Artmarket.com: Here's why the art market, via the NFT revolution, will enjoy exponential growth with Artprice - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

Artmarket.com: Here's why the art market, via the NFT revolution, will enjoy exponential growth with Artprice

PublisherPublisher
PR Newswire

Tue, Dec 07, 2021

Banner

Aliens TLDR

Artmarket.com Dec 07, 2021, 01:00 ET PARIS, Dec. 7, 2021 /PRNewswire/ -- For 25 years now, Artprice by Artmarket – world leader in art market information – has been studying, analyzing and researching the structure of the art market from every possible angle.

According to thierry Ehrmann, founder and CEO of the group, 'Over the past five years, Artprice by Artmarket has literally second guessed the impact of NFTs on the art market by adding blockchain to its core database business and digitizing its historical art market standardization work.

This ambition is based on the logic and reasoning explained below, which, on the one hand involves a specific and unique approach to Blockchain and NFTs, and on the other, relies on a historical, sociological and economic analysis of the art market.

Today, Artmarket.com's eco-responsibly designed DAO brings together the immutable and transparent rules governing the art market (one of the oldest market's in the world) with total impartiality.

Artprice – world leader in art market information – has been the sole author of its databases for 25 years.

As a direct consequence of its reliability and its undisputed reputation in the art market, Artprice has the full capacity and is perfectly positioned to play the role of oracle (source of reliable information that allows the integration of variables from the real world into smart contracts) in Artmarket.com's blockchain.

There is no doubt that Opensea and Rarible, to name but two, are among the NFT platforms that would immediately benefit from an industrial collaboration with Artmarket.com, the latter providing an indisputable, unavoidable and global art market reference going back a quarter of a century.

Artmarket.com will study each proposal, joint venture, capital participation, merger and/or acquisition and will give its approval if the proposals make good industrial sense and perpetuate its principal ethic: the promotion of art market information and transparency.

Historical, sociological and economic analysis of the art market The following synthesis by Artmarket.com is based on the study of thousands of articles and reports, and hundreds of interviews, meetings and conferences on the world of cryptology, cryptocurrencies, blockchain, NFTs and the metaverse.

Thanks largely to the greater transparency and the greater ease of access to information – to which Artprice has been the main contributor in the world for 25 years – it has been made possible to observe that the art market experienced an overall turnover growth of +2700% between 2000 and 2020.

The principal question Artprice has been studying and following closely is the impact of NFTs on the art market.

Each of its annual reports devotes a large chapter to NFTs, such as its latest Contemporary Art Market Annual Report published in October 2021: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021 At the Beginning of 2022, Artmarket.com will publish a comprehensive report on NFTs and their impact on the art market.

Indeed, the NFT revolution, which undermines all the barriers inherent to the mores, customs and standards of the traditional art market, is now clearly approved by a broad consensus of users, collectors and creators, and notably, by whole communities of artists themselves.

According to our cross-checked calculations based on a large range of criteria and considerations, this radical transformation of the art market is likely to grow the population of art collectors from approximately 120 million today (with an average age of 54) to more than 900 million buyers of NFTs (and who knows what other artistic formats...) with a much younger and much more varied sociological profile.

Through its expertise in the art market, Artprice by Artmarket has the ability to 'bring out' thousands of communities of artists (with known market prices) originating from recent trends like Street Art (whose visual works seems to have been born for NFTs) among others, or even more fringe trends like performance art, which has been always excluded from the mass market.

With Artmarket.com smart contracts, the artist or his/her beneficiaries and Artmarket.com will receive recurring income from the NFT artwork, from its primary issue to its various transactions on the secondary market.

What Artmarket.com brings to the NFT market is its guarantee as world leader in art market information along with its expertise, its extreme technological discipline and the strict terms in the metadata of its smart contracts, thereby creating the necessary conditions for the success of this new revolution in the art market.

Artists are the central core on which the whole art market is based and they will now apprehend the future of the art market, and their own futures, from a very positive angle within the Artmarket.com universe, which will progressively transform into a metaverse.

See certified biography in Who's who ©: Biographie_thierry_Ehrmann_2022_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 in databanks containing over 30 million indices and auction results, covering more than 770,000 artists.

Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world's leading Fine Art NFT platform.

Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 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 accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications).

Artmarket with its Artprice department, has been awarded the State label "Innovative Company" by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.

Artprice's 2020/21 Contemporary Art Market Report by Artmarket.com: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021 Artprice by Artmarket's 2020 Global Art Market Report published in March 2021: https://www.artprice.com/artprice-reports/the-art-market-in-2020 Index of press releases posted by Artmarket with its Artprice department: serveur.serveur.com/Press_Release/pressreleaseEN.htm Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter: www.facebook.com/artpricedotcom/ (over 5,4 million followers) twitter.com/artmarketdotcom twitter.com/artpricedotcom Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum "The Abode of Chaos" (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013 L'Obs - The Museum of the Future: https://youtu.be/29LXBPJrs-o www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (4.4 million followers) https://vimeo.com/124643720 Contact Artmarket.com and its Artprice department - Contact: Thierry Ehrmann, [email protected] SOURCE Artmarket.com

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Why Emerging Markets Are Leading the Charge on CBDCs

Emerging markets are at the forefront of the CBDCs because these economies have a unique need for the technology, industry participants say.
Blockworks
·

1h

Markets

Recommended Stories

Article

Cryptocurrencies Are Missing Out as Stocks Rally

Article

XRP: How Ripple’s IPO speculation is triggering whale activity on the chain

Article

What's next for FTX’s proposal for crypto derivatives trading in the US?

Article

ARK and 21Shares make another attempt at a bitcoin etf approval

Article

Fed's Brainard says recent crypto 'turmoil' could make the case for a digital dollar

Article

OnlyFans founder makes crypto debut selling influencer trading cards

Article

onXRP Finally Lists on Global Crypto Exchange

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise