ArtRank™ Posts
News and announcements from the art market’s pioneering analysts. Here’s what’s on our mind.
Verve: Is Technology Revolutionising the Art World?
"This doesn’t wholly mean that art and tech don’t make a good couple. Without the invention of portable paint tubes that enabled them to paint outdoors, impressionists would’ve been regular old weirdos staring wistfully at the world while passers-by shot them dirty looks. And think of Andy Warhol minus silkscreen printing. Technology has been endowing artists with new ways of expression for aeons. Today, artists are discovered on Instagram, their work reviewed on Twitter and predictions of the success of exhibitions are made with the help of high-resolution photographs emailed and viewed on tabs."
Read the whole story by Simone Louis at Verve Magazine
Rhizome: Algorithmic Models of Art's Future
"Institute for Southern Contemporary Art (ISCA) imagines a model for contemporary art that pushes certain probabilities toward logical, possible outcomes. ISCA... draws on the increased use of algorithmic analysis in the art market. Recently a roster of programs, like ArtRank and Art Advisor, have been developed for the sale of art. ISCA dials the quantification process back earlier in the process of an artwork’s life to its production. As the voice of the automated narrator intones in the video, ISCA is “a grand experiment, part think tank and part experimental program to promote new terms for art production."
Read the whole story by Lauren Cornell and watch the video by João Enxuto and Erica Love at Rhizome
Financial Internet Quarterly: Towards Data Oriented Analysis of the Art Market
"Due to an increasing usage of social media platforms among art collectors (ArtTactic, 2015), it also seems reasonable to include these sources of data in the art market research. Some of the presented methods consider evaluation conducted by experts with domain knowledge (art historians in this case). Machine learning techniques could be an inspiration for future research, especially taking into account ArtRank philosophy, en route to better understand processes which are shaping the market."
Read the whole paper by Dominik Filipiak and Agata Filipowska in Financial Internet Quarterly / eFinanse
The Art Newspaper: How to run a gallery: three threats you can’t ignore
"Many gallerists will dismiss the threat of online channels or social media actually replacing them as the main marketplace for art, but I would argue that the larger, long-term threat lies in online channels and social media’s ability to chip away at the authority gallerists have traditionally maintained via their exclusive hold on information, such as what art is available or what other collectors have paid for similar pieces. When collectors call the gallery asking about new work they saw in a studio shot on Instagram that the gallerist did not even know existed, that traditional authority begins to crumble. When sites like ArtRank can convince collectors they have a solid sense of where an artist lies in the market pecking order, they do not need to consult the dealers they used to turn to for such information. "
Read the whole story by Edward Winkleman at The Art Newspaper
press worth a quick mention...
"go against the quasi annoying lie of telling you to buy art you "love" as opposed to art with some market value." GQ 28 October 2016
"...provide advice to collectors hoping to speculate on the art market" Art in America 26 October 2016
"...rates artists according to categories that indicate their investment potential" artnet 16 October 2016
"I can’t predict if these artists will be considered eminences centuries from now, and I don’t write algorithms like ArtRank..." Goop September 2016
"Many of these [artists] became auction phenomena over the next few years, and ended up as staples of Art Rank." Artspace 16 March 2016
"...uses algorithms to analyze contemporary artists as stocks to be bought, held or sold." New York Times March 4 2016
"The art world has increasingly become something of a trendy stock market for the crème de la crème, who turn to platforms like ArtRank to literally quantify the creative labor of others into investment opportunities." Vice: Creators Projects 10 December 2015
"mirror[s] the influence of digitization" Institute of Network Cultures 10 December 2015
" There are art advisors who are hired for this, and there are also things like artrank.com and all these things that try to forecast which artist will perform well in a market and which won't..." Vice: Creators Project 5 December 2015
Dagens Naeringsliv 12 March 2015
"Don't collect with your ears" - Mr Porter March 2015
Taz 6 March 2015
- Art 2 March 2015
"Demonstrates the speed in which emerging artists rise and fall" - CounterPunch 20 February 2015
"How ArtRank became the most hated website in the art scene" - ArtInfo24 18 February 2015
"Removes art collecting from the pedestal" - Handelsblatt 10 February 2015
"Facilitates the entry of new buyers into the art market boom" - El Confidencial 7 February 2015
"Jim Cramer for the fine arts" - Forbes 2 February 2015
"Art Rank" - ArtNews 9 December 2014
Understanding value in the art world - an Oxford lecture 3 November 2014
"Artrank.com is this version of an art world perfected" - e-flux November 2014
"Heavily trending" - Evening Standard 17 October 2014
"Rocked the artworld with a radical proposal" - El Pais 2 September 2014
"Finance-savvy art strategy site" - Artsy 10 July 2014
"ArtRank’s clients get snappy, some might say brutal, investment advice" - Gulf News 27 June 2014
"May negatively influence art market" - ArtNet 24 June 2014
"Opportunist" LA Weekly 19 June 2014
"Art Dank (trill nuggs)" - Dis Magazine 13 June 2014
"Earthquake in the art market" - Calcalist 14 May 2014
"Offers powerful information to the art world" - La Tribune 25 April 2014
"ArtRank pierces through the insecurity and doubt to offer cold, hard facts." - Dazed Digital 10 April 2014
"That shit's important" - Animal NY 24 March 2014
"Fascinating and disturbing" - Zeitguide 21 March 2014
"Quantifies the emerging art market" - PSFK 17 March 2014
"The website is highly polarizing" - Business Insider 14 March 2014
"Saavy art investing tool" - Art Market Monitor 21 February 2014
"SellYouLater.com is your friend" - Complex 17 February 2014
"Anarchist art market predictors" - Artspace 13 February 2014
See also: Blackbook, Exhibition A, Art F City, Artforum