Artprice Launches My Art Collection – artmarketblog.com
Artprice has just announced the launch My Art Collection, the first free and confidential art portfolio management service. This service, now available to Artprice’s 1,300,000 subscribers is available as of today for professional or amateur art collectors anywhere in the world. http://web.artprice.com/portfolio/login.aspx
However much you spend on art, the value of your collection is evolving at an ever-faster pace as the art market becomes increasingly sensitive to economic and geopolitical events. With Artprice’s unique and free service My Art Collection, you can follow the value evolution of your collection as a whole with regular revaluations for each of the works in the portfolio.
Using a simple tool that takes full advantage of Artprice’ knowledge in the sector as world leader in art market information, collectors can follow the financial value of their works and their portfolios at just a glance.
This exclusive service enables Artprice subscribers to take full advantage of their immediate access to Artprice’s leading standardised marketplace and to buy or sell elements in their collections in reaction to market fluctuations.
Moreover, in just a couple of clicks, Artprice subscribers can access the pay-service Artpricing: within 48 hours, our analysts (art historians, professionals and econometricians) can provide updated valuation of works. Artprice subscribers can also access the Artprice databases which contain more than 25 million auction results, indices and price statistics for over 405,000 artists.
In addition, this portfolio valuation service will give our subscribers access to online insurance services with quotes calculated in real time by Artprice and its art insurance partners, thereby accelerating the notion of an immediate financial guarantee of their works.
The art market is increasingly reactive. Its principal players are seeking fast and reliable information. My Art Collection by Artprice(R) is today the perfect tool to provide art collectors with the kind of economic information they need. Accessible to all Artprice subscribers, My Art Collection by Artprice is a service that scrupulously respects the confidentiality of its users and protects all personal and private information.
Since 1987, Artprice’s econometrics department has been developing index calculation algorithms based on Artprice’s unique skills and databases. These indices and indicators are today the reference on the art market and have made Artprice the global leader in art market information.
The econometrics department uses its skills to create innovative tools that greatly enhance the transparency of the art market. The Art Market Confidence Index (the reference indicator measuring the confidence of art market professionals) and the Art Price Global Indices (price indices calculated on the basis of 25 million auction results worldwide) are just two such products that are today absolutely indispensable for those wishing to gauge the health of the market.
In 2009, despite a financial and economic crisis that all major institutions agree is of historic proportions, the Art Market Confidence Index – which reflects the views and expectations of its 1,300,000 subscribers in real-time – shows a substantial correction of art market prices; but the instrument itself has contributed to greater overall confidence in the market, particularly with respect to liquidity and acquisition timing. So far, the data from Artprice’s standardised marketplace has indeed been entirely coherent with the AMCI. http://web.artprice.com/amci/
Source: http://www.artprice.com (c)1987-2009 thierry Ehrmann
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.