Proof of Usefulness Report

Prinseps Auctions

Analysis completed on 1/28/2026

+42
Proof of Usefulness Score
You're In Business

Prinseps Auctions is a legitimate, Mumbai-based auction house established in 2017, specializing in modern Indian art and luxury collectibles. While the submission data was of extremely poor quality (claiming 'most people' have used it and 'everyone' is the audience), independent verification confirms the business generates approximately $700k-$1.5M USD in annual revenue and pioneered the first NFT auction in India in 2022. However, as a technology project, it remains a niche boutique operation with limited digital scale compared to high-growth tech platforms. The low score reflects the niche nature of the business and the unreliable claims in the submission.

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Score Breakdown

Real World Utility+80
Audience Reach Impact+25
Technical Innovation+50
Evidence Of Traction+60
Market Timing Relevance+50
Functional Completeness+10
Subtotal+38.75
Usefulness Multiplierx1.08
Final Score+42

Project Details

Project URL
Description
Investment grade collectibles including art and antiquities, jewelry and accessories, furniture and design.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline