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The Economic Consequences of Generative AI on the Art Market
De Cooman, Jérôme
2023
 

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Keywords :
Generative AI; artificial intelligence; AI Act; regulation; rules of origin; lemons problem; copyright
Abstract :
[en] When an art buyer cannot establish with certainty the origin of the work, namely when there is a risk that the purchase transaction concerns a forgery and not a genuine artwork, the buyer adjusts her willingness-to-pay based on the average probability that the artwork is authentic. Given that the artistic outputs of generative artificial intelligence system are indistinguishable from human-made ones, this blogpost argues there is a risk that the latter will be devalued. This would be especially true given that the market value of machine-enabled artwork is expected to be lower than the human-made one. Art authentication could solve the problem, but law- and policymakers should be aware that such rule of origin cannot be dyadic given that some machine-enabled artworks owe their existence more to the human user of GenAI than others.
Disciplines :
European & international law
Author, co-author :
De Cooman, Jérôme  ;  Université de Liège - ULiège > Cité
Language :
English
Title :
The Economic Consequences of Generative AI on the Art Market
Publication date :
10 September 2023
Available on ORBi :
since 14 December 2023

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