"Despite all the hype, A.I. use cases in the art world are still emerging, and many firms remain cautious. Trust and relationships are paramount, and A.I. tools simply can't replicate that."
"Experts say A.I. could finally bring high-powered tech within reach of smaller galleries and businesses that historically couldn't afford it."
"The auction app is now launching a new sale format called 'No Warning,' which essentially functions as a sealed-bidding system as interest in private auctions continues to rise."
"A Fair Warning Sotheby's New York sale of the Jean and Terry de Gunzburg collection set a U.S. record for design auctions, totaling $96 million."
A.I. applications in the art sector are still developing, with many firms exercising caution. Trust and relationships are essential in this trade, which A.I. cannot replicate. Current A.I. innovations primarily target new collectors rather than experienced buyers. However, experts suggest that A.I. may soon provide smaller galleries and businesses access to advanced technology. Additionally, a new auction format called 'No Warning' is being introduced, and a recent Sotheby's sale set a record for design auctions, totaling $96 million.
Read at Artnet News
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