abstrART.meDaniel Fernandez

The Market

USD 65.9 B

The Problem

The Solution

What is a good value for my art?

Data

Price Distribution

Market Trends

The Algorithm

Select all artwork within a given category

Application of a linear mixed model

• Fixed Effects:• Size• Year of sales

• Random Effects:• Artist• Movement• Auction House

Price range prediction of a given art piece

Cross Validation

RMSE = 0.42

My JourneyDaniel Fernandez

THANKS!

Hierarchical Models and Stein’s paradox

Art Indexes vs. SP500