Creating a Prototype for AI-Based Art Appraisal and Valuation app

Which problems do we solve?

Art prices
Valuations
Emerging artists
Lack of expertise

What might be the solution?

An AI-based art appraisal and valuation app.

The project aims to create an innovative, AI-based solution that removes the guesswork from art valuation. By analyzing a multitude of factors, the system should generate the current market value of any artwork, along with buy/sell recommendations and a forecast for its future worth.

Building a working prototype will allow to validate the accuracy and interpretation capabilities of the system, demonstrating its real-world potential and paving the way for a commercially viable AI application.

Roadmap

Stage 1
08-09 2024
Final concept
Stage 2
10-11 2024
Confirmation of the concept feasibility
Stage 3
12 2024 ― 01 2025
Creation and testing of the application mockup
Stage 4
2025 02-03
Testing the application mockup by simulating real-world conditions
Stage 5
2025 04-6
Finished prototype
2025 Seed stage
Additional funding, product development, go-to market, product/market fit, marketing, team.
2027 Growth stage
Business model fit, scalability
2030 Late stage
Scalability

The project is implemented under the activity "Financial incentives for startups and subsidiaries to create AI, blockchain technology, robotic process automation products and solutions" of the progress measure "Stimulating the digitalization of enterprises" of the 2022-2030 Economic Transformation and Competitiveness Development Programme of the Ministry of Economy and Innovation of the Republic of Lithuania.

Co funded by EU New generation Lithuania
Project budget
Project implementation period
The project is implemented by

Team

Asta Ivanauskienė
Asta Ivanauskienė
Founder, CEO

Asta Ivanauskienė

Founder, CEO
Asta Ivanauskienė

App concept author and a visionary leader with an extensive experience in the cultural and museum sectors. Asta has successfully produced numerous art exhibitions and organised a variety of cultural events. Her expertise extends to museum collections management, exhibition development, educational activities, and publishing. Through her collaborative work with renowned institutions like the Louvre and others in Europe, the USA, and Japan, Asta has gained invaluable international experience and a deep understanding of global cultural trends.

Prof. Dr. Agnė Paulauskaitė-Tarasevičienė
Prof. Dr. Agnė Paulauskaitė-Tarasevičienė
Researcher

Prof. Dr. Agnė Paulauskaitė-Tarasevičienė

Researcher
Prof. Dr. Agnė Paulauskaitė-Tarasevičienė

The Head of the KTU Artificial Intelligence Centre and a Professor at the KTU Faculty of Informatics. She is currently actively involved in highlighting the importance of artificial intelligence (AI) in business, politics, curricula, public education programs, and social media.

Professor is one of the four Lithuanian scientists participating in the process of providing and evaluating the ethics and recommendations of UNESCO artificial intelligence. For 15 years, she has been a research and study mentor, co-author, and reviewer of scientific publications from international publishers.

Areas of research include machine learning algorithms, image processing technologies, AI ethics, Sustainable AI, and Explainable AI (XAI).

Gabrielė Lenkauskaitė
Gabrielė Lenkauskaitė
Project coordinator, brand strategist

Gabrielė Lenkauskaitė

Project coordinator, brand strategist
Gabrielė Lenkauskaitė

Creative and communication strategist with over 12 years of experience crafting impactful campaigns. With a strong background in strategy, project management and audience engagement, she excels at building distinctive brands with purpose.

Gabrielė was the producer of the award-winning cultural, architecture and tourism space Nemuno7 as well as communication strategist for multiple brands ranging from culture to sports.

Vilius Kerutis
Vilius Kerutis
Programmer

Vilius Kerutis

Programmer
Vilius Kerutis

Vilius is a senior RPA developer with over five years of experience working with leading automation tools like Blue Prism, UiPath, and A360. He holds both a bachelor's and a master's degree in Software Development Engineering from KTU, where he honed his technical skills and passion for innovation. Vilius has successfully led several complex automation projects, driving efficiency and innovation in diverse industries.

Outside of his professional life, Vilius enjoys the tranquility of hiking with his dog, and he is an avid Lego enthusiast, with his latest triumph being the intricate Titanic set. He also cherishes time spent with friends, whether they’re playing billiards, bowling, or competing in PlayStation games.

Mindaugas Packevičius
Mindaugas Packevičius
UI/UX designer

Mindaugas Packevičius

UI/UX designer
Mindaugas Packevičius

Web Frontend Developer and UI/UX Designer with a passion for creating intuitive and visually compelling digital experiences. His skills extend beyond design and development — Mindaugas also brings creativity to life through video editing, crafting engaging multimedia content that enhances the overall user experience. Combining technical expertise with a keen eye for design, he strives to deliver projects that are both functional and aesthetically pleasing.

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