ARTSTAQ is the first NASDAQ-like system for art quotation, rating and real-time trading
The New Standard in Art Trading
ARTSTAQ, London, fin-art technology startup announces today the public launch of their Automated Rating & Trading Standard for Art Quotation. ARTSTAQ introduces us to the first online system for art quotation, automated rating and real-time trading, based on principles applied to capital markets. It has recently been called the NASDAQ for art. The Standard defines a framework that enhances the quality, integrity and efficiency of trading art through ARTSTAQ Exchange. One of the main goals of the Standard is to ensure protection for investors regardless if they are less experienced or a professional in art trading.
Furthermore, ARTSTAQ has impressed the fin-art market by simultaneously opening three independent technological platforms — ARTSTAQ BigData, ARTSTAQ Rating and ARTSTAQ Exchange as well as incorporating several unique features like automated quoting, 4-levels of independent rating, ongoing trading, real-time market valuation, art quotient, 100% liquidity protection, etc. The ARTSTAQ Standard has been applied to global art exchange platforms such as Artex500.com and Bolsaarte.com.
“ARTSTAQ introduces blue ocean technology which enables one of the biggest fundamental changes within the history of the art market. The last six months have been truly amazing. We’ve been testing our technology with global banks, financial advisors, galleries, curators, art critics and many other professionals. We have established our partners’ network on different continents and everything has been running so fast in a hidden mode. It was astonishing to see how all market users appraised ARTSTAQ’s system as extremely fair with open data, high liquidity, higher trading speed and all-in-one services with a user-friendly environment.” said Jozef Barta, CEO and vice-chairman of ARTSTAQ. “When you hear that your solution is exactly what the art market needs, and when you receive feedback that you can solve problems with a lack of transparency in the art business, this is something special that gives you the energy and momentum to keep moving forward.”
Is it time for such a disruptive solution?
Certainly. Let’s take note of the Roubini Global Economics report, where respected economist Nouriel Roubini highlights the following:
“it’s time for investors to consider art an asset class, just like stocks, bonds and commodities.”
“There is a lack of a fundamental pricing model for art.”
Deloitte and ArtTactic also point out a strong interest in art and wealth management in their Deloitte Art & Finance Report 2014. They believe that “the art fund industry must evolve and rethink its current art fund model.”
Deloitte identifies a rise in opportunities supported by data, research and analysis which should skyrocket as the art market increases its search for better tools to make informed decisions and to help address some of the concerns that wealth managers have when it comes to transparency and the lack of information.
Look forward to major changes in the art world
It is obvious that the “Art Exchange” is the business model that the art market has been waiting for. This has been a hot discussion topic between art professionals for a long time. When we take a look at ARTSTAQ’s solution, it is clear as to why we have all been waiting for so long. To open such a complex and global system means to release other independent platforms supplemented by unique technological features for big data, rating and trading. In other words, we are witnessing the development of an entirely new art market.
It seems that ARTSTAQ has made a point to offer a model which retains its independence and simultaneously invites new global players (banks, brokers, financial institutions) to the art market. The facts highly suggest that ARTSTAQ could become the universal quoting, rating and trading standard. The only question refers to how auction houses will utilize the new quoting system in their businesses, as they are currently using a classical auction model.
Ultimately, it appears that we can definitely look forward to major changes in the art world. Stay informed as we bring you the latest updates from ARTSTAQ.
About ARTSTAQ
ARTSTAQ (Automated Rating & Trading Standard for Art Quotation) is the first online system for art quotation, automated rating and real-time trading, based on principles applied to capital markets; it has recently been called the NASDAQ for art. The online system is divided into three independent platforms — ARTSTAQ BigData, ARTSTAQ Rating, and ARTSTAQ Exchange. The platforms are used in both the financial sector and art sector by banks, brokers, wealth managers and investors as well as by artists, galleries, curators, art rating experts, collectors and other art professionals. The ARTSTAQ Standard defines a framework that enhances the quality, integrity and efficiency of trading art through the ARTSTAQ Exchange. One of the main goals of the Standard is to ensure protection for investors regardless if they are less experienced or a professional in art trading. The ARTSTAQ Standard is applied to global art exchange platforms such as Artex500.com and Bolsaarte.com. Headquartered in London, ARTSTAQ also has offices in Prague and Dubai. For more information, visit Artstaq.com or follow us on Twitter at @artstaq.
