Mention the term ‘Artificial Intelligence’ (AI) and you’re bound to inspire a few familiar responses: the inquisitive raise of an eyebrow, light-hearted references to sci-fi films, perhaps a robot joke or two. Introduce the idea of AI in the context of art and reactions will likely turn more extreme. Are machines set to replace artists? How could AI match up…
The Art Market
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Blockchain, Bitcoin, Cryptocurrency… within a short space of time, these terms have risen to the forefront of discussions about the future of technology in business, finance, government and life. Their emergence has been met with wide-ranging reactions, from alarmist objections to fervent excitement. So what does this new digital technology mean for the art world? After some initial hype, the…
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In an auction at Sotheby’s New York on Tuesday that lasted a total of eight minutes, a Monet painting became the highest grossing Impressionist work ever, sold at a stunning $110.7 million USD. The painting is one of 25 pieces from Monet’s ‘Meules’ series completed in Giverny during the winter months of 1890 and 1891. The remaining paintings from the…
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Relatively unusual in recent years, buying art online is becoming more and more popular, to the point that pure players now surpass the growth of classical sales houses. Review on this trend reversal. Buying art online is becoming a commonplace, the percentage of buyers who have taken the plunge in the course of the year, increased from 63% to 65%…
