Art investment platform, Lot-Art, has developed a new market analytics tool, designed to help identify and follow trends in the artworks and wristwatch markets. As such, it aims to help users measure the value of these as alternative investment assets.
Amsterdam, Netherlands - April 24, 2023 —
Lot-Art, "The Art Investment Platform" is the largest online search engine for art, watches, and luxury collectibles, and it has recently launched a tool to analyze trends within the art and watches markets. They currently have about 50 million auctioned items in their database, and this number is continuing to grow by ~600K upcoming items added monthly.
They developed a tool to analyze market trends for artworks and wristwatches as alternative investment assets. The tool pulls from their platform’s Big Data that they have been aggregating since 2016. Their extensive price database has ~30 million auction sales price results from more than 3500 auction houses worldwide, mainly in the USA and Europe. Users are able to search the range of data, allowing them to check the prices for fine art, watches, designs, and luxury collectibles, all with historical auction price results.
The Market Analytics Platform allows the user to get to know the market price of an asset, with average values, actual values, and sell-through rates displayed. Assets can be compared with those that are similar to it, and the user can examine price and volume trends over time, allowing them to make better investment decisions.
Amongst its other unique features, the new Market Analytics Tools is able to filter the or items by any keyword, country, and features such as the size of the artwork. This makes it ideal for accurate trend estimations and valuations.
Lot-Art has also coined the term "Liquid Price Range": buying the asset within that price gives a high chance of fast resale. With the help of this liquid price, it is also automatically identifying the possible "Best Deals": upcoming auctioning items worldwide that are offered below the market price, so buying these is likely to yield a profit in the short term.
To learn more about Lot-Art, their new Market Analytics tool, and the other functions of the art investment platform, you can visit their website at https://www.lot-art.com/.
Please address any and all press inquiries by email to dev@lot-art.com.
Contact Info:
Name: Lot-Art
Email: Send Email
Organization: Lot-Art
Website: https://www.lot-art.com/
Release ID: 89095643
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