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Why it is important to start saving
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How much money should I save?
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What percentege of my income should go to savings?
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Unlike other price databases, Artory uses an innovative “Object Matching System” that sifts through a massive amount of historical transaction records looking for duplicate information and provenance data to identify duplicate objects. The system ultimately aggregates all information about the different sales of an artwork over decades into one record on Artory. Therefore, Artory’s price database results will always give you the most complete history of an artwork’s provenance and auction performance. Because Artory’s database is so massive and all-inclusive, it also serves as the basis for the research done by the Art Basel + UBS Art Market Report.
Artory’s search functionality is such that it allows you to narrow down your search and analyze artworks by artist, year, auction house, gallery, and more.
Here’s an example:
When you search for “pollock,” you’ll see there are over 1,200 relevant artworks to sort through.
You can narrow down your search to show artworks just by Jackson Pollock and, for example, choose to only show paintings made in the 1950s. You also have the option to sort prices from low to high, or high to low as shown below. Prices are shown under the title of the artwork for your convenience.
You’ve now filtered down to just 21 paintings by Pollock that were produced in the 1950s. This highlighted work ‘Composition with Red Strokes’ has been signed by an expert at Christie’s, meaning that all object and historical information for this work has been vetted and uploaded to the blockchain at the point of sale by Christie’s.
By creating this sale record, Christie’s allows the work to stand out from hundreds of other records on Artory, increasing confidence in the artwork’s data and the value of the piece.
Signing artwork data and registering it on the blockchain doesn’t always involve a sale of the artwork. Collectors are welcome to request registration of pieces they already own through appraisal firms like Winston Art Group. Take, for example, the below artwork by Ernst Haas.
An expert at Winston Art Group has verified all the information that has been sent in by the Collector at no cost.
When you request and claim an artwork record on Artory like this one, your artwork is stored in a fully-encrypted Vault to help you manage your collection. To learn more, read our article “Why Register on Artory?”
