This new app will rehome your art & get your favorite artists paid more
The First Art Newspaper on the Net    Established in 1996 Tuesday, November 26, 2024


This new app will rehome your art & get your favorite artists paid more
The app’s groundbreaking AI gives collectors the flexibility to buy and re-sell contemporary art.



TORONTO.- Peggy—the secure marketplace to buy, and sell contemporary art—launched today, expanding the art market by providing everyone the opportunity to collect and resell art. The art world has historically been skewed towards millionaires who can enjoy liquidity in the art market, buying and reselling art with ease. By introducing an industry-first artificial intelligence for verification, paired with marketplace and social features, new collectors now have the ability to resell if they choose, while artists earn royalties. Peggy gives people the confidence to start collecting art. Additionally, Peggy announced today that it has raised $10.8 million CAD ($8 million USD) in funding. In contrast to recent economic uncertainty, Peggy’s funding round is an example of how art is a stable asset class and investment—that also supports artists and galleries.

With Peggy, artists across the globe can earn royalties and collectors have the flexibility to resell. With Peggy's patent-pending digital fingerprint, artists, galleries and collectors can finally authenticate artwork. This authentication process enables secondary sales and automatic royalties. Only possible today given advancements in artificial intelligence, Peggy’s digital fingerprinting process utilizes the ease of taking a smartphone picture to create a seamless experience. By enabling collectors to reliably and independently authenticate artwork, Peggy opens the door to secure reselling while continuing to support artists and galleries with royalties.

Peggy’s vision is simple yet ambitious: a world with art in every home. To achieve this, Peggy has partnered top contemporary galleries from around the world for the app’s launch. Artwork on the platform features emerging and established artists in a range of stylistic offerings. For those that might be intimidated by the art world, Peggy offers an array of educational materials in the form of editorial articles and Pegcasts (short form audio clips that include interviews with artists). The galleries that Peggy partners with show at the top art fairs in the world—including Art Basel, NADA, Liste and Zona Maco. Additionally, the artists on the platform have shown at top-tier museums such as the Venice Biennale, Centre Pompidou, MOCA Geffen, and Louvre Abu Dhabi. The high quality of the artwork on Peggy allows collectors to buy art with confidence. In other words, the art on Peggy is investment-grade.

“Peggy is moving the art world in the right direction, creating a new level of transparency and accountability,” said Larry Ossei-Mensah, co-founder of ARTNOIR, curator, and advisor to Peggy. “By providing artists royalties, Peggy is creating a more sustainable art world that gives artists the tools and resources to really succeed.”

New collectors and those interested in entering the art market often feel overwhelmed by choice: not knowing what good art is and what art is worth. Peggy takes the guesswork out of collecting by curating a vetted array of artists. VP of Art at Peggy, Bronwyn Hunter-Shortly, whose previous experience includes Christie’s Auction House, Kasmin Gallery and art advisory at Winston Art Group, leads the team in curating top galleries, artists and artworks from around the world. Peggy’s transparent pricing and public registry of ownership also allow collectors to gain a better understanding of an artwork’s history and trends.

The company was founded by serial entrepreneurs Craig Follett and Adam Meghji, who have worked together for over a decade and sold their last business to Live Nation Entertainment (NYSE:LYV).

"Peggy creates a new economy for art, one where everyone can participate," said Craig Follett, Co-founder & CEO of Peggy. "For the first time ever, collectors can buy art with the flexibility to sell it on the other side, should they one day need to rehome the artwork. This unprecedented flexibility, previously only available to billionaires, is now available to the rest of us, and we're excited to be at the forefront of this movement."

To ensure that each collector gets a personalized experience on Peggy, an invite code is currently in place to access the app. This also makes sure that galleries are able to sustainably reply to all offers—creating a positive experience for everyone. Additionally, collectors can add their names to the waitlist and they will receive an email within a week giving them access to the app.










Today's News

February 8, 2023

Georgia Museum of Art presents highlights from Princeton University Art Museum collection

Eli Wilner & Company completes hand-carved replica of the Resolute Desk

Lucy Lacoste Gallery exhibits a very special suite of five porcelain sculptures by Dimitri Hadzi

The Met receives gift of Francesco Salviati's painting of Bindo Altoviti

Nationalmuseum acquires three French garden views

Florence Arquin Collection to be presented at Hindman

Court upholds charges against ex-Louvre chief in art trafficking case

Getty Museum presents 'Connections: Asia'

Chequers attic sale at Bonhams

Hauser & Wirth shows Gunther Förg's final series made between 2005-2010

Roberts Projects announces Amoako Boafo book release

Historic New England acquires a jewelry design collection

White Cube opens the first UK exhibition by artist duo TARWUK

Hermès Foundation opens the first solo exhibition in Belgium by French artist Marion Verboom

The Warhol announces staff appointments

In Russian plays, don't mention the war

Jesse Tyler Ferguson tips his cap to 'Take Me Out'

Unique UK-wide tour lifts mental health

New photo book 'Empire Roller Disco' by Patrick Pagnano to be released April 2023

Sharjah Art Foundation brings together over 150 artists and collectives for Sharjah Biennial 15

This new app will rehome your art & get your favorite artists paid more

Star Wars figures 100% sold, baseball card 'brick' sells for $873,300 at Morphy's $3.1M auction

7 tips for starting an event planning career with no experience

How Many Hits Does an Esco Bar Have?

Delta-10 Products: How Are They Used Effectively?

Smart project portfolio management for overall company success

How Businesses Can Save With Energy Comparison

Don't have time to visit the grocery store? Don't worry. Try Ocado...

Payday Deals That You Cannot Miss Out On From Mobilephonesdirect!




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Attorneys
Truck Accident Attorneys
Accident Attorneys
Houston Dentist
Abogado de accidentes
สล็อต
สล็อตเว็บตรง
Motorcycle Accident Lawyer

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful