What is Peggy?
Peggy is the social marketplace to buy and sell investment-grade art. We know that plans change—that’s why we give collectors the flexibility to rehome their art on Peggy. Powered by our AI technology, we enable royalties for artists on all future sales.
Problem
Users seeking to invest in art face difficulties due to the illiquid nature of art investments and lack of support for artist royalties on resales, leading to a less dynamic and engaging art market experience.
Solution
Peggy is a social marketplace platform that allows users to buy and sell investment-grade art with the flexibility to resell their acquisitions. The platform is powered by AI technology to enable royalties for artists on all future sales.
Customers
Art collectors, investors looking for alternative investment opportunities, artists seeking royalties from secondary sales, and anyone interested in the art market.
Unique Features
Integration of AI technology to manage and track artist royalties on secondary sales, and the provision of a social marketplace environment specifically for investment-grade art.
User Comments
Users appreciate the flexibility of resale options.
Artists support the platform for enabling royalties on secondary sales.
Investors find it an innovative way to invest in art.
The social aspect of the marketplace enhances user engagement.
The use of AI technology is seen as a forward-thinking approach to the art market.
Traction
Due to constraints, specifics regarding the number of users, MRR/ARR, financing, or detailed traction are not available.
Market Size
The global online art market was valued at approximately $6.3 billion in 2021.
