and products, including
its proprietary AI Intuitive Artmarket®. These regulations are:
REGULATION (EU) 2024/1689 OF THE EUROPEAN PARLIAMENT AND OF THE
COUNCIL of 13 June 2024 establishing
harmonized rules on artificial intelligence and amending
Regulations (EC) No 300/2008, (EU) No 167/2013, (EU) no 168/2013,
(EU) 2018/858, (EU) 2018/1139 and (EU) 2019/2144 and Directives
2014/90/EU, (EU) 2016/797 and (EU) 2020/1828 (Regulation on
'artificial intelligence')
How Artprice by Artmarket is already omnipresent on AI search
engines thanks to its R&D and SGE experience (Search Generative
Experience)
Using its databases, its Intuitive Artmarket® AI and its SEO
department, Artprice by Artmarket's Research & Development is
currently producing a new proprietary SGE (Search Generative
Experience) process in order to create semantic and a generative
syntax consisting of a base that provides the deep structures.
This is a real challenge for large groups who have built their
business exclusively on the Internet and who do not have the
extremely complex expertise of SGE and Artificial Intelligence.
Inevitably, they will see their turnover plunge from 2025 and the
purchase of advertising spaces or sponsored links will not make up
for the shortfall, and may possibly deteriorate their
situation.
Artprice's new proprietary SGE process allows for an optimal
presence including, for each AI search engine, a complete tree
structure that can handle potentially infinite question &
answer dialogues in entirely natural language.
Today's reference SE, Perplexity.ai, provides a striking
example. Artprice by Artmarket already works contractually with AI
search engines that will provide access to Artprice's remastered
databases through its Intuitive Artmarket® AI, resulting in
its omnipresence on the art market. While respecting the
application in 2025 of the AI Act (or RIA European regulation J.O.
July 12, 2024 on AI), Artprice
predicts a spectacular acceleration of its future Intuitive
Artmarket® subscriptions at €990/year (€82.50/month), with
additional options planned as the tool evolves.
Drawing on the experience of its parent company Serveur Group
(an Internet pioneer since 1987), Artprice by Artmarket.com has
over the decades developed thousands of increasingly powerful and
relevant proprietary algorithms with more than 180 vector
meta-databases that allow the implementation of its own artificial
intelligence in strict compliance with various legislative
frameworks, notably those relating to personal data and
intellectual property.
The three cornerstones of Artificial Intelligence are data,
computing power and algorithms. The more massive and high-quality
the data is (standardized Big Data), the more 'intelligent' become
the models it is used to train, which is exactly our 'DNA' –
because Artprice by Artmarket masters both the computer science of
programming and the computer science of induction which defines our
proprietary algorithmic AI, Intuitive Artmarket®.
In addition, Artprice by Artmarket has twice consecutively
obtained the state label "Innovative Company" awarded by
France's Public Investment Bank
(BPI), and is pursuing its ambitions in this direction.
For information, ChatGPT, which is to date the world reference
in Artificial Intelligence, devotes a significant amount of
information to Intuitive Artmarket® which it considers to be
the reference in artificial intelligence on the art market in terms
of innovation, algorithms, predictive analysis and relevance. This
information regarding our Intuitive Artmarket® is of course
highly significant in the AI world. The same goes for
Gemini.google.com (Google Bard) as well as around ten other AIs
(You.com, Phind, etc.) which also confirm Artprice by Artmarket as
essential.
The development of our Intuitive Artmarket® was only
possible through the targeted acquisition by Groupe Serveur (then
by Artprice) of innovative companies such as Xylogic, a Swiss
company made up exclusively of prestigious scientists (from CERN,
WHO...) back in 1999, who were considerably ahead of their time and
were already heralding the solid beginnings and fundamentals of
Artificial Intelligence (see Artmarket.com reference document).
In the intimate world of major global professional database
publishers, it is vital for the long-term development of our
industry that we integrate proprietary AI into our core businesses,
which is why Artprice by Armarket has acquired a substantial head
start in this domain since 1999 and made 2025/2027 the key period
for the commercial launch of subscriptions for its Intuitive
Artmarket®.
