Artclear Connects: Art Collecting in the Digital Age
In Artclear’s first webinar, we invited two industry experts to share their insights on how technology is transforming the future of collecting art: Elizabeth Dee, Founder and CEO of the art fairs Independent New York and Independent 20th Century, and Craig Hollingworth, tech entrepreneur and renowned art collector.
This is the first in a series of webinars that will explore the intersection of art and technology. Sign up to our mailing list for news on our upcoming events.
Key Insights
Challenges Collectors Face in the Current Art Market: Cost, Risk and Inefficiency
- The excessive costs involved in proving the authenticity of artworks, especially when purchased on the secondary market.
- The risks and complexities associated with art transactions because of a reliance on unverified information.
- Most collectors currently manage their collections with the use of Excel spreadsheets.
- They often find themselves bogged down by inefficiencies in administrative tasks that bring tedious aspects to art management.
The Evolution of Art Collecting
- Collecting 1.0 represents what collectors have been doing since the beginning of time, using traditional paper methods.
- Collecting 2.0 started in the early 2000s with digital management tools that were developed to help people professionalise the management of their art inventory.
- There remains a need for a fundamental shift in how information about artworks is managed and traced; a common thread that ties all this information together.
The Future of Art Collecting
- Collecting 3.0 is a development in information management.
- Infrastructure such as Artclear make it possible to connect traceable facts both to an artwork and its source.
- This can help liberate collectors from administrative burdens, reduce the need for constant re-verification of information, and address the inefficiency and risks in the transaction of artworks.
- It was also facilitate real-time accountability of museums, shippers, and insurers for enhanced transparency.
- Verified information connected to the artworks in a collection will have a positive impact on its value.
- Also offering the potential to empower living artists by tracking artwork locations.
Conclusion
- Embracing innovative technology, such as that offered by Artclear, will play a pivotal role in shaping a more efficient and rewarding art market for collectors.
Thank you Elizabeth Dee and Craig Hollingworth for joining us.
Webinar Highlights Video
For those looking for a condensed version of the webinar, we have prepared a 9-minute edited highlights video. Watch as industry experts Elizabeth Dee and Craig Hollingworth share their insights on how technology is shaping the future of art collecting.
Full Webinar Recording
If you would like to gain a comprehensive understanding of the topics covered, we invite you to view the full hour-long webinar.
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