Business Model
Charging clients, a fee for each valuation service provided, which varies based on the complexity and value of the artwork
ArtEval operates on a fee-based business model
- Offering subscription packages for clients requiring regular valuation services or consultation
- Consultation on Imaging and Scientific research before acquisition of works of art
- Evaluation services for new acquisitions of art on an annual basis
- Consultation on asset management of art
Market Potential
The market for art valuation services is significant and growing
Insurance Industry
With an increasing number of high-net-worth individuals investing in art, the demand for accurate insurance valuation is on the rise
Banking Sector
Banks are increasingly accepting artwork as collateral for loans, driving the need for reliable art valuation services
Collectors & Private Museums
For asset management and portfolio fund management, including future sales or leasingse
Market potential for art valuation services
- $65 Billion+: The global art market size, with steady annual growth.
- 20% Increase: Expected growth in demand for art valuation services over the next five years.
- $1.7 Trillion: Estimated value of privately held art assets worldwide. 40% Online: A growing share of art sales, driving the need for accurate digital valuations.
- $30 Billion: Estimated size of the global art asset-backed lending market by 2025.
Here are some key figures specific to the South Asian art market
- $15 Billion: Estimated value of the South Asian art market.
- 12% Annual Growth: Average yearly growth rate of the South Asian art market.
- $1 Billion: Total sales in South Asian modern and contemporary art at auction over the past decade.
- 5x Increase: Growth in the number of South Asian art collectors in the last decade.
- Top 10: South Asian artists consistently rank among the top 10 in global contemporary art auctions.
These figures highlight the robust growth and rising prominence of South Asian art in the global market