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. :)
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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?
Hi @Tradealert..no. Did you? I've been in ETH and BTC mostly. I'm pretty conservative!
Ive been wondering how that project is going though. I see they're doing a token pre-sale right now. Thanks on the heads up.
"for every (1) ETH sent, you will receive 480 ART Tokens." hmmm..
Hey @scalerman, Yeah I took a small position into it, I've been monitoring their slack/telegram channel and they have a very active and enthusiastic community, still planning on dumping most of my tokens on price discovery though for instant profit but will certainly keep some as long term investment
Hey @tradealert! So you buy at 1/480 of an ETH and sell after trading starts? Ive never been involved in a token sale. Thanks on the info.
Heya @scalerman, so basically once a token (ART in this case) gets listed on an exchange, its price will go through price discovery as buyers and sellers (ICO contributors) will try to agree on a fair price, the price of a token is very volatile during price discovery (which can last a couple hours to something like a whole week) and can go up in value significantly so you can flip some of your ICO tokens for immediate profit. Personally , I usually flip enough tokens to cover my initial investment and I keep the rest of the tokens as long term investment or for future dump if the price goes crazy. So yeah it's usually a good idea to be in front of your computer when the tokens starts trading and sell into high orders :) hope this helps
:)