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How it Works
The Process of Protecting & Leveraging Your Art Collection
Artwork used with permission from the artist.
The Process:
1
Independent Audit
Collectory verifies Artwork documents only with direct issuers' consent, guaranteeing accurate information. No intermediaries, just independent audits tracing evidence from the legitimate source.
2
Verify & Certify
Verified documents get a Polygon blockchain smart contract for permanent, traceable records. It's matched to the physical Artwork through an anti-tampering seal and a unique gold nanoparticle monogram.
3
Leverage Art Assets
Through Collectory's service and due diligence, you can leverage ArtWorks as a bankable liquid collateral, for lending or investment purposes.
More Detail:
Fine Art Experts Institute
"Often the provenance of a work of art is incomplete or unknown, documentation is missing, expert opinions disagree and attributions change with time, with sometimes considerable consequences for the valuation of the object in question."
Public Choice, Issue 1-2/2021
"Competition between auction houses is vigorous: selling works labelled as “authentic” brings higher commissions—but also the risk of discovery, loss of reputation, and claims for compensation from disappointed."
Fine Art Collector (Confidential)
“Next to the original work, good documentation is the best long-term investment you can make in your art practice. It will be the backbone of your art archive, and the primary factor in how your entire practice is viewed long-term."
Fine Art Collector (Confidential)
"The art market is like a dinosaur in the worldwide economy—it is one of the few markets that is non-transparent and inefficient. It often requires considerable effort to determine authenticity. In many cases records concerning the production and provenance of individual works have been lost."
Neera Sehgal, Fine Art Expert
“The value of a painting increases exponentially if it has a documented history. Savvy collectors
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
Artsy
“Certificates of authenticity, which have been in circulation for decades, were once a vaunted
source for proving provenance. Increasingly, though, they are being called into question.”
source for proving provenance. Increasingly, though, they are being called into question.”
Tim Gorichanaz, Professor Information Science
“In documentation, as in modern society at large, a document is considered to be evidence of a fact. In Art, that "fact" is generally an artwork. The relationship between documents and facts is generally taken for granted, but it is actually an ideological position.”
Artsy
“In a world full of reproductions, determining the value of an objet d’art depends on establishing
its authenticity—ensuring what you’re buying is the real deal.”
its authenticity—ensuring what you’re buying is the real deal.”
Ishfer Hasib, Nomura – Investment Banking Analyst
“In short, data integrity refers to the reliability and trustworthiness of data. By design, blockchains
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
Fine Art Experts Institute
"Often the provenance of a work of art is incomplete or unknown, documentation is missing, expert opinions disagree and attributions change with time, with sometimes considerable consequences for the valuation of the object in question."
Public Choice, Issue 1-2/2021
"Competition between auction houses is vigorous: selling works labelled as “authentic” brings higher commissions—but also the risk of discovery, loss of reputation, and claims for compensation from disappointed."
Fine Art Collector (Confidential)
“Next to the original work, good documentation is the best long-term investment you can make in your art practice. It will be the backbone of your art archive, and the primary factor in how your entire practice is viewed long-term."
Fine Art Collector (Confidential)
"The art market is like a dinosaur in the worldwide economy—it is one of the few markets that is non-transparent and inefficient. It often requires considerable effort to determine authenticity. In many cases records concerning the production and provenance of individual works have been lost."
Neera Sehgal, Fine Art Expert
“The value of a painting increases exponentially if it has a documented history. Savvy collectors
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
Artsy
“Certificates of authenticity, which have been in circulation for decades, were once a vaunted
source for proving provenance. Increasingly, though, they are being called into question.”
source for proving provenance. Increasingly, though, they are being called into question.”
Tim Gorichanaz, Professor Information Science
“In documentation, as in modern society at large, a document is considered to be evidence of a fact. In Art, that "fact" is generally an artwork. The relationship between documents and facts is generally taken for granted, but it is actually an ideological position.”
Artsy
“In a world full of reproductions, determining the value of an objet d’art depends on establishing
its authenticity—ensuring what you’re buying is the real deal.”
its authenticity—ensuring what you’re buying is the real deal.”
