My art dealer friend thinks fractionalized/blockchain art just wont work. We've been discussing it a bit lately. I have looked at the Maecenas website briefly but found it confusing. Good luck on this.
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My art dealer friend thinks fractionalized/blockchain art just wont work. We've been discussing it a bit lately. I have looked at the Maecenas website briefly but found it confusing. Good luck on this.
Interesting @scalerman, would you mind sharing what your friend thinks about the project, expert advice is always welcome :)
Hang on a day or 2..were meeting tomorrow. I'll ask. Cheers!
Awsome, thanks man :)
Ok. My art friend said several things: he feels the 1-50 million segment of the art market is very hard to value right now. Most of the interest today is in emerging artists/modern art or in over 50 million dollar value iconic works. He also feels fractionalized/securitized art takes away the emotional connection to the piece itself unlike say, the Green Bay Packers who are publicly owned but maintain a connection to a large group of investors through fan emotion. So he doubts many will invest in art that way. He feels the galleries and dealers involved in the Maecenas project are mostly just looking for buyers for their inventory, which was my take on it also. Hope this helps. :)
Hey @scalerman, thanks a lot for this, very interesting insight, might reconsider my investment size on this one, do you mind I include your comment in the core of the article (with proper credit of souse :)
Hey @tradealert, glad it helped. Its an interesting topic and sure, feel free to use whatever you want from it. Appreciate the credit..thanks! I'm gonna follow you so I can see any updates you post on this venture. :) Cheers!
hey @scalerman, did you end-up investing in Maecenas?
:)