production
white river
Models refreshed weekly to fortnightly

Quantitative infrastructure for art finance.

The public auction record overstates art returns and understates risk — in a known direction, by documented amounts. We statistically correct it, and score sell-through risk, guarantee exposure, and comparable sales against a hard test: does the model beat what counting alone already gives you? Uncertainty is stated, not buried. Validated out-of-sample — including the lots that failed to sell.

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StageInvite-only pilot
Auction records0
Modeled artists0
Risk desks0
Refresh cadenceWeekly–14d
Sample model reads
Cy Twombly — Untitled (Bacchus)Clearingclears 68% · +/-1.5ppcalibrated
Ed Ruscha — Standard StationGuarantee Pricing90% band $1.2 - 2.6Mnominal 90%
Gerhard Richter — A.B. CourbetLiquidity-at-Riskartist clearing rate 81%measured over offered
Diversified book — 30 lotsBook PML90% book band 0.51 - 1.69xfailure-complete

Illustrative outputs · intervals drawn as stated · live surfaces are invite-only during the pilot

Built for the people who have to put a number in writing — lenders, guarantors, advisors, appraisers, and underwriters — when the raw auction record isn’t evidence enough.

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Pilot — by invitation.

Sign-up is locked to the pilot cohort. We send codes as seats open.

White River Research — Quantitative infrastructure for art finance