How is the explosion of artificial intelligence disrupting
today's world and particularly the art market? How to measure
it?
thierry Ehrmann Founder of Artprice and CEO of Artmarket:
"We live in a world where computing power doubles every six
months. The traditional law of Gordon
Moore, founder of Intel (which said that the number of
transistors on a chip doubled every eighteen months at the same
price) has been overtaken by a new scale. From now on, the
acceleration of generative AI could be measured by a formula that I
call "token per Euro and per watt", that is to say a new
unit of measurement corresponding to the way in which AI processes
a request for information taking into account each euro spent and
each watt actually consumed.
With humility, we should not forget that the human brain's
capacity for language processing is starting to be well imitated by
AI, although that for mathematics and geometry remains largely
misunderstood. But overall, from a scientific perspective, seen as
an integrated circuit, the human brain remains to this day
inimitable. Even if we are beginning to understand its algorithms
and reproduce them in very high capacity servers with several
hundred billion parameters, we still cannot reproduce its capacity
with the same energy efficiency. Where the human brain weighs 1.4kg
and operates with only 30 watts, the AI giants in the USA are racing towards nuclear power plants
and gigantic hydro-electric power plants... Indeed, Microsoft is
relaunching the Three Mile Island nuclear power plant in the state
of Pennsylvania in the
USA. Meanwhile, the human brain,
with its capacity for imagination and creativity, remains
unbeatable by my formula of AI measurement, the "token per Euro and
per watt".
Future events: Intuitive Artmarket® AI –
evolution and development
As discussed in previous press releases, during the first half
of 2024, Artprice by Artmarket's AI department was very attentive
to the phenomenon known as "grokking", used in particular by Open
AI engineers. Artprice has noted that the type of algorithm which
serves as the basis for its Intuitive Artmarket® model seems
to obey the same logic, namely that if deep learning is extended
over a long period of time, without modifying the algorithms, we
observe an excellent response rate but it seems to stagnate at a
logarithmic rate.
However by persisting over tens of thousands of sessions, we
observed at a particular moment that the quality of the results
increases spectacularly. The term 'grokking' comes from the famous
science fiction novel by Robert
Heinlein "Stranger in a Strange Land" published in
1961. It refers to the fact of intuitive understanding, and
therefore is similar in meaning to 'guessing', 'getting it', or
just 'understanding'.
For Artprice, this concept can be brought closer to critical
phenomena in statistical physics when there are phase transitions.
The state of matter physically changes depending on the variable.
For example, in physical systems like gasses or liquids, there are
variables like pressure, temperature and/or volume.
It is up to you to search the Intuitive Artmarket®
language models for these relevant variables to make this
transition. Knowledge of these variables can prove formidable in
terms of relevance with economical control of the necessary
computing power, however impressive it may be.
So, with its Intuitive Artmarket® AI, Artprice will
augment its art market research and results tenfold over the coming
years to an unprecedented level for its clients and members, and
will offer new services and products that will generate more
sophisticated subscriptions with an increase in annual recurring
revenue (ARR).
According to the French business services platform Les
Échos/Solutions (quoting DOMO Inc.), in the services sector, an
important index that makes it possible to score the ability of a
company to integrate AI into its processes is the processing of
data per second per employee.
The average is a generation of 1.7MB of data/second.
After an IT audit of Mazars, Artprice by Artmarket was able to
see for itself that each of its employees generates 35MB/second, or
21 times more than the European average, which is perfectly
consistent with Artprice's core business as a major global
publisher of professional databases and proprietary algorithms and
World Leader in Art Market Information.
In sum, while Intuitive Artmarket® AI may seem like a
'cultural revolution' with a new set of terms and language
elements, the AI processes and tools that underlie its functioning
were already being used at the core of Artprice by Artmarket's
systems. Today, via new semantics, Artprice's clients and partners
are discovering the unexplored riches of Artprice, namely data of a
magnitude they could not have imagined, and data that is perfectly
aligned with their needs.
It should also be noted that investors are looking for serious
projects with a solid background in Artificial Intelligence on both
sides of the Atlantic.
Our algorithms harness billions of anonymised proprietary logs,
text data, and tens of millions of artworks from Artprice's
databases to identify new semantics encapsulating an artist's
primary approach, his/her universe, inspirations, mediums, themes,
forms, volumes, etc.
This invaluable data forms a synergy, enriching the
understanding of over 845,000 referenced artists with their
certified biographies and data. It goes beyond conventional visual
criteria thanks to the neural networks of the Intuitive
Artmarket® AI.
Intuitive Artmarket® can already calculate the values of
artworks based on an analysis of traceability and past
auction results over time, a pricing technique that was already
specific to Artprice.
