Aiming to Become the No. 1 Service in Asia for Expanding the Contemporary Art Market
TRiCERA, Inc., a company aiming to expand the contemporary art market (Headquarters: Minato-ku, Tokyo; Representative Director: Tai Iguchi; hereinafter “the Company”), announces the launch of "TRiCERA ART X", a revamped asset formation advisory service focused on trading high-value contemporary art, replacing the existing "TRiCERA Resale" service which facilitated secondary market transactions of contemporary art works.
Background of TRiCERA ART X Revamp
Since April 2023, TRiCERA has been offering "TRiCERA Resale," a service for secondary market transactions of high-value contemporary art, promoting transparent and objective market price information based on quantitative and qualitative analysis to facilitate fair trading and increased liquidity for contemporary art. Now, with the service renamed to "TRiCERA ART X," we have completely revamped it to become an asset formation support service.
While contemporary art investment is a promising option for diversified portfolios, its lack of accessibility due to information asymmetry and the need for specialized knowledge has hindered its widespread adoption in Japan. TRiCERA will leverage its dedicated advisors and its unique global network within the art industry to expand its support for customers' asset formation.
The service recorded a remarkable +420% year-on-year growth in the past six months (May-October 2024) and reached a record monthly transaction volume of approximately 250 million yen in October 2024. With this revamp, we aim to further highlight the asset formation aspects of contemporary art and establish TRiCERA ART X as the No. 1 service in Asia.
Overview of TRiCERA ART X
Market Price Quotation by Art Researchers
We provide market price estimations for individual contemporary art pieces based on our unique quantitative and qualitative analysis. Understanding the price background allows for confident purchases.
Catering to Both Buyer and Seller Needs
We serve both buyers seeking to invest in high-value works, possess valuable art, or diversify their assets, and sellers looking to quickly sell their pieces, minimize fees, or conduct private transactions.
One-Stop Service with Dedicated Advisors
Whether you are an experienced collector or a newcomer interested in art-based asset formation, we offer comprehensive support from recommending suitable artworks to purchase procedures, delivery, and installation.
Early Listing and Sales through Exclusive Networks
Leveraging our global network established since our inception, we support the early listing and sale of art pieces.
Official Website：https://www.tricera.net/ja/tricera-art-x
Refreshed Corporate Mission: "Bridging the value of art to the future."
Since our founding in November 2018, we have been building a system to connect and deliver art created worldwide, breaking down barriers of language and distance. We have now revamped our corporate mission to "Bridging the value of art to the future." We have clarified our mission by defining how TRiCERA should operate to preserve the works created by artists around the world for future generations.
Comment from Tai Iguchi, Representative Director of TRiCERA, Inc.
"TRiCERA ART X, our contemporary art asset formation advisory service, offers transparent and reliable trading by providing fair prices for art, which is often unclear and difficult to assess. By promoting fair transactions, TRiCERA will demonstrate that art is a sound asset, leading to market expansion. This growth and capital circulation will create a more conducive environment for artists, fostering their career development. I believe that this will contribute to the creation of a society where art endures for the future. By empowering individuals to experience the fulfillment of owning contemporary art and building a society where art thrives for future generations, we strive to enrich the world."
About TRiCERA
With a mission to "Bridging the value of art to the future," TRiCERA, Inc. is revolutionizing the contemporary art market. Through its "TRiCERA ART X" asset formation service based on high-value contemporary art, we aim to preserve works created by artists around the world for future generations by promoting transparent and objective market price information based on quantitative and qualitative analysis, facilitating fair trading and increased liquidity. Since opening an office in Taiwan in August 2024, we are actively expanding our operations beyond national borders, focusing on the Asian market.
Company Profile
Company Name: TRiCERA, Inc.
Representative Director: Tai Iguchi
Headquarters: The Wall 3F, 4-2-4 Nishi-Azabu, Minato-ku, Tokyo 106-0031
Founded: November 2018
Website: https://www.tricera.co.jp/
Business Activities: Operation of contemporary art asset formation advisory services, art galleries, and a global art marketplace.
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