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Company Overview
Arthena is a fintech company based in New York, NY, specializing in asset management within the art market. Established in October 2016, Arthena leverages automated and data-driven investment strategies to provide financial products granting access to the alternative asset class of art. The company serves regions including the United States, America/Canada, and also offers remote and partly remote services. Post-launch, Arthena was acquired by the investment platform Masterworks and participated in Y Combinator's W17 batch.
Investment Strategy
Arthena invests in the most liquid segment of the art market known for its low volatility. It utilizes a statistically rigorous model to estimate the worth of artwork over time by relying on auction records and repeat sales data. The model employs Monte Carlo analysis to ascertain annualized returns and the Sharpe ratio, thereby validating the financial viability of their products within statistically stringent bounds.
Machine Learning and Technology
Arthena harnesses machine learning (ML) to drive solutions in the art market, transforming it into a $1.7 trillion-dollar industry. Their technology brings rigorous data handling and pricing transparency, allowing for the development of products that better understand, price, protect, hedge, and invest in art assets. Arthena’s proprietary machine learning infrastructure facilitates quick iterations on modeling approaches. The company has built multiple proprietary products focused on data cleaning, tabling, and visualization.
Proprietary Products and Database
Arthena has accumulated a substantial database encompassing over 3 million transactions amounting to $95 billion and includes 100+ features per lot. The company currently has seven proprietary technical products in its pipeline. Arthena’s advanced engine is unique in its capability for quick iteration on different modeling approaches, making it a prominent player in the industry. Each art asset investment is supported by a fully automated investment report.
Geographic Reach and Services
Arthena operates primarily within the United States, America/Canada, and provides services remotely and partly remotely. The company's fintech solutions streamline the art market and offer transparency and rigor, catering to a broad geographic client base. Arthena remains focused on growth, providing fintech and asset management services that are data-driven and automated.
