(PRNewsfoto/iownit)
(PRNewsfoto/iownit)
NEW YORK, July 26, 2022 /PRNewswire/ -- ARTBnk, a leading source of valuation, financial performance, and liquidity data on the global art market, completed the sale of its first fractional ownership of art using iownit's blockchain platform.
The completed offering Günther Förg's Ohne Titel at USD $950,000.00, shares were sold in a private placement, priced at USD $500 per unit with a minimum investment of USD $5,000. The companies anticipate the launch of numerous additional offerings in the coming year.
Fractionalization is the next step toward making the art market more accessible and transparent for investors
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"Fractionalization is the natural next step in our mission to make the art market more accessible and transparent." said ARTBnk CEO Jamie Lafleur. ARTBnk's technology allows anyone, regardless of experience, to determine the fair market value of a piece of art. Our fractionalization of offerings provides an avenue to...
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