How Technology Accelerates Buying and Collecting Art
Channel: DataArt | Software Engineering 
Date: 12/04/2022

In this episode, Alexei Miller, Managing Director at DataArt , and Doron Fagelson, VP of Media & Entertainment Practice at DataArt, discuss trends impacting the art market today. We see how the business of art is changing; we see a wave of technology investments in new marketplaces, an embrace of crypto and NFTs, and the emergence of new audiences. So, how do technologies impact and accelerate the changes in buying and collecting art? Find out in this insightful conversation.
Follow this link to see the second episode of "How Technology Innovation Is Reshaping The Art Market": https://youtu.be/vCu7g3RrYak

00:00 – Intro.
00:48 – How is the business of art changing?
02:04 – A distinct shift in the art market with the enormous potential of using technology. 
03:04 – The traditional art market vs online art market growth.
04:33 – How legacy companies are trying to keep up with the digital times.
07:34 – The biggest challenges for online art trading and how technology helps solve them.
09:19 – The rise of online art marketplaces attracts larger audiences and new buyers.
12:22 – Online auctions set up a new breakthrough price tag, higher than ever before. 
13:48 – The art market's massive expansion explained.

#dataart #artmarket  #innovation  
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