Welcome!

Agile Computing Authors: Jayaram Krishnaswamy, Nicholas Lee, Ian Khan, Sanjay Uppal, Charlotte Spencer-Smith

News Feed Item

Artprice partners with Artron, China's leading art market information processor, in a now bipolar global Art Market

SAINT-ROMAIN AU MONT, FRANCE -- (Marketwire) -- 02/21/13 -- Artprice's strategic alliance with Artron represents an unprecedented move with an immediate impact on today's bipolar map of the global Art Market. Among the many synergies expected from this partnership, Artprice's exclusive access to previously unavailable key data concerning the Chinese art market will allow an even truer vision of the global market and will give the two global art- information majors full control over market data processing, market dematerialization activities and an entire range of global art market value chains.

According to Thierry Ehrmann, founder and CEO of Artprice, "this unique and exclusive alliance with Artron will allow total mastery of an art market that has become bipolar (i.e. the West plus Asia)." Artron is the major global player in China and Greater Asia. Artprice and Artron consider their alliance to have been patiently constructed over the years via reciprocal diplomacy in the framework of a long-term strategy. Over the years, Artprice and Artron have developed a thorough understanding of China's leadership ambitions with respect to the global art market.

Beyond the economic interests flowing from the parties' contractual obligations, this alliance will allow Artprice to distribute a fair and accurate picture of the global art market in real time to its global clients, the main news agencies, 6,300 publications worldwide and its 2.3 million members.

In historical terms, China was the world's leading artistic light-house for many centuries. During the 19th and 20th centuries, its relative absence from the West - while it developed its internal market - coincided with the development in the West of the standards, both academic and economic, that prevail in today's global art market. However, this period of relative absence is rapidly closing and China is once again keen to project its influence and culture around the globe.

It is therefore entirely logical for Artron to ally itself with Artprice - the world leader in art market information - in order to promote China's legitimate art market supremacy through the statistical auction data prism that Artprice has imposed on the art market as world leader since 1987.

In exchange, Artron will open the door of "Greater China" to Artprice, allowing it to develop a very strong position for its various business activities in the region alongside a powerful ally and leader in this vast territory.

The know-how of AMMA -Art Market Monitor of Artron- in processing and analysing China's market data and information will ultimately allow Artprice to analyse and decipher the mechanisms of the global art market without any cultural bias. The same is true for Artron whose skills (catalogues, publications, Chinese market data flows and comprehensive databases on the Chinese art market) are perfectly complementary to Artprice's activities. Indeed, based on their respective skills, the two firms will be able to enrich each other's areas of expertise (databases, economic analyses, Standardised Marketplaces, art market econometrics) and will consolidate their already vital roles in the growth and development of the global art market.

The dialogue initiated in the framework of the preparation of Artprice's Annual Art Market Report in early March 2013 is a perfect illustration of the natural alliance between know-how of two companies, both leaders in their respective fields and segments.

As a result of this exclusive alliance, Artprice will be able to diffuse an economically fair and balanced view of the art market in both Asia and the West through its global networks. The alliance with Artron will allow Artprice to apprehend the Asian market with knowledge and information that Artron has taken over 20 years to acquire and develop. This alliance is strictly non- competitive since Artron's activity sectors (publishers, support for Chinese auction operators, newsflows on local art scenes, etc.) are specific to China and are not the same as Artprice's.

The historical objective of AMMA -Art Market Monitor of Artron- and Artprice is to generate major global synergies in the field of art market data analysis and the production of information that is adapted to today's bipolar art market.

About AMMA, a subsidiary of GROUPE Artron

AMMA -Art Market Monitor of Artron- is a subsidiary of GROUPE Artron. AMMA is a research center committed to comprehensive monitoring and in-depth analysis of the Chinese Art Market. The research and advisory services are sourced from Artron's database, recognized as the largest and most credible database on the Chinese art market with more than 2.5 million artworks listed and auction results from all over China. For each artwork listed the database contains high definition images and is supplemented with information from more than 500 auction houses ever since China Guardian commenced auction activities in China in 1993. Using statistical and econometric methodology, AMMA observes the price trends of the Chinese art market as well as the specific movements regarding particular specialty markets, categories or artists. AMMA also provides data analysis, technical valuations and pricing advice. It also organizes seminars for individual and institutional customers.

ARTPRICE has joined the prestigious SBF 120 index. The SBF 120 index is composed of the 120 largest French listed companies, including the CAC 40 companies and the country's 80 most liquid stocks.The current liquidity of the Artprice share is 3.83 million euros per day calculated over 440 trading days (amounting to a total of 1.688 billion euros).

Artprice is the global leader in databank on Artprices and indices with more than 27 million indices and auction results covering more than 500,000 artists. Artprice Images® offers unlimited access to the largest Art Market resource in the world, a library of 108 million images or engravings of artworks from 1700 to the present day along with comments by Artprice's art historians. Artprice permanently enriches its databanks with information from 4,500 international auction houses and auctioneers and publishes a constant flow of art market trends for the main news agencies and 6,300 international written media. For its 2.072 million members (member log in), Artprice posts standardized adverts in what is today the world's leading Standardised Marketplace® for buying and selling works of art by private contract or at auctions -regulated by French law alinéas 2 et 3 de l'article L 321.3 du code du commerce-


Discover the Alchemy and the universe of Artprice http://web.artprice.com/video/, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos http://goo.gl/Tz6ly

Artprice is listed on Eurolist B SBF 120 by Euronext Paris (SRD long only): Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF

Artprice releases: http://serveur.serveur.com/press_release/pressreleaseen.htm

Follow all of the art market's news with Artprice on Twitter:

http://twitter.com/artpricedotcom/

Artprice partners with Artron: http://hugin.info/155852/R/1679756/548624.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: ARTPRICE COM via Thomson Reuters ONE

[HUG#1679756]

Contact:
Josette Mey
tel: +33(0)478-220-000
e-mail: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Learn how IoT, cloud, social networks and last but not least, humans, can be integrated into a seamless integration of cooperative organisms both cybernetic and biological. This has been enabled by recent advances in IoT device capabilities, messaging frameworks, presence and collaboration services, where devices can share information and make independent and human assisted decisions based upon social status from other entities. In his session at @ThingsExpo, Michael Heydt, founder of Seamless...
The IoT's basic concept of collecting data from as many sources possible to drive better decision making, create process innovation and realize additional revenue has been in use at large enterprises with deep pockets for decades. So what has changed? In his session at @ThingsExpo, Prasanna Sivaramakrishnan, Solutions Architect at Red Hat, discussed the impact commodity hardware, ubiquitous connectivity, and innovations in open source software are having on the connected universe of people, thi...
WebRTC: together these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at WebRTC Summit, Cary Bran, VP of Innovation and New Ventures at Plantronics and PLT Labs, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it may enable, complement or entirely transform.
For manufacturers, the Internet of Things (IoT) represents a jumping-off point for innovation, jobs, and revenue creation. But to adequately seize the opportunity, manufacturers must design devices that are interconnected, can continually sense their environment and process huge amounts of data. As a first step, manufacturers must embrace a new product development ecosystem in order to support these products.
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, showed how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants received the download information, scripts, and complete end-t...
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, discussed how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the dat...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...