But it can now also anticipate future fluctuations, including
for totally unique works, which in turn means that it can identify
highly complex transversal artistic trends which largely escape
academics, curators and dealers.
Intuitive Artmarket® AI algorithms can help art
galleries and auction houses set optimal prices for artworks based
on various factors such as demand, rarity, and public awareness of
the artist. In short, Intuitive Artmarket® AI has the
potential to revolutionize the art market by improving access to
information, personalizing the buyer experience, reducing the
counterfeit risk and opening up new creative perspectives.
Our Intuitive Artmarket® AI draws exclusively on an
almost infinite range of proprietary content that enjoys
intellectual property protection. This fact alone avoids a large
number of obstacles and potential prohibitions because it means we
have no need to look elsewhere for data and/or responses to very
specific requests from users.
Our proprietary AI is therefore not just a guarantee of our
economic sustainability; it will generate a considerable long-term
increase in revenue for Artprice by Artmarket.com through high
added-value subscriptions.
Over the last two decades Artprice has recorded, observed and
induced hundreds of millions of human decisions in relation to the
art market. This market is of course infinitely complex due to the
heterogeneous and singular nature of art on the one hand, and the
abstract notion of beauty at the limits of human emotion on the
other.
Algorithmic learning has allowed Artprice to create a unique
art-market specific AI model that will constitute Artprice by
Artmarket's 2024/2029 growth driver.
95% of the S&P 500 groups are planning to base their future
growth on Artificial Intelligence.
According to the best Anglo-Saxon financial analysts, who
are one step ahead of Europe on
this subject, the only economically viable model – i.e. one that
does not expose the economic entity (whatever its size) to
incessant legal proceedings – is an AI focused on an extremely
well-defined economic segment.
The economic sector must have information which plays an
absolutely vital role, full intellectual property of all the Big
Data (including Data Mining) of the copyrights and related rights
confirmed on all algorithms, databases, with machine learning (deep
learning) and neural networks.
In short, the AIs that will triumph with very substantial
economic gain and without major industrial or legal risk are the
economic entities which own, in full intellectual property, all of
the different stages of the proprietary AI in a defined market
segment where expensive high value-added information plays a vital
role. And this is exactly the case of our Intuitive
Artmarket® AI developed by Artprice by Artmarket.com, World
Leader in Art Market Information.
Artprice's Intuitive Artmarket® AI is entirely in line
with this postulate.
Having added Ethereum and Bitcoin in 2022 to its
multi-currency Artprice databases (in response to customer demand
and in preparation for its near future in Web 3.0), Artprice will
benefit from the rise of BTC and of ETH in 2024.
Since its creation in 1997, Artprice by Artmarket has always
predicted trends and paradigm shifts in the art market. It has
often preceded them, announcing well before everyone else that
the secondary art market would move towards online sales.
With cryptocurrencies, Art NFTs and the Metaverse, new
collectors and art enthusiasts, often younger than their
predecessors, have joined the market. There are now more than 450
million potential buyers of Art NFTs on five continents. Fond of
speculation and not averse to risk, these art enthusiasts and
collectors are extremely attached to their Web 3.0.
crypto-universe.
New clients for Artmarket.com, whose services they have
frequently requested, it was this community that prompted us to add
ETH and BTC to the currencies that Artprice databases use to quote
auction prices.
This huge global community could not understand that Artprice
data banks only quoted prices in the main currencies of the world
without the two main cryptocurrencies ETH and BTC (which account
for more than 91% of the value of the roughly 25,700 known
cryptocurrencies, excluding stablecoins).
Artprice by Artmarket's IT, econometric and marketing teams have
therefore mobilized at breakneck speed on this ambitious project in
order to 'capture' the 450 million potential buyers of art
NFTs.
After studying the question at great length and then committing
to a huge volume of work, Artmarket.com has once again taken a
significant step, by offering, as of today, 8,828,384 auction
results for artworks quoted in Bitcoin, going back to 1 February 2011 (with 1 Bitcoin at $0.7, £0.434031 and €0.50707), and, then
5,814,866 auction results in Ethereum, starting on 7 August 2015 (with 1 Ethereum at $3, £1.93626 and €2.735523).
Naturally, these tens of millions of calculations were made
using the values of the cryptocurrencies on the day of each sale,
with the historical indexing performed by Artmarket.com's extremely
powerful computing facilities.
