Auction houses, appraisal and finance companies, banks and galleries can now leverage LiveArt’s industry-leading products to improve their services and grow their business SeoulAuctionBlue is the first partner to use LiveArt Enterprise Edition to support its split, valuation and valuation services
NEW YORK, September 9, 2022 /PRNewswire/ — LiveArt today announced the launch of LiveArt Enterprise Edition, which enables auction houses, appraisal and finance companies, banks, galleries, advisors and other operators of the art market to use cutting-edge AI-powered analytics and data to gain a competitive edge and grow their business. SeoulAuctionBlue, a subsidiary of Korea’s largest art auctioneer, Seoul Auction, is the first art platform to invest in LiveArt Enterprise Edition to support its splitting, appraisal and valuation services for customers of Asia and globally.
In just over a year, LiveArt’s unparalleled data offerings and AI-powered solutions are already being used for free by more than 100,000 individual collectors, dealers and art market professionals, and growing. in addition. The new LiveArt Enterprise Edition is a significantly expanded version of these tools, providing an all-in-one solution for the art trade to track the market moments that have the most impact on businesses and customers.
LiveArt Enterprise Edition features include:
- API integration with internal collections management software
- Access to over 10 million live, real-time updated auction records from the world’s top 25 auction houses
- Advanced AI-powered analytics, including artist ratings and momentum scores, and LiveArt Estimate™ estimated fair market value, generated from a proprietary algorithm that incorporates real-time data from the whole world market.
- Benefits of the MyCollection™ tool to track fluctuations in collection value at a holistic level and for each individual artwork
- Real-time notifications when new works by artists in its collection are available or if a new auction record is reached
- Connection to the LiveArt trading room
- Exclusive access to information on the latest developments in the global art market
“Auction houses, advisors, appraisers and others working with clients in the art market have always had to rely on disparate sources and tools to inform the trade. This has limited the ability to comprehensively assess the market at any time LiveArt Edition offers, for the first time, a single centralized solution for real-time data and analytics on a global scale, allowing trading partners to increase efficiency and confidence in decision-making and ultimately grow their business,” said Boris Pevznerco-founder and CEO of LiveArt.
“LiveArt’s business analytics provide us with unique market insights that are integral to our decision-making process. Whether we’re buying, selling, or splitting artwork, the analytics LiveArt generates give us the confidence to assess the market globally. After using and evaluating other products, we chose LiveArt because of its unparalleled depth, analytics platform and industry expertise,” said bong leeFounder and CEO of SeoulAuctionBlue.
More information about LiveArt Enterprise Edition is available at https://liveart.io/data-enterprise.
SeoulAuctionBlue is a subsidiary of Korea’s largest art auctioneer, Seoul Auction, which aims to expand the market by operating a joint art buying platform: SOTWO. XBYBLUE is a subsidiary of Seoul Auction Blue and operates a service called XXBLUE, which secures and manages intellectual properties (IP) of various digital content to offer limited digital art content to users.
About Live Art
Founded by a team of art market insiders and technology innovators, LiveArt is a leading global art platform that combines innovative technology with intimate knowledge of the art market to put artists in control. collectors and artists. LiveArt offers collectors unparalleled access to exclusive pricing data and market information so they can buy and sell artwork with confidence, discretion and efficiency. The AI-powered data platform is the go-to destination for art market data and analysis, live auction streaming, real-time and historical price information, detailed analysis of artist and market trends and the financial and cultural context. LiveArt’s peer-to-peer digital marketplace provides ultimate discretion, allowing users to determine how much information about their identity and artwork is disclosed.
LiveArt NFT is LiveArt’s end-to-end Web3 solution for minting and selling NFT, providing artists and collaborators with complete rights management and unbreakable resale royalties. Artists can mint their works in the Creator Hub, and collectors can access a curated selection of the best artworks in the LiveArt NFT Marketplace. The White Label Suite allows galleries and museums to launch and manage their own NFT marketplaces, or work with LiveArt NFT studio and partners to curate and market drops.
Alex Klimoski / Emilie Litwak / Liz Maguire / Barbara Escobar