AI Authenticates Art for the First Time: A Revolutionary Auction
In an unprecedented event that could reshape the art world, Germann Auction House in Zürich made history by selling a piece of artwork AI Authenticates Art. The sale took place on November 23, 2024, with a watercolor by Russian artist Marianne von Werefkin fetching just under $17,000—nearly double its high estimate of $9,000. This remarkable transaction, facilitated by Art Recognition, a Swiss-based AI authentication company, may signal a transformative shift in how art is validated and traded. The First AI Authenticates Art The artwork, an untitled piece by Werefkin, underwent authentication exclusively through AI technology developed by Art Recognition. This … Read more