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Artsy
Genre
Founded2 March 2009Edit this on Wikidata
FounderCarter Cleveland
Headquarters
New York City
,
United States
Key people
  • Mike Steib, CEO
  • Carter Cleveland, founder, and executive chairman
  • Sebastian Cwilich, co-founder and former president and COO
  • Devang Thakkar, former VP of Marketplace and Head of Auctions
  • Wendi Murdoch,co-founder and board director
  • Dasha Zhukova,co-founder and investor
Websitewww.artsy.net

Artsy,formally known asArt.sy Incis aNew York Citybased online art brokerage.[1]Its main business is developing and hosting website for numerous galleries as well as selling art for them.[2]It utilizes a search engine and database to draw connections and map relationships among works of art.[3]

The brokerage was founded by Carter Cleveland, aPrinceton Universitycomputer science graduate.[4]It is currently led by Jeffrey Yin, who was appointed CEO in June 2024.[5]

History

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ARTSY Headquarters (35063018534)

Carter Cleveland, the son of anart historian,[6]founded Artsy during his senior year atPrinceton Universityand worked on the site from his dorm room.[7]Cleveland's goal was for the site to serve as a place where users could discover art online.[8]In May 2010, Artsy participated in the New York City conference,TechCrunch Disrupt,where they competed in the Startup Battlefield and received the Yahoo! Rookie Award![9]A year later, the team demoed Artsy at theBeyeler FoundationatArt Basel(June 15, 2011).[10][11]

In November 2011, Artsy closed a round of financing fromEric Schmidt,Wendi Deng Murdoch,Dasha Zhukova,Larry Gagosian,Jim Breyer,Joshua Kushner,Jack Dorsey,Chris Dixon,andDave Morin.[12]

In 2019, it was reported that in 2018 the data for 1,070,000 accounts were stolen from Artsy.[13]The information included the name, email address, location, IP address and password SHA-512 hashed with a salt. The passwords were not stored in cleartext, but an email from Artsy encouraged users to change their passwords.[14]

Corporate affairs

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Financials

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Since launching, Artsy has raised a total of $100 million from individuals in the worlds of art, tech, and media.[15][16][2]

Products (website and app)

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Artsy currently features over 1,000,000 works by 100,000 artists on its site through partnered galleries.[17][18]As of March 2018, Artsy averaged 2.3 million unique visitors each month.[19]

The Art Genome Project

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Main article:The Art Genome Project

When Artsy launched in October 2011, its main product was The Art Genome Project — "an ongoing study of the characteristics that distinguish and connect works of art."[20]A collaboration between art historians and engineers, and led by art historian Matthew Israel, The Art Genome Project drew upon art-historical scholarship and artificial intelligence to assign values to artwork based on eventually as many as 1211 characteristics or "genes."[21][22][23]These categories ranged from color and period to "Technique: Documentary Photography" and "Group Portrait."[21][22]The Art Genome Project aimed to help users uncover works of art based on personal taste and preference to facilitate the discovery of art.[20][21][22]As of 2020 the AGP was on hold for restructuring.

Reception

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According toWired,Artsy "has the potential to introduce each buyer to a wide range of artists and artworks, all of them related in some way and—this is key—most of them unknown and otherwise inaccessible to any but the most knowledgeable connoisseurs."[11]

Critics of Art.sy label The Art Genome Project forced and artificial and point to the difficulty of representing the full experience of art online.[24]

