Want To Own A Square Inch Of A Warhol?
The Art Newspaper: ‘Over the past year or so, a growing number of new investment platforms are touting “fractional ownershipâ€, or tokenization of art, most using blockchain technology, to allow the small investor to own a small part of a work of art. The idea is that dividing ownership of an asset (in this case a work of art) and selling it via tokens, leads to greater liquidity in the marketplace and enables the small investor to share in price rises.’ (Pictured is Warhol’s “14 Small Electric Chairs),” 1980. The pitches from these start-ups all emphasize what they say is a freeing up of the art world. “Opening the doors to top-tier, A-class art investment†promises Masterworks. Maecenas will “democratise access to fine artâ€. Look Lateral “makes the market more transparent, accessible and liquidâ€. Everyone can be part of the game.
