In 2018, Maecenas will be launching the first open blockchain platform that democratizes access to fine art. Now people who have always dreamed of owning famous paintings can buy shares in a Picasso, Warhol, Monet, etc. On the flipside, galleries, museums, and collectors can offer up works from their collection for bid on Maecenas to raise money for the purchase of future works (while leaving their collection intact). This may sound like a regular art fund, but remember that blockchain cuts out the middleman, greatly reducing the transaction costs. The transaction cost with blockchain is so low that Maecenas can theoretically let you invest as little as fractions of a penny using cryptocurrency without taking the hit of transaction fees. Maecenas shares the use case below on their website. It does a nice job of illustrating the savings that occur with using blockchain versus traditional transactions.
There were five of us at the event and at times people had to queue before they could talk to us. Having such strong validation from an international audience comprising top auction houses, private collectors, galleries, family offices and investors is very motivating — we can’t wait to launch our pilot next year!
Art investment without intermediaries.
Maecenas offers the most competitive fees in the fine art market.
Access to Masterpieces and Art Funds
Safe Storage and Insurance
Real-time Trading of Art Shares
Cryptographic Art Provenance (Blockchain)
Transparent Transactions via SmartContracts
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