Traditional primary-market galleries should seize the opportunity to introduce transparency and build trust in order to attract a young generation of buyers and retain artists through a more nuanced revenue generation model. Real-world art tokenization would enable individuals and organisations to create a digital proof of ownership, authentication, price transparency, transaction history, fractional ownership, financing, lending, etc. There is a strong disconnect between an art industry behind an opaque veil and the thirst of a new audience eager to claim an active role, engage in their own terms and benefit from it.
Art Collecting inspired by Warren Buffett’s Investment Philosophy and Auction Highlights during Frieze Week
What is good for Warren Buffett is good for art. Frieze week is around the corner and the inevitable questions about the art market come up. Is it the right time to buy art? Will a purchase sustain its value?