Artsy (website) explained

Artsy
Founder:Carter Cleveland
Location City:New York City
Location Country:United States

Artsy, formally known as Art.sy Inc is a New York City based online art brokerage.[1] Its main business is developing and hosting website for numerous galleries as well as selling art for them.[2] It utilizes a search engine and database to draw connections and map relationships among works of art.[3]

The brokerage was founded by Carter Cleveland, a Princeton University computer science graduate.[4] It is currently led by Jeffrey Yin, who was appointed CEO in June 2024.[5]

History

Carter Cleveland, the son of an art historian,[6] founded Artsy during his senior year at Princeton University and worked on the site from his dorm room.[7]  Cleveland's goal was for the site to serve as a place where users could discover art online.[8]   In May 2010, Artsy participated in the New York City conference, TechCrunch Disrupt, where they competed in the Startup Battlefield and received the Yahoo! Rookie Award![9]   A year later, the team demoed Artsy at the Beyeler Foundation at Art Basel (June 15, 2011).[10] [11]

In November 2011, Artsy closed a round of financing from Eric Schmidt, Wendi Deng Murdoch, Dasha Zhukova, Larry Gagosian, Jim Breyer, Joshua Kushner, Jack Dorsey, Chris Dixon, and Dave Morin.[12]

In 2019, it was reported that in 2018 the data for 1,070,000 accounts were stolen from Artsy.[13] The information included the name, email address, location, IP address and password SHA-512 hashed with a salt. The passwords were not stored in cleartext, but an email from Artsy encouraged users to change their passwords.[14]

Corporate affairs

Financials

Since launching, Artsy has raised a total of $100 million from individuals in the worlds of art, tech, and media.[15] [16]

Products (website and app)

Artsy currently features over 1,000,000 works by 100,000 artists on its site through partnered galleries.[17] [18] As of March 2018, Artsy averaged 2.3 million unique visitors each month.[19]

The Art Genome Project

See main article: The Art Genome Project. When Artsy launched in October 2011, its main product was The Art Genome Project — "an ongoing study of the characteristics that distinguish and connect works of art."[20]   A collaboration between art historians and engineers, and led by art historian Matthew Israel, The Art Genome Project drew upon art-historical scholarship and artificial intelligence to assign values to artwork based on eventually as many as 1211 characteristics or "genes."[21] [22]  [23] These categories ranged from color and period to "Technique: Documentary Photography" and "Group Portrait."  The Art Genome Project aimed to help users uncover works of art based on personal taste and preference to facilitate the discovery of art. As of 2020 the AGP was on hold for restructuring.

Reception

According to Wired, Artsy "has the potential to introduce each buyer to a wide range of artists and artworks, all of them related in some way and—this is key—most of them unknown and otherwise inaccessible to any but the most knowledgeable connoisseurs."

Critics of Art.sy label The Art Genome Project forced and artificial and point to the difficulty of representing the full experience of art online.[24]

