Paris, Feb. 12, 2025 – Artprice by Artmarket has announced its 2025-2029 strategic roadmap and the initial successes of its Intuitive Artmarket® AI during the Global AI Action Summit held in France. This solidifies Artprice's position as a global leader in AI-driven art market intelligence.
The AI Action Summit, hosted in Paris on February 10-11, brought together representatives from nearly 100 countries, including heads of state, business leaders, and researchers, to discuss the future of artificial intelligence. The event highlighted France's commitment to becoming a powerhouse in AI, with President Emmanuel Macron announcing significant investments in the sector.
Artprice previewed figures from its upcoming 30th Annual Art Market Report, produced with China's Artron Research Academy of Arts. The report underscores France's prominence in the European art market, ranking it as the second largest globally in terms of art auction transaction volumes and fourth in total auction turnover.
The company's Intuitive Artmarket® AI, launched in early 2025, has already seen strong adoption among high-end subscribers, demonstrating the art world's acceptance of AI-driven insights. This AI is capable of identifying linguistic patterns associated with artists, calculating reliable price information, and detecting complex artistic trends.
Artprice's AI development is based on proprietary content and protected under IP law, ensuring freedom from copyright issues. According to thierry Ehrmann, Founder of Artprice, the company's algorithms can identify the language used to describe an artist's approach, inspirations, and themes, providing users with deeper insights into the art market.
The launch of Intuitive Artmarket® AI marks a significant step in Artprice's strategic roadmap, positioning the company as a leader in the integration of AI into the art market. The company plans to launch approximately 20 specific AIs which each represent the sum of the knowledge of each Artprice department. This is expected to revolutionize access to information, personalize the buyer experience, and open new creative perspectives within the global art community.