The art world is undergoing a seismic shift, driven by technology, transparency, and globalization. According to Jeffrey Yin, CEO of Artsy, the largest online marketplace for fine art, the next era of collecting will be personal, transparent, and global.
In recent years, collectors have become increasingly savvy about accessing high-quality art online, with many using platforms like Artsy to discover new artists and buy directly from galleries. This shift has democratized collecting, making it more accessible to a wider range of buyers, particularly younger and first-time collectors.
Artsy is leveraging artificial intelligence (A.I.) to make art discovery more personal, using data to strengthen gallery relationships and maintaining the human connection at the heart of collecting. By understanding a collector's tastes and behaviors, Artsy can surface works that resonate with them, whether they're discovering an emerging artist or expanding their existing collection.
The platform is also prioritizing transparency, making prices visible for 75% of artworks on the site, which has led to a significant increase in sales value and growth. Furthermore, Artsy is focusing on building trust among collectors, galleries, and artists by implementing features like direct purchase options and secure transactions.
Younger collectors are approaching art in new ways, discovering artists through social media, traveling, or seeing their work online. They're more likely to buy emerging art, with 72% of collectors saying they're most drawn to emerging artists, according to Artsy's Art Market Trends report.
While A.I. can provide valuable insights and support the curation process, it's not meant to replace human intuition and emotion. The goal is to augment these qualities, making it easier for collectors and galleries to connect over art that resonates with their unique perspectives and experiences.
Ultimately, Artsy sees its role as guiding the next generation of collectors and sustaining their engagement over time, helping them navigate the overwhelming volume of art online in a personal, meaningful way. By leveraging technology, transparency, and global access, Artsy aims to expand the art world's boundaries and make it more inclusive for everyone.
In recent years, collectors have become increasingly savvy about accessing high-quality art online, with many using platforms like Artsy to discover new artists and buy directly from galleries. This shift has democratized collecting, making it more accessible to a wider range of buyers, particularly younger and first-time collectors.
Artsy is leveraging artificial intelligence (A.I.) to make art discovery more personal, using data to strengthen gallery relationships and maintaining the human connection at the heart of collecting. By understanding a collector's tastes and behaviors, Artsy can surface works that resonate with them, whether they're discovering an emerging artist or expanding their existing collection.
The platform is also prioritizing transparency, making prices visible for 75% of artworks on the site, which has led to a significant increase in sales value and growth. Furthermore, Artsy is focusing on building trust among collectors, galleries, and artists by implementing features like direct purchase options and secure transactions.
Younger collectors are approaching art in new ways, discovering artists through social media, traveling, or seeing their work online. They're more likely to buy emerging art, with 72% of collectors saying they're most drawn to emerging artists, according to Artsy's Art Market Trends report.
While A.I. can provide valuable insights and support the curation process, it's not meant to replace human intuition and emotion. The goal is to augment these qualities, making it easier for collectors and galleries to connect over art that resonates with their unique perspectives and experiences.
Ultimately, Artsy sees its role as guiding the next generation of collectors and sustaining their engagement over time, helping them navigate the overwhelming volume of art online in a personal, meaningful way. By leveraging technology, transparency, and global access, Artsy aims to expand the art world's boundaries and make it more inclusive for everyone.
! tech is literally changing the game 
collectors are finally getting the lowdown on art prices 
and A.I. is helping them find pieces that really speak to them 
galleries and artists are also benefiting from transparency 
it's all about building trust and making art more accessible 
younger collectors are killing it with their unique perspectives and tastes 
let's keep the human touch alive in the art world 
I mean, think about it... all this technology and AI stuff, but are we really connecting with art on a deeper level or not? 
Like, galleries used to have that personal vibe going on... now it feels like just another online marketplace 
. And don't even get me started on these AI-powered art recommendation thingies... they're just making my head spin 
I mean, can we just trust our own instincts and taste buds for once? 
I think its gonna be super interesting to see how this whole AI thing changes the game for collectors. I mean, imagine having a personalized feed of art that matches your interests 
. But on the other hand, im not sure how much human intuition is gonna get lost in all this tech wizardry 
.
I mean, don't get me wrong, tech has its place in art, but we gotta make sure it's not a zero-sum game where one side wins and another loses.
! And with AI helping personalize the experience, it's like having your own personal art concierge 
. But what really gets me is that this shift is making collecting more accessible to people who might not have been able to afford it before - younger collectors and first-timers, anyone? 
It's all about democratizing access to art and making it more inclusive for everyone. And let's be real, who doesn't love a good bargain 
But what I'm most excited about is how this new generation of collectors is changing the way we approach art. They're not just looking at old masters or established artists; they're discovering emerging talent and taking risks 
. And, can we talk about how social media is changing the way we discover art? 
It's so cool to see emerging artists getting their moment in the spotlight!
. I think what's crazy is how much tech has changed the game. AI-powered recommendations are actually really cool - it's like having a personal shopping assistant, but instead of clothes or gadgets, you're finding masterpieces to hang on your wall 
. And I have to say, transparency is a big plus for me. Being able to see what others are paying for artworks helps level the playing field, you know? It's not all about high-stakes auctions anymore 
? We need human curation and intuition in art too, don't we? Maybe Artsy should focus on building more community features or online forums where collectors can share their experiences and learn from each other 
. Transparency is always a good thing, though - knowing the prices behind artworks is super valuable for collectors! 