And today, in November 2024, among
the 11 international currencies managed by Artprice, the most
searched currency on its databases, after the Dollar and the Euro,
is Bitcoin, with the Pound Sterling being relegated to fourth
place.
Two years after Artprice's bold decision and its titanic project
to introduce the main cryptocurrencies into all its databases,
David Wagner's article in
Investing.com on 12 November 2024
salutes the wisdom of this choice.
https://fr.investing.com/news/cryptocurrency-news/la-capitalisation-des-cryptos-depasse-le-pib-de-la-france-le-btc-surpasse-largent-2640980
"The capitalization of the cryptocurrency market reached a
new historic record of $3,120 billion
on Monday, more than France's
GDP!
Bitcoin's record at nearly $90,000 has a lot to do with it, the first
cryptocurrency to have reached a capitalization of $1,750 billion, or around 60% of the total
digital asset market.
Recall that the last time the total cryptocurrency market
capitalization reached $3 trillion
was on November 15, 2021, shortly
after bitcoin hit its previous all-time high of $69,000 in the bull market of 2020-2021.
The market cap of the crypto market is now greater than that
of giants such as NVIDIA (NASDAQ:NVDA), Apple (NASDAQ:AAPL) or
Microsoft (NASDAQ:MSFT), and has already surpassed that of Amazon
(NASDAQ:AMZN) and of Alphabet (NASDAQ:GOOGL).
Bitcoin has also become the 8th most important asset in the
world, overtaking Silver, and following behind Saudi Aramco
(TADAWUL:2222). For comparison, we note that Ethereum, the second
largest cryptocurrency in the world, is only the 28th largest asset
in the world by capitalization, ahead of Procter & Gamble,
Johnson & Johnson, and Bank of America (NYSE :BAC). »
Copyright 1987-2024 thierry Ehrmann
www.artprice.com - www.artmarket.com
Artprice's econometrics department can answer all your questions
relating to personalized statistics and analyses:
econometrics@artprice.com
Find out more about our services with the artist in a free
demonstration: https://artprice.com/demo
Our services: https://artprice.com/subscription
About Artmarket.com:
Artmarket.com is listed on Eurolist by Euronext Paris. The
latest TPI analysis includes more than 18,000 individual
shareholders excluding foreign shareholders, companies, banks,
FCPs, UCITS: Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
Watch a video about Artmarket.com and its Artprice department:
https://artprice.com/video
Artmarket and its Artprice department were founded in 1997 by
thierry Ehrmann, the company's CEO. They are controlled by Groupe
Serveur (created in 1987). cf. the certified biography from
Who's Who In France©:
https://imgpublic.artprice.com/img/wp/sites/11/2024/02/2024_Biographie_thierry_Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other
structures, its Artprice department, world leader in the
accumulation, management and exploitation of historical and current
art market information (the original documentary archives, codex
manuscripts, annotated books and auction catalogs acquired over the
years) in databanks containing over 30 million indices and auction
results, covering more than 855,800 artists.
Artprice Images® allows unlimited access to the largest art
market image bank in the world with no less than 181 million
digital images of photographs or engraved reproductions of artworks
from 1700 to the present day, commented by our art historians.
Artmarket, with its Artprice department, constantly enriches its
databases from 7,200 auction houses and continuously publishes art
market trends for the main agencies and press titles in the world
in 119 countries and 9 languages.
https://www.prnewswire.com/news-releases/artmarketcom-artprice-and-cision-extend-their-alliance-to-119-countries-to-become-the-worlds-leading-press-agency-dedicated-to-the-art-market-nfts-and-the-metaverse-301431845.html
Artmarket.com makes available to its 9.3 million members
(members log in) the advertisements posted by its Members, who now
constitute the first global Standardized Marketplace® for buying
and selling artworks at fixed or auction prices (auctions regulated
by paragraphs 2 and 3 of Article L321.3 of France's Commercial Code).
There is now a future for the Art Market with Artprice's
Intuitive Artmarket® AI.
Artmarket, with its Artprice department, has twice been awarded
the State label "Innovative Company" by the French Public
Investment Bank (BPI), which has supported the company in its
project to consolidate its position as a global player in the art
market.
Artprice by Artmarket publishes its 2024 Contemporary Art
Market
Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2024
See our 2023 Global Art Market Annual Report, published in
March 2024 by Artprice by Artmarket:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
Summary of Artmarket press releases with its Artprice
department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real-time with Artmarket and
its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (more than 6.5 million
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