creating low-priced work
Artificial Intelligence May Have Cracked the Code to Creating Low-Priced Works on Canvas
What better time for a "next-generation" version of art to come crashing into the art world than 2021? After all, this is the unprecedented year that saw an explosion of demand and sales of NFTs or non-fungible tokens, which are inextricably tied to crypto-currency and blockchain technology. Specifically, we're now talking about art created by "artficial intelligence"… yes, the machines are taking over art too. In 2018, Christie's sold Portrait of Edmond de Belamy (2018), the first-ever original work of art created using artificial intelligence to come to auction (it sold for $432,500 against a high estimate of $10,000), Inspired by reports of the sale, Ben Kovalis and two like-minded childhood friends from Israel, Eyal Fisher and Guy Haimovitz, launched the Art AI Gallery one year later, in late 2019. It involves collections of curated work made using an algorithm that was created over the course of six months and then refined over the next year and a half.