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The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

How Art Firms Are—or Should Be—Using A.I. Right Now

Art firms are increasingly experimenting with artificial intelligence, but concrete use cases remain limited and industry-specific tools are still in their infancy. A new partnership between Bonhams and tech company ARTDAI aims to apply AI to market analytics, valuation, and specialist research, while companies like Artsy and Artnet are integrating AI capabilities into their platforms. Industry experts, including former Art Basel chief Marc Spiegler, note that the art market's small size has historically discouraged tech development, but AI now makes high-performance tools accessible to smaller businesses.

Does the art market need AI?

The article explores the growing role of artificial intelligence in the art market, examining whether AI tools can effectively assist with tasks such as authentication, valuation, and trend prediction. It discusses the potential benefits of AI in streamlining operations and reducing human bias, while also acknowledging skepticism from traditionalists who question AI's ability to understand artistic nuance and cultural context.