Collecting art was once about the pursuit of beauty. Owning an impressive collection was – and remains – a status symbol, a sign of taste and wealth. Today, however, collecting is becoming increasingly linked to economics.

Auction guarantees are increasingly shaping the dynamics between sellers, buyers, and auction houses – and have become a significant tool in the art market. We will outline the benefits of irrevocable bids for sellers, auction houses, guarantors, and buyers, and give real-life examples.

The White Glove spoke to Angus Scott, the CEO of blockchain company Artclear, about the data-driven nature of the art market – and how technology is making it more transparent, secure, and accessible for artists, collectors, and investors alike.