Art Market Minute
How Is A.I. Reshaping the Market?
A.I. artworks are fetching record prices at fairs and auction houses. The tech is also changing how the art world does business.
Sonia Manalili &
Margaret Carrigan &
Jo Lawson-Tancred
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Artificial intelligence is one of the most polarizing and transformative forces in the art industry. Within the last year, more A.I. artworks have been appearing in major exhibitions and sales. That includes the Digital Art Mile, timed to Art Basel, as well as a high profile and polarizing dedicated auction of A.I. art at Christie’s earlier this year.
Refik Anadol, Machine Hallucinations, Space, Chapter II: Mars (Infinite A.I. Data Painting), 2021. Courtesy of Sotheby’s.
It’s clear the market for A.I. artworks is expanding, as are the applications for the tech as a tool within the trade. But behind all the hype are serious questions about market readiness and ethics. Artnet’s European news reporter Jo Lawson-Tancred joins us to discuss how A.I. is changing how the art world does business.
Art Market Minute will be taking a summer break for the month of August. We’ll return September 8.
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