Artmarket.com: The Artprice Manifesto: 22 Rules for a Regulated and Transparent Art Market in the Age of AI

Artprice by Artmarket has released a 22-rule manifesto for a regulated and transparent art market in the age of AI. The manifesto aims to impose order on the market through real-time price transparency and AI-powered provenance verification.

Overview

The art market has become increasingly volatile due to the growing influence of synthetic data and algorithmic manipulation. Artprice by Artmarket, a global leader in art market information, has taken a stand to champion documentary memory, traceability of artworks, and transparency of art market data.

The 22 Rules

The manifesto outlines 22 rules for a regulated and transparent art market, including:

1. The art market needs memory, with exhaustive archives and a public historical record.
2. Qualified art data is not a luxury, but the minimal infrastructure for a global market.
3. An image is not enough; an artwork also lives through its provenance, exhibition history, and critical reception.
4. Cultural capital deserves the same analytical rigor as other asset classes.
5. Measuring the market does not desecrate art; it gives it a common language.
6. Opacity is not a mark of elegance, but often a class privilege or way to maintain information asymmetry.
7. The primary duty of an art market infrastructure is to reduce information asymmetry.
8. Transparency does not destroy desire, but allows trust, comparison, and conviction to be built.
9. Art history and art economics must no longer be separated.
10. Digital technology must extend expertise, document rarity, inform decision-making, and preserve memory.
11. Every economic market eventually comes to resemble its information system.
12. A poorly documented market breeds rumors; a well-documented market fosters accountability and transparency.
13. The art world can no longer claim universality while remaining illegible to the vast majority.
14. Access to information is a prerequisite for true openness, notably to the countries of the Global South.
15. Artists need documented visibility, not just media visibility.
16. A career is also built within databases, biographies, indices, archives, and comparables.
17. Collectors have a legitimate right to structured information.
18. Auction houses, galleries, collectors, experts, institutions, insurers, museums, customs officials, banks, and financial institutions all belong to the same informational ecosystem.
19. When data flows better, the entire market gains in maturity.
20. The globalization of the art market demands continuous mapping.
21. Cultural sovereignty is also achieved through databases, indices, and platforms.
22. Artificial intelligence is only as valuable as the quality of the datasets it queries.

Conclusion

The Artprice manifesto is a call to action for the art market to become more regulated, transparent, and fair. By following these 22 rules, the art market can reduce information asymmetry, increase trust, and provide a more level playing field for all participants. As the art market continues to evolve, it is essential to prioritize transparency, documentation, and accountability to ensure a more sustainable and equitable future for the industry.