NY startup unleashes big data on art investing
Arthena analyses hundreds of thousands of data points on works of art; adding a touch of human insight, it picks pieces it says will generate handsome returns for investors
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New York
HEDGE funds and some of the world's biggest banks have embraced the predictive properties of machine learning to spot patterns and guide their investment decisions. Could this branch of artificial intelligence (AI) be used to divine the vagaries of the art market?
A New York startup says it can. Arthena analyses hundreds of thousands of data points on works of art - artist, style, medium, size and so forth. Adding a touch of human insight, the company picks pieces it says will generate handsome returns for investors. Arthena currently manages several funds, ranging from low-risk ones that invest in modern art to higher-risk funds that buy works from emerging artists.
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