Introducing MyArtBroker's Algorithm: SingularityX

A: CS: Data on art pricing predominantly originates from auction houses. However, this poses a dilemma, as these houses have a vested interest in achieving high prices (or low ones, with reserve strategies) and taking its fee off both sides of the deal. This inherent bias in data sources can mislead collectors. Furthermore, the auction houses also typically only sell approximately 34% of what is being bought and sold in the marketplace offering only a fraction of the picture.

IS: The art market's data is heavily guarded and not readily available. Relying solely on auction house data limits the understanding of an artwork's true value, which extends well beyond the confines of the auction block. Collectors regularly only have the previous two to three auction results to work from, if they’re lucky, when looking to value their work.

Determining the current market price for an artwork can be a cumbersome process. Collectors must contact multiple auction houses, dealers, brokers, show their works, and speak to several salespeople before they get more information than the latest auction results. This lack of simplicity and trust in the process hampers price discovery, decision making and confidence.

A: CS: SingularityX aims to resolve these pervasive issues in the art market through a multifaceted approach - namely more diverse data points than used elsewhere in the market.

Possibly the most important component - and the most unique in the market - is that SingularityX leverages a vast array of data inputs. It goes beyond historical pricing by considering private sales pricing, artists' trends, and related print series, including prices for alternative colourways, artists proofs, printers proofs and corresponding portfolios.

By incorporating these data points, SingularityX builds a comprehensive picture of an artwork's value. It strives to include overlooked data points, such as the last bid price on unsold works, the sell through rates within series: all key markers towards a work’s value.

IS: The algo is much more robust than other models, it even factors in different types of volatility, both historical and forward-looking. In that way SingularityX acts as a market maker, a crucial role in an illiquid market. By providing both synthetic bid and ask prices, coupled with the trading floor which adds supply and demand in the private marketplace, it injects liquidity into the market, bridging the gap between buyers and sellers. These additional data points provide a much more comprehensive understanding of an artwork's worth.

A: IS: I hope it will bring transparency for all parties involved. The art market will no longer be the exclusive domain of insiders. With SingularityX, transparency becomes the norm.

The illiquid nature of the art market poses challenges, but SingularityX, as a market maker, will narrow bid-ask spreads and increase liquidity. This benefits buyers and sellers alike, making the market more dynamic.

CS: I hope that the data-driven approach fosters credibility and trust within the art world, erasing the shadow of opacity and enhancing the market's reputation - particularly in the prints market.

SingularityX is not just a product; it's a collaborative effort driven by a team of experts from across the art, tech and data industries. SingularityX is poised to revolutionise the prints and multiples blue chip art market. It offers unprecedented transparency, liquidity, and confidence, empowering collectors and reshaping the art world into a more accessible and credible space for all. As SingularityX continues to refine its data inputs and algorithms, the art market may never be the same again, and collectors can confidently navigate the fascinating world of art with newfound clarity.