Ishfer Hasib, Nomura – Investment Banking Analyst
“In short, data integrity refers to the reliability and trustworthiness of data. By design, blockchains
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
Fine Art Experts Institute
"Often the provenance of a work of art is incomplete or unknown, documentation is missing, expert opinions disagree and attributions change with time, with sometimes considerable consequences for the valuation of the object in question."
Public Choice, Issue 1-2/2021
"Competition between auction houses is vigorous: selling works labelled as “authentic” brings higher commissions—but also the risk of discovery, loss of reputation, and claims for compensation from disappointed."
Fine Art Collector (Confidential)
“Next to the original work, good documentation is the best long-term investment you can make in your art practice. It will be the backbone of your art archive, and the primary factor in how your entire practice is viewed long-term."
Fine Art Collector (Confidential)
"The art market is like a dinosaur in the worldwide economy—it is one of the few markets that is non-transparent and inefficient. It often requires considerable effort to determine authenticity. In many cases records concerning the production and provenance of individual works have been lost."
Neera Sehgal, Fine Art Expert
“The value of a painting increases exponentially if it has a documented history. Savvy collectors
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
Artsy
“Certificates of authenticity, which have been in circulation for decades, were once a vaunted
source for proving provenance. Increasingly, though, they are being called into question.”
source for proving provenance. Increasingly, though, they are being called into question.”
Tim Gorichanaz, Professor Information Science
“In documentation, as in modern society at large, a document is considered to be evidence of a fact. In Art, that "fact" is generally an artwork. The relationship between documents and facts is generally taken for granted, but it is actually an ideological position.”
Artsy
“In a world full of reproductions, determining the value of an objet d’art depends on establishing
its authenticity—ensuring what you’re buying is the real deal.”
its authenticity—ensuring what you’re buying is the real deal.”
Ishfer Hasib, Nomura – Investment Banking Analyst
“In short, data integrity refers to the reliability and trustworthiness of data. By design, blockchains
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
Fine Art Experts Institute
"Often the provenance of a work of art is incomplete or unknown, documentation is missing, expert opinions disagree and attributions change with time, with sometimes considerable consequences for the valuation of the object in question."
Public Choice, Issue 1-2/2021
"Competition between auction houses is vigorous: selling works labelled as “authentic” brings higher commissions—but also the risk of discovery, loss of reputation, and claims for compensation from disappointed."
Fine Art Collector (Confidential)
“Next to the original work, good documentation is the best long-term investment you can make in your art practice. It will be the backbone of your art archive, and the primary factor in how your entire practice is viewed long-term."
Fine Art Collector (Confidential)
"The art market is like a dinosaur in the worldwide economy—it is one of the few markets that is non-transparent and inefficient. It often requires considerable effort to determine authenticity. In many cases records concerning the production and provenance of individual works have been lost."
Neera Sehgal, Fine Art Expert
“The value of a painting increases exponentially if it has a documented history. Savvy collectors
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
want to learn more about the piece so that they can appreciate its antecedents, focus, and vision at different levels.”
Artsy
“Certificates of authenticity, which have been in circulation for decades, were once a vaunted
source for proving provenance. Increasingly, though, they are being called into question.”
source for proving provenance. Increasingly, though, they are being called into question.”
Tim Gorichanaz, Professor Information Science
“In documentation, as in modern society at large, a document is considered to be evidence of a fact. In Art, that "fact" is generally an artwork. The relationship between documents and facts is generally taken for granted, but it is actually an ideological position.”
Artsy
“In a world full of reproductions, determining the value of an objet d’art depends on establishing
its authenticity—ensuring what you’re buying is the real deal.”
its authenticity—ensuring what you’re buying is the real deal.”
Ishfer Hasib, Nomura – Investment Banking Analyst
“In short, data integrity refers to the reliability and trustworthiness of data. By design, blockchains
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
are inherently resistant to the modification of data. It is there and it will be there. In addition,
blockchains are a timekeeping mechanism for the data structure."
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