News About ID4Arts

Deloitte ArtTactic Art & Finance Report 2017

Excerpt from Chapter 5, “Art and technology”

Technology is also starting to address the challenges of provenance, tracking, and security, all of which are major risks and concerns. For example, the idea of a unique, reliable, and tamper-proof tracker for artwork can have many positive applications: simplified collection management, enhanced security monitoring, improved provenance accuracy, and monitored condition management. With technology like this, institutions and buyers can eliminate many steps that are currently being used to establish provenance and authenticity, and these benefits can ultimately translate into cost savings and improved confidence in the shipping and storage process.

A handful of firms are working on solutions to this problem, including Steven and Anne Halliwell (founders of ID4Arts and managing directors of the Art collectors Fund), who believe that technology using RFID transponders could be the solution. These developments will also likely have important implications for wealth management services as the issues of provenance, tracking, and security are solved.

As originally published in the Deloitte and ArtTactic Art & Finance report 2017.  For the full report, see https://www2.deloitte.com/lu/en/pages/art-finance/articles/art-finance-report.html