Artsy (website)

In this article, we will explore the fascinating world of Artsy (website), a topic that has captured the attention of people of all ages and backgrounds. From its impact on society to its relevance today, Artsy (website) has generated endless debates and discussions in different areas. Along these lines, we will delve into its origins, its evolution over time and its influence in various areas, offering a broad and enriching perspective for those seeking to understand this topic further. Join us on this exciting journey and discover everything Artsy (website) has to offer.

Artsy
Genre
Founded2 March 2009 Edit this on Wikidata
FounderCarter Cleveland
Headquarters
New York City
,
United States
Key people
  • Jeffrey Yin, 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 as Art.sy Inc is a New York City based 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, a Princeton University computer science graduate.[4] It is currently led by Jeffrey Yin, who was appointed CEO in June 2024.[5]

History

ARTSY Headquarters (35063018534)

Carter Cleveland, the son of an art historian,[6] founded Artsy during his senior year at Princeton University and 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 the Beyeler Foundation at Art Basel (June 15, 2011).[10][11]

In November 2011, Artsy closed a round of financing from Eric Schmidt, Wendi Deng Murdoch, Dasha Zhukova, Larry Gagosian, Jim Breyer, Joshua Kushner, Jack Dorsey, Chris Dixon, and Dave 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

Financials

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)

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

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

According to Wired, 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

References

  1. ^ Razumovskaya, Olga (July 18, 2017). "Artsy Draws $50 Million in Funding". Wall Street Journal. ISSN 0099-9660. Retrieved March 7, 2021.
  2. ^ a b "Online art marketplace Artsy raises $50M at $275M valuation to double down on auctions". TechCrunch. Retrieved March 8, 2021.
  3. ^ Chad Hanna, James. "The Power of Suggestion". www.blouinartinfo.com. BLOUINARTINFO. Archived from the original on March 13, 2016. Retrieved February 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. ISSN 1052-2948. LCCN sn88099997. OCLC 1010541123. Retrieved June 14, 2011.
  5. ^ Cassady, Daniel (June 17, 2024). "Artsy CFO Jeffrey Yin Moves into Chief Executive Role". ARTnews.com. Retrieved July 5, 2024.
  6. ^ Shnayerson, Michael (March 15, 2018). "Artsy's Wendi Murdoch Just Wants to Sell You a Painting". Town & Country (published April 2018). ISSN 0040-9952. LCCN 57039998. OCLC 760318372. Retrieved May 9, 2019.
  7. ^ Allison, Chelsea (November 28, 2011). "New Deal: Art.sy's Innovative Online Take on Contemporary Art Sales". Vogue. ISSN 0042-8000. LCCN 08036997. OCLC 812147634. Archived from the original on September 18, 2012. Retrieved August 31, 2012.
  8. ^ Wallis, Stephen (June–July 2011). "Who is Art.sy?". Art in America. ISSN 0004-3214. LCCN 14011738. OCLC 818946839.
  9. ^ "Yahoo! Disrupts TechCrunch". ycorpblog.com. May 26, 2010.
  10. ^ "Dasha Zhukova's Art.sy Site Launches to Celeb-Packed Crowd". blogs.artinfo.com. June 15, 2011. Archived from the original on August 20, 2012. Retrieved August 31, 2012.
  11. ^ a b Mufti, Shahan (November 23, 2011). "Art.sy's 'Genome' Predicts What Paintings You Will Like". Wired. ISSN 1078-3148. LCCN 94659076. OCLC 24479723. Retrieved March 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. Retrieved March 25, 2024.
  13. ^ Williams, Chris (February 11, 2019). "Artsy Alerts Users of Data-Security Breach; Report Claims Hacked Information for Sale". The Register. Retrieved May 26, 2020.
  14. ^ Greenburger, Alex (February 14, 2019). "Artsy Alerts Users of Data-Security Breach; Report Claims Hacked Information for Sale". ARTnews. Retrieved May 26, 2020.
  15. ^ Voien, Guelda (February 6, 2017). "As Online Art Auction Space Shrinks, Is Artsy the Heir Apparent?". Observer. Retrieved March 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. Retrieved August 31, 2012.
  17. ^ Goel, Vindu (October 28, 2015). "Purchasing Fine Art Is Increasingly Just a Click Away". The New York Times. ISSN 0362-4331. Retrieved July 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. Retrieved March 9, 2020.
  20. ^ a b De Leon, Don Michael Acelar (March 29, 2012). "THE MOST COMPREHENSIVE ONLINE ART DATABASE MAPS CONNECTIONS BETWEEN WORKS". www.psfk.com. Retrieved August 31, 2012.
  21. ^ a b c Wolfe, Alexandra (March 1, 2012). "Buying Art on the Internet". Departures. Retrieved August 31, 2012.
  22. ^ a b c Jeffries, Adrianne (March 23, 2012). "A Peek at Art.sy's Much-Anticipated Beta". betabeat.com.
  23. ^ Ryzik, Melena (October 8, 2012). "Online, a Genome Project for the World of Art". The New York Times. ISSN 0362-4331. Retrieved July 5, 2024.
  24. ^ Hamilton, Anita (June 4, 2012). "Works for Me". Time. Archived from the original on May 25, 2012. Retrieved August 31, 2012.
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