See also

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References

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  1. ^Razumovskaya, Olga (July 18, 2017)."Artsy Draws $50 Million in Funding".Wall Street Journal.ISSN0099-9660.RetrievedMarch 7,2021.
  2. ^ab"Online art marketplace Artsy raises $50M at $275M valuation to double down on auctions".TechCrunch.RetrievedMarch 8,2021.
  3. ^Chad Hanna, James."The Power of Suggestion".blouinartinfo.BLOUINARTINFO.Archived fromthe originalon March 13, 2016.RetrievedFebruary 3,2011.
  4. ^Miller, M.H. (June 14, 2011)."Point, Click, Collect: Art.sy Brings the Art World Online… Again".START-UPS.The New York Observer.ISSN1052-2948.LCCNsn88099997.OCLC1010541123.RetrievedJune 14,2011.
  5. ^Cassady, Daniel (June 17, 2024)."Artsy CFO Jeffrey Yin Moves into Chief Executive Role".ARTnews.RetrievedJuly 5,2024.
  6. ^Shnayerson, Michael (March 15, 2018)."Artsy's Wendi Murdoch Just Wants to Sell You a Painting".Town & Country(published April 2018).ISSN0040-9952.LCCN57039998.OCLC760318372.RetrievedMay 9,2019.
  7. ^Allison, Chelsea (November 28, 2011)."New Deal: Art.sy's Innovative Online Take on Contemporary Art Sales".Vogue.ISSN0042-8000.LCCN08036997.OCLC812147634.Archived fromthe originalon September 18, 2012.RetrievedAugust 31,2012.
  8. ^Wallis, Stephen (June–July 2011). "Who is Art.sy?".Art in America.ISSN0004-3214.LCCN14011738.OCLC818946839.
  9. ^"Yahoo! Disrupts TechCrunch".ycorpblog.May 26, 2010.
  10. ^"Dasha Zhukova's Art.sy Site Launches to Celeb-Packed Crowd".blogs.artinfo.June 15, 2011. Archived fromthe originalon August 20, 2012.RetrievedAugust 31,2012.
  11. ^abMufti, Shahan (November 23, 2011)."Art.sy's 'Genome' Predicts What Paintings You Will Like".Wired.ISSN1078-3148.LCCN94659076.OCLC24479723.RetrievedMarch 9,2020.
  12. ^Frommer, Dan."Eric Schmidt, Wendi Murdoch, And Other Huge Names Are Betting On Art.sy To Shake Up The Art Market".Business Insider.RetrievedMarch 25,2024.
  13. ^Williams, Chris (February 11, 2019)."Artsy Alerts Users of Data-Security Breach; Report Claims Hacked Information for Sale".The Register.RetrievedMay 26,2020.
  14. ^Greenburger, Alex (February 14, 2019)."Artsy Alerts Users of Data-Security Breach; Report Claims Hacked Information for Sale".ARTnews.RetrievedMay 26,2020.
  15. ^Voien, Guelda (February 6, 2017)."As Online Art Auction Space Shrinks, Is Artsy the Heir Apparent?".Observer.RetrievedMarch 7,2017.
  16. ^Schonfeld, Erick (November 3, 2011)."Art.sy Raises $6 Million Series A From Peter Thiel, Thrive Capital, Wendi Murdoch And Dasha Zhukova".TechCrunch.RetrievedAugust 31,2012.
  17. ^Goel, Vindu (October 28, 2015)."Purchasing Fine Art Is Increasingly Just a Click Away".The New York Times.ISSN0362-4331.RetrievedJuly 25,2016.
  18. ^Hamilton, Anita (May 25, 2012)."Fine Art for Everyone: Five Cutting-Edge Sites for Collectors and Newbies Alike".Time.
  19. ^Schuetz, Molly (March 27, 2018)."New York's Artsy Is Making It Even Easier to Buy Art Online".Bloomberg News.RetrievedMarch 9,2020.
  20. ^abDe Leon, Don Michael Acelar (March 29, 2012)."THE MOST COMPREHENSIVE ONLINE ART DATABASE MAPS CONNECTIONS BETWEEN WORKS".psfk.RetrievedAugust 31,2012.
  21. ^abcWolfe, Alexandra (March 1, 2012)."Buying Art on the Internet".Departures.RetrievedAugust 31,2012.
  22. ^abcJeffries, Adrianne (March 23, 2012)."A Peek at Art.sy's Much-Anticipated Beta".betabeat.
  23. ^Ryzik, Melena (October 8, 2012)."Online, a Genome Project for the World of Art".The New York Times.ISSN0362-4331.RetrievedJuly 5,2024.
  24. ^Hamilton, Anita (June 4, 2012)."Works for Me".Time.Archived fromthe originalon May 25, 2012.RetrievedAugust 31,2012.
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