Artlogic, a major art inventory management firm, and ArtCloud, a gallery software company specializing in collector engagement and AI tools, have announced a merger. The combined entity will support over 6,000 galleries, artists, and collectors, managing more than 15 million artworks. Artlogic CEO Mike Profit described the move as a long-term infrastructure play, while ArtCloud CEO Alex West will become Chief Innovation Officer of the merged company.
Art appraiser Winston Art Group and art-tech firm Artory have merged to form the Winston Artory Group (WAG), a new company offering art appraisal, advisory, and digital collection management services. The merger is backed by a strategic investment led by Strobe Ventures, with support from CMT Digital, Galaxy Digital, and the family office of Eijk van Otterloo. WAG combines Winston's valuation expertise with Artory's blockchain-backed technology and a database of over 50 million art market transactions, aiming to provide secure, data-rich valuations to insurers, banks, family offices, and collectors. The firm expects to handle $15 billion in valuations this year.