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.
Collecting Photography
PhotoLondon fair is opening to the public this Thursday at Somerset House in London. This means photography exhibitions, talks, events and auctions galore. I have created a little collectors’ checklist as well as some highlights of the auctions coming up.