See also

External links

Notes and References

  1. News: Razumovskaya. Olga. 2017-07-18. Artsy Draws $50 Million in Funding. en-US. Wall Street Journal. 2021-03-07. 0099-9660.
  2. Web site: Online art marketplace Artsy raises $50M at $275M valuation to double down on auctions. 2021-03-08. TechCrunch. en-US.
  3. Web site: Chad Hanna. James. The Power of Suggestion. dead. https://web.archive.org/web/20160313061342/http://www.blouinartinfo.com/news/story/36888/the-power-of-suggestion. March 13, 2016. February 3, 2011. www.blouinartinfo.com. BLOUINARTINFO.
  4. News: Miller. M.H.. Point, Click, Collect: Art.sy Brings the Art World Online… Again. June 14, 2011. The New York Observer. START-UPS. en-US. sn88099997. 1052-2948. 1010541123. June 14, 2011.
  5. Web site: Cassady . Daniel . 2024-06-17 . Artsy CFO Jeffrey Yin Moves into Chief Executive Role . 2024-07-05 . ARTnews.com . en-US.
  6. Shnayerson. Michael. March 15, 2018. Artsy's Wendi Murdoch Just Wants to Sell You a Painting. Town & Country. en-US. April 2018. 0040-9952. 57039998. 760318372. May 9, 2019.
  7. Allison. Chelsea. New Deal: Art.sy's Innovative Online Take on Contemporary Art Sales. August 31, 2012. Vogue. 08036997. 0042-8000. 812147634. November 28, 2011. dead. https://web.archive.org/web/20120918232825/http://www.vogue.com/culture/article/new-deal-artsys-innovative-online-take-on-contemporary-art-sales/#1. September 18, 2012.
  8. Wallis. Stephen. Who is Art.sy?. Art in America. June–July 2011. 14011738. 0004-3214. 818946839. en-US.
  9. Web site: Yahoo! Disrupts TechCrunch. ycorpblog.com. May 26, 2010.
  10. Web site: Dasha Zhukova's Art.sy Site Launches to Celeb-Packed Crowd. blogs.artinfo.com. June 15, 2011. dead. August 31, 2012. https://web.archive.org/web/20120820104318/http://blogs.artinfo.com/artintheair/2011/06/15/dasha-zhukovas-art-sy-site-launches-to-celeb-packed-crowd/. August 20, 2012.
  11. Mufti. Shahan. Art.sy's 'Genome' Predicts What Paintings You Will Like. Wired. November 23, 2011. en-US. 94659076. 1078-3148. 24479723. March 9, 2020.
  12. Web site: Frommer . Dan . Eric Schmidt, Wendi Murdoch, And Other Huge Names Are Betting On Art.sy To Shake Up The Art Market . 2024-03-25 . Business Insider . en-US.
  13. Web site: Artsy Alerts Users of Data-Security Breach; Report Claims Hacked Information for Sale . Chris . Williams . February 11, 2019 . . May 26, 2020.
  14. Web site: Artsy Alerts Users of Data-Security Breach; Report Claims Hacked Information for Sale . Alex . Greenburger . February 14, 2019 . . May 26, 2020.
  15. News: Voien. Guelda. February 6, 2017. As Online Art Auction Space Shrinks, Is Artsy the Heir Apparent?. en-US. Observer. March 7, 2017.
  16. Web site: Art.sy Raises $6 Million Series A From Peter Thiel, Thrive Capital, Wendi Murdoch And Dasha Zhukova. Schonfeld. Erick. November 3, 2011. TechCrunch. August 31, 2012.
  17. News: Purchasing Fine Art Is Increasingly Just a Click Away. Goel. Vindu. October 28, 2015. The New York Times. July 25, 2016. 0362-4331.
  18. Fine Art for Everyone: Five Cutting-Edge Sites for Collectors and Newbies Alike. Hamilton. Anita. May 25, 2012. Time.
  19. Web site: New York's Artsy Is Making It Even Easier to Buy Art Online. Schuetz. Molly. March 27, 2018. Bloomberg News. March 9, 2020.
  20. Web site: THE MOST COMPREHENSIVE ONLINE ART DATABASE MAPS CONNECTIONS BETWEEN WORKS. De Leon. Don Michael Acelar. March 29, 2012. www.psfk.com. August 31, 2012.
  21. Buying Art on the Internet. Wolfe. Alexandra. March 1, 2012. Departures. August 31, 2012.
  22. Web site: A Peek at Art.sy's Much-Anticipated Beta. Jeffries. Adrianne. March 23, 2012. betabeat.com.
  23. News: Ryzik . Melena . 2012-10-08 . Online, a Genome Project for the World of Art . 2024-07-05 . The New York Times . en-US . 0362-4331.
  24. News: Hamilton. Anita. Works for Me. https://web.archive.org/web/20120525021904/http://www.time.com/time/magazine/article/0,9171,2115626,00.html. dead. May 25, 2012. 31 August 2012. Time. June 4, 2012.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Artsy (website)".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.