Deep Learning for Art Market Valuation

We study how deep learning can improve valuation in the art market by incorporating the visual content of artworks into predictive models. Using a large repeated-sales dataset from major auction houses, we benchmark classical hedonic regressions and tree-based methods against modern deep architectures, including multi-modal models that fuse tabular and image data. We find that while artist identity and prior transaction history dominate overall predictive power, visual embeddings provide a distinct and economically meaningful contribution for fresh-to-market works where historical anchors are absent. Interpretability analyses using Grad-CAM and embedding visualizations show that models attend to compositional and stylistic cues. Our findings demonstrate that multi-modal deep learning delivers significant value precisely when valuation is hardest, namely first-time sales, and thus offers new insights for both academic research and practice in art market valuation.

A Multi-scale Fused Graph Neural Network with Inter-view Contrastive Learning for Spatial Transcriptomics Data Clustering

Spatial transcriptomics enables genome-wide expression analysis within native tissue context, yet identifying spatial domains remains challenging due to complex gene-spatial interactions. Existing methods typically process spatial and feature views separately, fusing only at output level - an "encode-separately, fuse-late" paradigm that limits multi-scale semantic capture and cross-view interaction. Accordingly, stMFG is proposed, a multi-scale interactive fusion graph network that introduces layer-wise cross-view attention to dynamically integrate spatial and gene features after each convolution. The model combines cross-view contrastive learning with spatial constraints to enhance discriminability while maintaining spatial continuity. On DLPFC and breast cancer datasets, stMFG outperforms state-of-the-art methods, achieving up to 14% ARI improvement on certain slices.