They are likely to become partners and build good relationships with them. They are mostly creating a new market to cater for players who are underserved. The traditional collectors who want to physically own artworks will continue to use the existing service providers that they have today because Maecenas can’t help them in that regard.

we have a pipeline of artworks worth circa ~$100m which qualify for the platform.

Check out their FAQ Medium Blogpost
https://medium.com/maecenas/maecenas-faq-6bec8ae49997

yes correct.

nice ! thanks for the support gast. please join our growing telegram community
https://t.me/maecenasart

hello Azarola, not sure what you mean by crypto keys. You mean smart contract?

No plans yet. But will look into these in the future

Thank you Pie Man ! Please join our growing Telegram Community
https://t.me/maecenasart

For emerging artists they will have to come up with a completely different strategy. This is not something that they have yet worked out as it's not our focus at the moment.

Thank you zhang, here check this out
https://www.maecenas.co/how-it-works/

Checkout their Medium FAQ here
https://medium.com/maecenas/maecenas-faq-6bec8ae49997

Hello Captain Jack. Let me give an example:

Let’s say there’s only 100 shares available.

A bids to buy 10 shares at $200 each. B bids to buy 150 shares at $50 each.

The Dutch auction algorithm will find the best price per share. There’s many algorithms, but the simplest one is to pick the lowest price that sells all the shares.

In our example that price is $50. So A gets 10 shares at $50. B gets 90 shares at $50 each. A tried to pump up the price but failed. However, since A’s bid was higher than B’s, A is first in line to be allocated the shares.

Now, say if instead, A had bid $11 for 100 shares and B had bid $10 for 100 shares. Even though the winning price is $10, it is A who will get all the shares. So there’s an incentive to bid higher to get priority in the line. But at the same time you’ll still be awarded a fair price.

You can also check online for more examples on how dutch auctions work.

Hey Beahelm, fire it away if you have any questions. You can also join our growing telegram community
https://t.me/maecenasart

It’ll be stored in freeport (Refer: http://lexicon.ft.com/Term?term=freeport). Warhol won’t leave the freeport straight away but it is on its way to achieve freedom. Freeports have a very tight security so public viewing won't be possible, only for investors and guests of investors. However, the artworks could be leased out to museums for public viewing, for a fee, which will then be paid as dividend to investors.

Hello ecka, One million in total represents 100% of the artwork. So cap would be at 490K shares as max 49% shares can be sold.

ICO done last year around october. They just had their first fine artwork auctioned in blockchain. They still have a pipeline of artworks worth circa ~$100m which qualify for the platform to be auctioned in the future

Thank you Zella. Yes you have a point. The better the interest the better the community

Hello ComSilver, yes you can use the platform. But you have to be KYCd approved inorder to access full details on art pieces on sale

Thank you Buzalas. Come join us on our growing telegram community
https://t.me/maecenasart

Tokenization of art in blockchain