London's historic art scene is getting a tech upgrade

The United Kingdom's historical creation country has embraced exertion specified arsenic artificial intelligence, arsenic it evolves to vie with increasing markets specified arsenic China.

While the United States and China clasp the fig 1 and 2 spots respectively, the U.K.'s publication to the creation marketplace is thing to beryllium sniffed astatine – holding 17% of the planetary share, according to the Art Basel and UBS Art Market Report.

London is wide regarded arsenic the creation hub of Europe, and its biggest creation fair, Frieze, boasted 90,000 visitors successful 2024.

"We person been going for 21 years now, and it's a gathering point," said Eva Langret, Director of Frieze London, successful an interrogation with CNBC's Art of Appreciation.

"We person implicit 160 galleries from 42 countries coming to contiguous the enactment of the artists, and it's truly the infinitesimal wherever the full creation satellite assemblage comes together," Langret said.

And portion a caller procreation of dealers, experts and artists person embraced innovation to future-proof the city's creation market, truthful person immoderate of the city's historical auction houses.

Phillips Auction was founded successful 1796 and was initially known for selling paintings from Marie Antoinette's estate. Today, Phillips sells everything from jewelry to modern and modern art.

"AI is affecting the mode that we unrecorded our lives, the mode that we work, the mode we communicate, the mode that we research. Within the creation world, it's been benignant of bubbling away, burning distant for a while, and it's abruptly caught fire," said Henry Highley, Head of European Private Sales for Phillips.

Watch the video supra for an up-close look astatine immoderate of the creation breaking barriers connected London's creation scene.