Art token is a project or a more transparent art industry.
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We talked about this token last week, but new details are now emerging about this initiative, which links works of art with cryptocurrencies.
Maecenas, a company that has launched a token for the management and sale of art objects, in agreement with London auction house Didiani Syndicate will put on sale a work by the famous Pop Art artist, Andy Warhol, at the end of June.
The work, on sale at 49%, can be paid for in ethereum, bitcoin, or in Maecenas’ own token, ART.
The work in question is entitled “14 Small Electric Chairs” and, in the typical style of the author, reproduces 14 facsimile reproductions of chairs for the death penalty.
This work was completed in 1980 and exhibited in Zurich, Vienna, Hamburg and Seoul.
This work is also important for its dimensions of more than two meters in width and it is estimated that it is worth about 5.65 million dollars, with an auction base of 4 million.
Dadiani Syndicate and Maecenas can be a turning point for the art world, so far characterized by great opacity in costs and mediations, as well as uncertainties in the authenticity of many works, especially by modern artists.
Dadiani is a very famous art gallery in London, located in Cork Street, in the artistic district of Mayfair in London, whose animator is Eleesa Dadiani.
Maecenas is a token that was created as a platform for the marketing of rights to works of art, not only through auctions with very low costs but also as a place where you can rent works of art or invest with shares at minimal transactional costs.
Currently the Maecenas token, ART, capitalizes about 25 million dollars and is listed on HitBTC and Ibex with a low liquidity, but the launch of the new platform for works of art, combined with some breaking initiative like this, could lead to the ignition of interest in a project that promises to revolutionize the entire industry.