marco.polo.hodls (OP)
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July 24, 2018, 09:11:40 PM
Last edit: July 25, 2018, 10:41:16 AM by marco.polo.hodls |
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After the successful Token Generation Event last year in Oct 2017 raising 50,744 ETH, Maecenas is gearing up for its beta launch! Andy Warhol’s 14 Small Electric Chairs (1980) will be the first ever fine artwork to be tokenized and auctioned on the Maecenas art blockchain platform from 25th July 2018!
Prospective participants must create an account with Maecenas in order to participate in the online auction. A limited number of users will be allowed to participate in the beta launch. The artwork will then be put on auction via a Dutch Auction process starting at 10AM CEST on Wednesday, 25th of July 2018, in which the final price per fractional unit will be determined by a Smart Contract. Both the initial sale and any subsequent buying and selling of these fractional units are tracked on a blockchain.
Andy Warhol (American, 1928 - 1987)
14 Small Electric Chairs Reversal Series
silkscreen ink and polymer paint on canvas
Dated 1980 on the overlap (reverse, upper left corner)
202 x 82 cm (79 3/4 x 32 1/6 in)
Up to 49% ownership interest in the painting will be made available for purchase in the auction. Part of Warhol’s acclaimed “Reversal” series, the iconic painting is currently valued at US$5.1M - US$5.6m. Buyers will be able to purchase digital certificates on the blockchain representing fractional ownership in the painting using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Maecenas’ native cryptocurrency, ART. The final auction price for each painting share will be determined by a Smart Contract run on Ethereum, notably one of the fairest and most transparent pricing mechanisms to date on the blockchain. It is the first time that a work of art from an internationally renowned artist will be sold using blockchain technology.
 Eleesa Dadiani, the founder of Dadiani Syndicate, will be auctioning 14 Small Electric Chairs by Andy Warhol on the Maecenas art investment platform. "For the first time ever high-value, blue-chip artworks will be available for everybody to own utilising the unique technology platform developed by Maecenas. You can now own a piece of history! This is not a divisive strategy but a win-win for all. Beyond this, Maecenas and Dadiani are launching the world's largest and first tokenised art fund through the blockchain. This will simplify and expand art investment even further. Our shared vision is being implemented in the most exciting way - now we both look forward to embracing the resulting evolution of art investment.” - Eleesa Dadiani, founder of Dadiani Syndicate  | If you would like to be part of this landmark auction please check out this step by step starter guide on how to sign up on their platform. If you have any questions feel free to ask them here or join their telegram group.
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“A new online marketplace that promises to give art lovers the chance to buy shares in famous paintings.” — The Telegraph
“Blockchain platform Maecenas democratizes access to fine art investment. It converts million-dollar artworks into smaller, financial units that can be bought and sold easily — literally at a fraction of the cost.” — International Business Times
“….could “guarantee” provenance documentation, validated by market players rather than a central authority.” — Financial Times
“Maecenas, an online marketplace that will enable art owners to sell shares in their expensive works of art (worth more than $1m) and raise money far more cheaply than they could through a bank.” — BBC
In the PRESSTop 10 Benefits of using Maecenas How the Maecenas machine works? Videos:Articles:Connect with Maecenas |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Potchii
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July 25, 2018, 07:17:15 AM |
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"first-ever artwork to be tokenised and to be sold using blockchain technology" Nice. I hope this project will be successful.
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BitPotus
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July 25, 2018, 07:23:10 AM |
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fair enuff for making art accessible to mere mortals. but these fucking painitings aren't worth millions......  |
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marco.polo.hodls (OP)
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July 25, 2018, 07:40:38 AM |
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"first-ever artwork to be tokenised and to be sold using blockchain technology" Nice. I hope this project will be successful.
Thank you for your wishes! One of the few blockchain projects who are building real stuff. Feel free to join their telegram to talk to the team/community! |
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marco.polo.hodls (OP)
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July 25, 2018, 07:42:19 AM |
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fair enuff for making art accessible to mere mortals. but these fucking painitings aren't worth millions...... Haha! Well the good thing about this auction is price discovery will be done by the open market as the tokens become tradeable on maecenas platform. So if it's really not worth millions or not, the community will decide just like bitcoins or anything else in the market. Blockchain will make the price fair and transparent  |
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marco.polo.hodls (OP)
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July 25, 2018, 07:48:25 AM |
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Looking forward to the auction results and performance. This could finally validate one of the many blockchain use cases  Totally! Super excited to see the results! This is just the beginning IMO! Such auctions will keep happening resulting in excitement every now and then |
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p3ppymon
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July 25, 2018, 07:48:41 AM |
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At last, something new has appeared in this forum. Well done devs.
I have a few questions: how do you source your masterpieces? I presume you bought a few or is the community holders willing to auction their pieces? On the basis of what parameter you fix the fee (which is quite low by the way)? Lastly, any major masterpiece you have available for the boom launch?
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marco.polo.hodls (OP)
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July 25, 2018, 08:38:47 AM |
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At last, something new has appeared in this forum. Well done devs.
I have a few questions: how do you source your masterpieces? I presume you bought a few or is the community holders willing to auction their pieces? On the basis of what parameter you fix the fee (which is quite low by the way)? Lastly, any major masterpiece you have available for the boom launch?
They source their masterpieces via private collectors and galleries who want to retain ownership of the artworks but see value in selling a percentage (up to 49%) to get some liquidity. They already have a very long pipeline of works from well-known artists. Their fees are lower than the current art market fees as a result of the efficiencies achieved through the use of blockchain technology and an automated digital platform. |
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Virtual-Money
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July 25, 2018, 08:45:08 AM |
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After the successful Token Generation Event last year in Oct 2017 raising 50,744 ETH, Maecenas is gearing up for its beta launch! Andy Warhol’s 14 Small Electric Chairs (1980) will be the first ever fine artwork to be tokenized and auctioned on the Maecenas art blockchain platform from 25th July 2018!
Prospective participants must create an account with Maecenas in order to participate in the online auction. A limited number of users will be allowed to participate in the beta launch. The artwork will then be put on auction via a Dutch Auction process starting at 10AM CEST on Wednesday, 25th of July 2018, in which the final price per fractional unit will be determined by a Smart Contract. Both the initial sale and any subsequent buying and selling of these fractional units are tracked on a blockchain.
Andy Warhol (American, 1928 - 1987)
14 Small Electric Chairs Reversal Series
silkscreen ink and polymer paint on canvas
Dated 1980 on the overlap (reverse, upper left corner)
202 x 82 cm (79 3/4 x 32 1/6 in)
Up to 49% ownership interest in the painting will be made available for purchase in the auction. Part of Warhol’s acclaimed “Reversal” series, the iconic painting is currently valued at US$5.1M - US$5.6m. Buyers will be able to purchase digital certificates on the blockchain representing fractional ownership in the painting using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Maecenas’ native cryptocurrency, ART. The final auction price for each painting share will be determined by a Smart Contract run on Ethereum, notably one of the fairest and most transparent pricing mechanisms to date on the blockchain. It is the first time that a work of art from an internationally renowned artist will be sold using blockchain technology.
Eleesa Dadiani, the founder of Dadiani Syndicate, will be auctioning 14 Small Electric Chairs by Andy Warhol on the Maecenas art investment platform. "For the first time ever high-value, blue-chip artworks will be available for everybody to own utilising the unique technology platform developed by Maecenas. You can now own a piece of history! This is not a divisive strategy but a win-win for all. Beyond this, Maecenas and Dadiani are launching the world's largest and first tokenised art fund through the blockchain. This will simplify and expand art investment even further. Our shared vision is being implemented in the most exciting way - now we both look forward to embracing the resulting evolution of art investment.” - Eleesa Dadiani, founder of Dadiani Syndicate | If you would like to be part of this landmark auction please check out this step by step starter guide on how to sign up on their platform. If you have any questions feel free to ask them here or join their telegram group.
|
“A new online marketplace that promises to give art lovers the chance to buy shares in famous paintings.” — The Telegraph
“Blockchain platform Maecenas democratizes access to fine art investment. It converts million-dollar artworks into smaller, financial units that can be bought and sold easily — literally at a fraction of the cost.” — International Business Times
“….could “guarantee” provenance documentation, validated by market players rather than a central authority.” — Financial Times
“Maecenas, an online marketplace that will enable art owners to sell shares in their expensive works of art (worth more than $1m) and raise money far more cheaply than they could through a bank.” — BBC
In the PRESSTop 10 Benefits of using Maecenas How the Maecenas machine works? Videos:Articles:Connect with Maecenas im seeing a great future for this project, do you have an airdrop prepared for this project? |
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marco.polo.hodls (OP)
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July 25, 2018, 09:13:40 AM |
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im seeing a great future for this project, do you have an airdrop prepared for this project? No airdrop planned as of now. |
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Wandaline
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July 25, 2018, 04:20:48 PM |
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Will this project become an avenue for up-and-coming artists in the future? Or only for established artists and their works?
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Rosa bella
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July 25, 2018, 05:49:03 PM |
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This is a great project. When are you going to list on exchanges and what are they?
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AmoreJaz
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July 25, 2018, 10:45:56 PM |
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fair enuff for making art accessible to mere mortals. but these fucking painitings aren't worth millions...... Haha! Well the good thing about this auction is price discovery will be done by the open market as the tokens become tradeable on maecenas platform. So if it's really not worth millions or not, the community will decide just like bitcoins or anything else in the market. Blockchain will make the price fair and transparent bottomline is, only the dev team will gain huge money from this. they already raised thousands of eth, yet they are still getting money from these auctions. people will own a very small fraction of that art but reality check he can never own that art. they are just mere traders of this token. dont dream that one day, you can get a glimpse of the painting or hold it in your hands. just saying |
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BatGirl102993
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July 26, 2018, 01:42:47 AM |
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tarayqueen
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July 26, 2018, 02:09:34 AM |
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I would like to know if there will be a secondary market for the artwork shares. If it will not be possible to sell shares, it will be a very illiquid investment, right?
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BatGirl102993
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July 26, 2018, 02:29:31 AM |
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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?
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tarayqueen
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July 26, 2018, 04:34:36 AM |
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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?
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tarayqueen
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July 26, 2018, 08:35:09 AM |
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Is there a blockchain showing me the information about authenticity? Im too curious about this and It will be possible for buyers to see the artwork physically after the sale?TIA =)
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DrexzKirby03
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July 26, 2018, 10:07:34 AM |
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When can we expect a YouTube video? When?
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