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Author Topic: [ANN] [ART] Maecenas: First ever fine artwork to be auctioned on the blockchain!  (Read 4076 times)
marco.polo.hodls
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July 30, 2018, 11:22:32 AM
 #41

Is there a mechanism for a painting sold for ART to be resold to a single owner. Eg. someone buys shares in the Warhol but loses the private key, how can a future investor fully own the piece?

Yes this is covered in the terms of the SPV when it's created. They know the identity of everyone who co-owns the Warhol so you can never lose your investment due to technical problems because there is an offline old fashioned paper record of it in custody of an official agent.
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Some PGP public keys you should import: theymos, Wladimir, Gregory, Pieter
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July 30, 2018, 11:26:41 AM
 #42

i’m so obsessed with contemporary art so it is tremendously good news. andy would be glad that his art stands at the forefront of modern tech
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July 30, 2018, 11:27:54 AM
 #43

So, it is just a basic auction of the ART that stored in the blockchain? But what if the auction was taking bids off?

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marco.polo.hodls
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July 30, 2018, 11:29:35 AM
 #44

How many Art Token do I get with 5.000 USD? & How the exchange rate between USD and Art token is fixed? How are calculated the transaction costs?

How many Art Token do I get with 5.000 USD?
-You don't get any ART tokens for $5,000. The investment you make is for fractions of the Andy Warhol artwork.

How the exchange rate between USD and Art token is fixed?
How are calculated the transaction costs?

-Not possible to peg the price in a free market. It's about the cost of transaction really. Each transaction has an overhead and produces a certain revenue. The investment amount has to be above break even.
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July 30, 2018, 11:35:01 AM
 #45

Is there a mechanism for a painting sold for ART to be resold to a single owner. Eg. someone buys shares in the Warhol but loses the private key, how can a future investor fully own the piece?

Yes this is covered in the terms of the SPV when it's created. They know the identity of everyone who co-owns the Warhol so you can never lose your investment due to technical problems because there is an offline old fashioned paper record of it in custody of an official agent.

Is it therefore not possible to anonymously own a piece of art if bought on Maecenas? There is always someone who has the information right?

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July 30, 2018, 11:36:25 AM
 #46

Looks like wonderful experience of investment. But can I learn more about security of transactions and masterpieces at the end?
marco.polo.hodls
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July 30, 2018, 12:00:02 PM
 #47

Is there a mechanism for a painting sold for ART to be resold to a single owner. Eg. someone buys shares in the Warhol but loses the private key, how can a future investor fully own the piece?

Yes this is covered in the terms of the SPV when it's created. They know the identity of everyone who co-owns the Warhol so you can never lose your investment due to technical problems because there is an offline old fashioned paper record of it in custody of an official agent.

Is it therefore not possible to anonymously own a piece of art if bought on Maecenas? There is always someone who has the information right?

They can. But they won't necessarily get a better deal if they want to, because by buying shares they would push the price up
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July 30, 2018, 12:51:26 PM
 #48

Looks like wonderful experience of investment. But can I learn more about security of transactions and masterpieces at the end?
you don’t get what security mean, but there is a safe storage for actual paintings and all possible protection of operations with blockchain
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July 30, 2018, 02:38:11 PM
 #49

I am a huge fan of art and was so excited to find this platform, where you can see a lot of spectacular artworks and even invest in art to make some money  Cool
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July 30, 2018, 02:49:28 PM
 #50

I see this project has a good concept. hopefully the project can be successful
marco.polo.hodls
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July 31, 2018, 12:47:02 AM
 #51

I see this project has a good concept. hopefully the project can be successful


thank you !!  Wink
Join our growing telegram community https://t.me/maecenasart
marco.polo.hodls
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July 31, 2018, 12:58:09 AM
 #52

I am a huge fan of art and was so excited to find this platform, where you can see a lot of spectacular artworks and even invest in art to make some money  Cool

Glad to have you onboard Moto Angel. Please join our growing telegram community https://t.me/maecenasart
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July 31, 2018, 05:58:36 AM
 #53

Hi! where can we see the list of the masterpieces that's about to be auctioned?
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July 31, 2018, 06:25:41 AM
 #54

Do you have any plans for marketing/community growth?
marco.polo.hodls
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July 31, 2018, 06:30:20 AM
 #55

Hi! where can we see the list of the masterpieces that's about to be auctioned?

They have a pipeline of artworks worth circa ~$100m which qualify for the platform.
marco.polo.hodls
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July 31, 2018, 06:40:51 AM
 #56

Do you have any plans for marketing/community growth?

They have zero plans to create artificial hype. However, they do have a marketing plan to promote the platform and the token ecosystem
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July 31, 2018, 06:47:19 AM
 #57

Do you have any plans for marketing/community growth?

They have zero plans to create artificial hype. However, they do have a marketing plan to promote the platform and the token ecosystem

 I don’t understand dutch auctions. Can you share an example?
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July 31, 2018, 07:03:39 AM
 #58

Maecenas have a potential to become the largest decentralize art gallery in the world.
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July 31, 2018, 07:41:22 AM
 #59

Investing in art is considered a reliable and safe store of value, and it is even more safe because they use cryptocurrency. Love this project Wink
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July 31, 2018, 09:02:37 AM
 #60

This is one of the best project so far, I believe it will be successful so I will be promoting this and help spread the good news
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