The art data arms race is on: Artnet acquires Tutela analytics

Ramping up the race to apply the power of big data to the art trade, the German-owned online price database and auctioneer Artnet has acquired Tutela Capital SA, a boutique analytics firm co-founded by the former trader Fabien Bocart, for an undisclosed sum.
Tutela specialises in quantitative art market analyses, intelligent algorithms, and high-frequency price indices, and since its founding in 2011, has valued for more than $2bn. The acquisitionnot long after Sothebys announced it had purchas