The future of art is changing, with AI-generated art gaining more attention from collectors and enthusiasts.
According to the first Hiscox Art and AI Report, 40% of art collectors believe AI-generated art sales will grow, especially as new buyers embrace the trend. Platforms like DALL·E and Midjourney are fuelling this rise, with AI-generated art now appearing as NFTs and physical pieces. However, the debate rages on: is AI creativity comparable to human ingenuity?
While some collectors are eager to explore this new frontier, traditionalists remain sceptical. Only 16% of seasoned collectors believe AI-generated art will achieve the same value as human-created works. And 82% want clearer distinctions between man-made and AI-generated art.
Yet, despite the concerns, AI-generated art is carving out its place in the market, sparking questions about fair use, ownership, and the nature of creativity itself. Are we witnessing the dawn of a harmonious future for art and AI?
Want to read more about the current and future of AI-generated art? Read or download the report.
Recently, Hiscox brought a fantastic panel of experts to a London gallery to discuss the report in more depth and explore some of the key themes raised in it.
You can watch the full length discussion between digital artists Julie Freeman and Eric Drass; art market journalists Melanie Gerlis and Jo Lawson-Tancred and Robert Read, Hiscox’s Head of Art and Private Clients in the video.
