TERMS OF USE | Benchmark Indices for the Art Market

Independent Art Market analysis since 1978

AMR Indexes – Terms and Conditions of Use

Supply and licensing of the AMRD service is subject to terms and conditions which follow, and which actively form this Agreement, (provided that in the event of any discrepancy or ambiguity, the terms of this schedule shall prevail) and ‘Agreement’ shall be construed accordingly.

1. Definitions For the purposes of these Terms:

“Website” refers to www.artmarketresearch.com and all associated web pages.
“Services” refers collectively to:
- “Create an Index” – an online application that enables subscribers to generate charts showing time series analysis of auction prices for individual or groups of artists and download CSV or PDF documents.
- “Revaluart” – a service that provides free and paid access to charts displaying the number, location, and price records for works by artists sold at auction, along with a valuation tool allowing users to estimate the current value of an artwork based on historical price data.
- “All Art Index Family” – a service that provides users access to a collection of art market indices through a series of charts.
“All Users” refers to any business entity or individual using the free Services for commercial or analytical purposes and includes Authorised Users.
“Authorised User” refers to any business entity or individual who has paid a subscription or purchased an individual report via a third-party payment gateway and is using the Services for commercial or analytical purposes.
“Subscription” refers to any paid access plan to the Services.
“Data” refers to all content, charts, price records, and valuation results made available through the Services.
“Output” refers to any CSV, PDF, or other files downloaded or generated from the Services.

2. Acceptance of Terms

2.1. By accessing and using the Website and Services, Users agree to be bound by these Terms and Conditions.

2.2. If Users do not agree to these Terms, they must immediately cease using the Website and Services.

2.3. Continued use of the Website constitutes acknowledgment and acceptance of these Terms, including any future modifications.

3. Permitted Use

3.1. Authorised Users are granted a limited, non-exclusive, non-transferable right to access and use the Services for internal business purposes only.

3.2. Data and insights obtained through the Services may be used for internal analysis, research, and strategic decision-making but may not be republished, redistributed, or resold in any form.

3.3. Authorised Users may download CSV and PDF files for their internal use but may not alter, modify, or manipulate the data for the purpose of commercial resale.

3.4. Automated data scraping, data mining, or any other unauthorized access to the Services is strictly prohibited.

3.5. All Users are strictly prohibited from using the Services for brokerage services, commercial resale, dissemination, or any other form of exploitation with the intention of generating monetary reward.

3.6. Users may not share, distribute, sublicense, or otherwise make the Services available to third parties in any manner, including but not limited to, by means of online platforms, data sharing agreements, or any other method that results in unauthorized access or reproduction of the Services.

4. All User Obligations

4.1. All Users must ensure that their use of the Services complies with all applicable laws and regulations.

4.2. All Users agree not to share, transfer, or sublicense their access credentials to third parties.

4.3. All Users must maintain the confidentiality of any login credentials and are solely responsible for all activity occurring under their accounts.

4.4. Any misuse or unauthorized use of the Services may result in immediate termination of access without refund.

4.5. All Users must not attempt to reverse engineer, modify, or tamper with the software or database underlying the Services.

4.6. All Users acknowledge that while the Services aim to provide accurate and up-to-date data, we do not guarantee the completeness or accuracy of the information, and customers should exercise their own judgment in interpreting the results.

4.7. All Users are encouraged to consult with art experts and investment professionals before making any buying or selling decisions. Past performance is not an indication of future results. Returns shown in the Services may not represent the results of actual sales transactions.

4.8. All Users must treat all digital documents accessed and/or downloaded through the Services as confidential. These documents may not be shared, distributed, republished, or otherwise disclosed to third parties without explicit written consent from Art Market Research Developments Ltd. All Users are responsible for ensuring that these documents are securely stored and not used in any unauthorized manner.

5. Payment and Refund Policy

5.1. All payments must be made in full at the time of purchase for any paid component of the Services.

5.2. Transactions for the Create an Index Service must be made via bank transfer. Subscription details and payment instructions will be provided upon request.

5.3. Transactions for the Revaluart and All Art Index Family Services are processed through a secure third-party payment gateway.

5.4. Due to the nature of digital content, all sales are final. Refunds will not be provided unless required by law.

6. Limitation of Liability

6.1. The Services are provided “as is” without any warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, accuracy, or non-infringement.

6.2. We do not guarantee the accuracy, reliability, or completeness of the Data, and we are not responsible for any decisions made based on the use of the Services.

6.3. Under no circumstances shall we be liable for any direct, indirect, incidental, consequential, or special damages, including but not limited to lost profits, business interruptions, or data loss arising from the use or inability to use the Services.

6.4. We are not responsible for any errors, omissions, or failures in the Services due to external factors such as network failures, third-party service disruptions, or cybersecurity threats.

6.5. Our total liability for any claim related to the Services shall not exceed the total amount paid by the Customer for the Service in the 12 months preceding the claim.

6.6. The Services do not constitute an “investment advertisement” as defined under Section 57 of the Financial Services Act 1986. The information provided through the Services is for general informational purposes only and should not be considered financial, investment, or legal advice.

7. Access and Availability

7.1. We strive to ensure uninterrupted access but do not guarantee that the Services will always be available or error-free.

7.2. Temporary disruptions may occur due to maintenance or unforeseen technical issues.

8. Intellectual Property

8.1. All content within the Services, including text, charts, databases, and software, is our intellectual property and is protected by applicable copyright and trademark laws.

8.2. “Revaluart,” is a registered trademarks of Art Market Research Developments Ltd. Any unauthorized use of this trademarks is strictly prohibited.

8.3. Customers acknowledge that all proprietary rights, including but not limited to patents, trademarks, copyrights, trade secrets, and database rights, remain solely owned by Art Market Research Developments Ltd and that no rights or licenses are granted beyond those expressly outlined in these Terms.

8.4. Use of the content outside the granted license is prohibited without prior written permission.

9. Modifications to Terms

9.1. We reserve the right to update these Terms at any time. Any changes will be posted on this page, and continued use of the Services constitutes acceptance of the revised Terms.

10. Governing Law

10.1. These Terms shall be governed by and construed in accordance with the laws of the jurisdiction of the United Kingdom.

11. Contact Information For any inquiries regarding these Terms, please contact us at admin@artmarketresearch.com or Art Market Research Developments Ltd, 34 Breton House, Barbican EC2Y 8DQ

These terms were last updated in March 2025.