The highest price paid at auction for an artwork created using artificial intelligence (AI) is $432,000 (£334,144), paid for a “painting” called Portrait of Edmond de Belamy on 25 October 2018. The portrait (of an imaginary person) was created by a type of AI called a Generative Adversarial Network, which was set up by members of the French art collective Obvious Art.
Generative Adversarial Networks (GANs) work by pitting two neural networks against each other to develop new images based on a library of existing images (in this case a dataset of 15,000 portraits painted by artists between the 14th and 20th centuries).
In the Obvious Art collective’s GAN algorithm, which was based on the work of open-source AI programmer Robbie Barrat (USA), one network (the generator) was tasked with iteratively generating images based on the pre-existing data set, while the other (the discriminator) was tasked with identifying the generator’s work. The process concludes when the generator can create images that the discriminator cannot distinguish from the paintings in the original dataset. The striking end result vastly exceeded its auction house estimate of $7,000–$10,000.
The applications of GAN are many and various, but it is the intriguing way in which the AIs in the GAN build up an independent understanding of the world they see through pictures; this is truly independent from the ‘taught’ perception of machine vision we have today and will benefit the likes of automated vehicles in the future.
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History of Auctioneering
Bonhams founded in London in 1793, Bonhams is a privately owned auction house that focuses on fine art, antiques, and collectibles.
Country: United Kingdom
Year: 1793
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Source: https://www.thememorabiliaclub.com/en-us/pages/the-10-most-reputable-auction-houses-in-the-world?srsltid=AfmBOooy9Ny64jd8sBebui--qZzIcpEBnQuTp3e0MLapcOOQubSuTT1h
Founded in London in 1796 by Harry Phillips, Phillips began as a general auctioneer before shifting its focus to fine art and antiques in the 20th century. The auction house has a reputation for its innovative approach to contemporary art, design, and photography auctions. Phillips is known for its themed sales and curated exhibitions, showcasing emerging and established artists alike. The house operates through a combination of live and online auctions, catering to a diverse range of collectors.
In 2022, Phillips made record sales reporting a total of $746 million in both auctions and private sales. Phillips was the first auction house to introduce themed sales, such as the “New Now” auction series focusing on emerging contemporary artists.
Country: United Kingdom
Year: 1796
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Source: https://americascollection.com/news/a-brief-history-of-leading-auction-houses-sothebys-christies-phillips-and-dorotheum/
Mayor and Common Council in Appleton create ordinance that you need a license in Appleton to Auction.
Country: United States
Year: 1887
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Country: United States
Year: 1910
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Freeman Hotel, Black River Falls, WI
Country: United States
Year: 1951
Date: February 17
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NAA’s 1958 Convention was held July 17-18-19 at the Hotel Statler in Buffalo, New York.
Country: United States
Year: 1958
Date: July 17
Source: https://mikebrandlyauctioneer.wordpress.com/2018/02/13/national-auctioneers-association-conference-show-locations/
Glenn Hellberg was the World Livestock Auctioneer Champion in 1965.
Country: United States
Year: 1965
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Midway Motor Lodge, La Crosse, WI
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Year: 1973
Date: June 12
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The Livestock Marketing Association (LMA), headquartered in Overland Park, Kansas, is North America’s leading, national trade association dedicated to serving its members in the open and competitive auction method of marketing livestock. Founded in 1947, LMA has more than 800 member businesses across the U.S. and Canada and remains invested in both the livestock and livestock marketing industries through member support, education programs, policy representation and communication efforts.
Country: United States
Year: 1974
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Country: United States
Year: 1976
Date: August 13
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