ARTBnk

Overview

ARTBnk sells automated fine art valuation to the institutions that lend against, insure, hold or advise on art, including banks, insurers, wealth managers, family offices and estates, alongside collectors and art advisers. Its Real Time Valuation engine combines image recognition and machine learning with a curated and normalized auction database, using thousands of data points per work and drawing on comparable sales and an artist's market performance over time to produce an instant fair market value rather than a commissioned appraisal. The company was founded in 2017 in New Hampshire on the argument that art valuation is subjective, inconsistent and opaque, and that applying models to the inaccurate data prevalent across the art market would be irresponsible, so the standardized database is treated as the foundation of the product rather than an input to it. It also publishes art market indices and financial performance measures, has moved from a consumer product to an enterprise offering aimed at financial institutions, and its valuation methodology was developed with the academics behind a widely followed fine art index.

Details

Educational listing only. CrackTheDeck does not endorse this product or promise investment results.

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