Equip art object owners and dealers with a solution that is capable to make real-time valuations of their works of art.
To sell or buy an art object, it needs to be evaluated. This process is usually a costly service provided by auctions and/or individual experts. What’s more, experts in narrow art areas aren’t available 24/7.
Regarding this challenge, CPCS team’s mission was to develop a platform for art object owners and dealers to solve the problem; namely, to equip them with a solution to manage their tangible art assets, evaluate them, and track the market’s ad hoc situation.
We designed a platform that boasts a real-time database fed with art deals. On the basis of the data received, the system simulates human expert decision making process to evaluate art objects. As the output, end users get an estimated priсe for their art objects. This is an instantaneous process that takes into consideration all art trades available online.
Our algorithms add selling value!
The decision-making process of the platform’s algorithms is modeled similar to the evaluation a real expert would perform: the current market value of an art piece is taken into consideration along with the value of this or that artist’s works according to the latest market trends based on social and political news. This in turn equips the platform’s users to pick up the best moment in time to buy or sell their art assets.
The process of art objects management via our platform gets more efficient due to these features our team has delivered:
CPCS engineers applied the following technology and methods:
The solution’s algorithms are customizable for varied business needs. This needs should embrace the following conditions:
CPCS engineers solved the problem of costly and non-instantaneous valuations of art objects.
The solution for art dealers and owners developed by CPCS team allows to get a real-time valuation of their art objects, create own galleries, share separate or all items with other users, receive alerts for upcoming auctions of their interest, pick artworks for consideration, track both real-time and historical fluctuations of artwork prices.