Artprice by Artmarket has experienced substantial growth in Q3 2024, reporting a 13% increase in revenue year-over-year. This achievement follows the successful integration of its proprietary Intuitive Artmarket® AI into premium subscription services. Instead of overhauling its longstanding art market database, Artprice strategically introduced AI-enriched data gradually, maintaining user familiarity while enhancing the depth of its offerings. Premium subscriptions, priced between €439 and €769 per year, have gained significant traction among customers.
Artprice's AI enriches data analysis, enhancing customer engagement and session duration. By leveraging advanced AI methodologies, Artprice is reshaping traditional art market analytics, providing its client base—which includes art experts, auction houses, gallerists, financial institutions, and collectors—with precise, high-value data. This approach ensures both customer satisfaction and trust, crucial in the high-stakes art market where accuracy is paramount.
Artprice has strengthened its collaboration with leading AI search engines like Perplexity.ai, offering superior data aggregation and analysis capabilities. Perplexity.ai leverages AI-driven natural language processing to deliver direct, comprehensive answers, enhancing Artprice’s capacity to provide users with accurate and efficient data access. This collaboration underscores Artprice’s status as a global leader in art market data.
Artprice’s Intuitive Artmarket® AI employs a proprietary Blind Spot AI® methodology, designed to uncover hidden relationships and insights within existing data sets. This innovative approach ensures precise and comprehensive data analysis while preserving the reliability and credibility built over decades. As a result, Artprice continues to shape the future of art market analysis and valuation with unparalleled accuracy.
As a division of Artmarket.com, Artprice operates the world’s largest art market database, offering over 30 million auction results and detailed information on more than 700,000 artists. Artprice collaborates with over 7,200 auction houses globally, delivering up-to-date market trends and insights. Since its inception, Artprice has pioneered data-driven innovations and AI solutions, solidifying its leadership in the global art market.