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Art and Digital Culture: Will AI and blockchain bust the art price boom but save the art world?

Real Time Club

Tuesday, 19 September 2017 from 18:00 to 22:00 (BST)

Art and Digital Culture: Will AI and blockchain bust...

Ticket Information

Ticket Type Sales End Price Fee Quantity
Real Timers
The standard ticket for members, friends and guests of the Real Time Club.
18 Sep 2017 £65.00 £0.00
Real Timers & Students Under 30
Discounted ticket for members, friends and guests and students of the Real Time Club who are under 30 years of age.
18 Sep 2017 £50.00 £0.00
New IT Girls - Ladies In IT who are changing the world 19 Sep 2017 £40.00 £0.00

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Event Details

A Real Time Club Event

Art and Digital Culture: Will AI and blockchain bust the art price boom

but save the art world?

Club house on Whitehall

In the 1990’s, the advent of online price databases for works of art sold at auction changed the industry forever; art buyers could search online for the price history and purported provenance of their desired masterpiece prior to purchase, disrupting the entire value chain that had existed for more than 250 years.

 

As a result of this new-found transparency in pricing, art as an investment has boomed: art funds have been established, contemporary art market prices soared and the auction market almost tripled from $17.2bn in 2005 to $45bn in 2017. Recently, a Jean Michel Basquiat painting – ‘Untitled’ - sold for $110.5m – until May this year it had been in the same private collection since it was bought at auction in 1984 for $19,000, a rise of nearly x6000 in 33 years!

 

Auction price databases only provide one facet of cultural value of art, and as such there are whispers within the industry that this growth in value is in fact a bubble. What databases would need to be developed, and what technology exploited, to really understand the value of art today and in the future?

 

And what will happen if AI systems and machine learning are tasked with valuing creativity, tracking provenance and linking works of art to the stories that make them valuable, rather than solely relying on what a collector is willing to pay for artworks based on (vested) market forces and its supposed investability?  Will the systems rebalance the current prices with valuations based on finding art with similar characteristics or ‘attractiveness’, or will other data sets become important? Will the art bubble be burst or reinforced by technology?

 

By using blockchain technology to publicly record ownership, track movements and verification of authenticity of each piece, will many of the challenges that the art market faces be alleviated? Can the art market be saved by technology? And, zooming out further, as the art market grapples with supply chain and self-regulation, can lessons be learned for the Artificial Intelligence and data community as a whole? 

 

This talk, presented from the leading edge of disruptive technologies in the art world by Bernadine Brocker Wieder, will explore what technology can do to truly track the value of culture and create a more ethical art market.

BOOK HERE to understand how AI, machine learning and blockchain are revolutionising the art world and our valuing of the creative arts at the Real Time Club dinner on 19th September 2017. 

About our speaker: Bernadine Brocker Wieder is the CEO and Co-Founder of Vastari Group, an online platform securely connecting private collectors of art, exhibition producers, venues and museums for exhibition loans and tours (www.vastari.com).

She is a founding member of the team at Trinity House gallery on Maddox Street in London with experience including working at Traffic Creative Management - New York's premiere creative artist management and advertising agency - and Ralph Appelbaum Associates, New York - the world's largest museum exhibition design firm.

Bernadine is a member of the Professional Advisors to the International Art Market and the Worshipful Company of Arts Scholars, holds a Master’s degree in History of Art and Art-World Practice from Christie’s Education/University of Glasgow and a Bachelors from Parsons School of Design, New York.

She frequently gives talks on transparency and valuing art and using blockchain and other technologies in the art world.

Networking drinks prior to the Real Time Club dinner

 

Dietary Requirements: Please contact the organiser with any specific dietary requirements at least 5 days before the event.

Ticket sales end one day before the dinner due to kitchen logistics.

Refund Policy: Refunds are only made at the discretion of the organiser and where agreed will be made by cheque to the buyer within 14 days of the request being confirmed by the organiser. The ticket buyer shall request a refund directly from the event organiser by email to secretary@realtimeclub.co.uk under the following terms:
Refund requested up to 21 clear days before the day the event is due to take place: refund due 100% of total ticket cost minus a £7.50 administration fee. Refund requested between 20 and 14 clear days before the day the event is due to take place: 75% of total ticket cost minus a £7.50 administration fee. Refund requested between 13 and 3 clear days before the day the event is due to take place: 50% of total ticket cost minus a £7.50 administration fee. No refund will be made for requests made after that date.

Do you have questions about Art and Digital Culture: Will AI and blockchain bust the art price boom but save the art world?? Contact Real Time Club
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When & Where


National Liberal Club
1 Whitehall Place
SW1A 2HE London
United Kingdom

Tuesday, 19 September 2017 from 18:00 to 22:00 (BST)


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Organiser

Real Time Club

Born as an IT dinner club 50 years ago this year, the Real Time Club is one of London’s foremost networking institutions. The Club’s networking events bring together people from diverse professional backgrounds with common interest in technology and society. The Club’s membership includes entrepreneurs and professionals form the tech industry, public sector, academia and finance.

Every year the Real Time Club runs a series of dinners with distinguished speakers on current issues of the information age. The Club’s dinners encourage robust and well-informed debate, while enabling interesting people to meet one another. There are around six dinners a year, most of which take place at the National Liberal Club, Whitehall Place, London SW1.

Real Time Club dinners are open to non-members. Everyone is welcome to attend.

The full dinner programme is available on the Club's website. Latest news and discussions can be found in the Real Time Club group on LinkedIn.

For more information or with any further questions please contact the club directly:
Club Secretary: secretary@realtimeclub.co.uk
Website: www.realtimeclub.co.uk

  Contact the Organiser
Art and Digital Culture: Will AI and blockchain bust the art price boom but save the art world?
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