A new generation of artworks

ARTID: A DIGITAL MARKETPLACE FOR ARTWORKS

ArtID runs a digital marketplace for artworks which has currently more than 1200 artworks listed. Every art object on ArtID’s digital marketplace is digitised and linked to a unique identity, issued on the blockchain. Blockchain helps trace each art object with a tamper-proof record, and at the same time, ensures privacy for the artists. ArtID’s mission is to make the authentication, exchange, and tracking of artworks simpler and transparent.

ArtID

Why ArtID?

The purpose of ArtID is to provide certainties to today’s risky and low-liquidity art market, that suffers the lack of a controlling authority.

question of valuing art

When the question of valuing art is raised, many argue that the essence of art is beyond economic calculation and reasoning. Most of them say that the very “reason for existence” is that it is separate from such material considerations. However, given the multibillion-dollar global industry that is art, this principle is unrealistic to say the least. Valuing any commodity is simply the act of assessing whether it is worth its price. This means calculating whether the object is worth the other things that could be bought for the same amount. People in the arts do this as much as anyone else, despite their fondness for asserting that money should not interfere with considerations of artistic merit (Grammpp, 1989).

Buy and sell artwork that was checked and certified on-chain

ArtID provides artists with new market opportunities. The ArtID concept is coming to market with the aim of providing artists with a way to authenticate their works of art. The platform combines the use of a digital certificate with an identification verification system. A digital certificate (DC) of a work of art is a “zip” folder that contains all the documentation related to it. Because not every DC is interchangeable (Blockchain Verification) they are unique and do not duplicate a digital object. It is important to note that the company has already reached the target of 1,153,724 euros this month (October 2020).

What Makes a Picasso Painting Worth $179 Million?

 Simply put, Les femmes d’Alger, (Version “O”) is the most significant Picasso from the latter half of his career that is still privately owned—and thus able to be purchased. As Brooke Lampley, international director of Christie’s Impressionist and modern department, told Artsy, “Of the 15 works dedicated to this subject, this is the most fully realized, detailed, and compact one.” It comprises all the influences present throughout his career in one canvas. Resplendent with colors and textures, it perfectly synthesizes Picasso’s formal experiments from the early part of his career with the attraction to sensual female forms that dominates the latter portion of his oeuvre. Women of Algiers (Les femmes d’Alger (Version ‘O’)) was sold last night at Christie’s New York to an anonymous phone bidder. Since the identity of the buyer has not yet been released, and with all 10 top ten lots seeing bidding by new collectors, it’s possible that the buyer is, according to Christie’s President Jussi Pylkkänen, a relative newcomer to art collecting. 

Salvator Mundi

Salvator Mundi is a painting by Italian Renaissance artist Leonardo da Vinci dated to c. 1500. Long thought to be a copy of a lost original veiled with overpainting, it was rediscovered, restored, and included in a major Leonardo exhibition at the National Gallery, London, in 2011–12. It is one of fewer than 20 known works by Leonardo, and was the only one to remain in a private collection. It was sold at auction for $450.3 million on 15 November 2017 by Christie’s in New York to Prince Badr bin Abdullah, setting a new record for most expensive painting ever sold at public auction.

Enter the world of ArtID

The ArtID Digital Certificate gives value to an artwork by binding it in an indissoluble way to its documentation: high definition images, authentication, publications, exhibitions in which it has been showed and everything that may be relevant for a work of art. The information is made immutable thanks to blockchain technology and can be easily shared via QR Code or link. The Digital Certificate is the foundation for the creation of a new generation of artworks, more transparent and liquid. The Digital Certificate is the heart of ArtID and the prerequisite to access all the other services such as the Archive, the Marketplace and the comparison of the artwork through the Artificial Intelligence!