Contemporary art meets forward thinking technology

The status quo for artwork authentication is failing

The age old method for artwork authentication relies on an analog self-reported method of tracking the chain of ownership, also called provenance, from the artwork studio to the most recent owner. Artists and collectors have been exploited by forgeries due to the lack of authentication.

Most recently, the largest art fraud in world history took place, imitating renowned Ojibwe artist Norval Morrisseau. More than 1,000 artworks were seized from a forgery ring relying on child labour.

Famed institutions are not immune to art fraud either. In 2022, the FBI seized 25 artworks said to be created by Jean-Michel Basquiat from the Orlando Museum of Art.

Artists deserve to get paid on every sale

In many countries without legislation, artwork will sell on the secondary market for 10x what the artist originally earned. They receive $0 of this upside. Even when artist resale rights are introduced, the fine print can block artists from getting paid.

Peggy’s authentication technology enables royalties for artists on all future sales.