Quality Benchmark Information (QBI) is putting the power of creating global and regional art market indexes in the hands of the user, with the launch of an index database platform offering fully customisable index reports.
Users can now track art market performance by region making it invaluable for market intelligence and comparisons.
Kate Botelho, founder and managing director of QBI, says: “We are leading the way with a new model for art market analytics. Sales shouldn’t be primarily recorded by nationality of artist but by location of sale. That’s the information that delivers actual financial gains.”
QBI differs from other index providers in the level of customisation it offers for report generation and the feature-rich dashboard aimed at enhancing the user experience.
Users customise reports by applying statistical methods including trimming and smoothing and can filter results by location, artist, media and date. The result is an index report designed by the user for their specific purpose.
Grouped indexes, such as the QBI Art 101 and others focusing on specific art movements, are also provided. Each user has a personalised dashboard with their own index library, features including CAGR and past/current value calculators and an index resource library.
QBI’s acquires its data by tracking open market sales results from auction rooms worldwide. The company’s database is updated monthly and currently includes records for over 18,750 artists and 450,000 sales from 106 auction rooms in 65 cities across the world.