Scientific Art Analysis Firm Launches 'World's First Insured Authenticity Guarantee for Artworks'
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Scientific Art Analysis Firm Launches 'World's First Insured Authenticity Guarantee for Artworks'
"connoisseurship and provenance research with laboratory science and proprietary AI, and then backs the conclusion with an insurance policy from an A+ rated global insurer. If a certified attribution is later proven incorrect, the policy will cover financial loss to the artwork's owner."
"The market has previously relied on 'guarantees' offered by the selling party, with no third-party warranty in case things went wrong, so you're either relying on the good will of the seller to return the cash, or litigation-with little success,"
"Authenticity has been the art market's blind spot for too long. We built a framework that replaces belief with proof, evidence you can act on, and a guarantee you can bank on. For collectors and sellers, that means confidence at the moment of exchange. For lenders, it converts a historically uninsurable risk into one that can finally be underwritten."
"Our insured certificate is priced at 60 basis points of the certified value, reflecting the strength of our evidentiary process and insurer backing,"
ArtDiscovery offers an insured authenticity guarantee that merges connoisseurship, provenance research, laboratory science, and proprietary AI with coverage from an A+ rated global insurer. The guarantee issues a certified attribution and an insurance policy that compensates owners if an attribution later proves incorrect. The insured certificate is priced at 60 basis points of the certified value and functions as a transferable warranty that travels with the artwork. The framework replaces seller-only guarantees and expensive litigation by providing evidence-based proof of authenticity and enables lenders to underwrite a previously uninsurable risk.
Read at ARTnews.com
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