Assessing the Impact of AI on Fine Art: Threat or Opportunity?

Assessing the Impact of AI on Fine Art: Threat or Opportunity?

Last October was something of a watershed moment for contemporary generative art with the first sale by auction of a portrait generated with the help of artificial intelligence (AI) for $432,500, titled “Portrait of Edmond Belamy”. The event garnered a huge level of public interest, and received widespread media coverage across several major outlets, including the NY Times, the Washington Post and the Miami Herald, and from leading online Art news platforms Artsy and Artnet, among others. Aside from the final sale price greatly exceeding the original estimated sale price of $10,000, one of the most interesting aspects of this episode was how it was characterized by the media at large.