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Author Topic: [ANN] [ART] Maecenas: First ever fine artwork to be auctioned on the blockchain!  (Read 4136 times)
Beahelm
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August 15, 2018, 01:38:28 PM
 #141

Well, this thing looks very suitable for my investment strategy. But I have some questions
I think it is a right place to ask
I just want toknow what is the major difference from usual auction if I wanna to buy, for example, the whole painting?
you're really gonna buy whole painting?
Like I said - just asking. Not Warhol, but maybe I want something else.
seems too overconfident, but yes, i think, you can just buy all shares. if you need, of course
Thank you, pal  Grin
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marco.polo.hodls
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August 16, 2018, 12:03:06 AM
 #142

Hi guys! How many shares exist for the artwork? How many tokens are capped?

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.
marco.polo.hodls
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August 16, 2018, 12:04:48 AM
 #143

If someone were to tokenize the shares of a piece of art (Lets say an Andy Warhol painting).  Who has physical possession of that piece of art?  Who is in charge of taking care of it?  Does Maecenas take possession of the piece?  What happens if that piece of art is stolen or damaged?

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.
marco.polo.hodls
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August 16, 2018, 12:05:53 AM
 #144

Well, this thing looks very suitable for my investment strategy. But I have some questions

Hey Beahelm, fire it away if you have any questions. You can also join our growing telegram community
https://t.me/maecenasart
marco.polo.hodls
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August 16, 2018, 12:07:47 AM
 #145

Hi, I have one question: how the Maecenas trade platform will work?

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.
Bumper_Butt
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August 16, 2018, 07:30:19 AM
 #146

But I wonder how can I earn money using your platform?
TwinBird23
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August 16, 2018, 07:36:57 AM
 #147

An open, agile platform can energise art markets and bring millions of investors off the sidelines. Thanks a lot, devs are true geniuses Cool
The team will be very happy to hear it.
Maecenas offers the most competitive costs in the art market, and the Maecenas Platform makes it possible to build and manage liquid portfolios that are supported by art, thus eliminating the costs associated with investing in physical art.
Ggolcoy
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August 17, 2018, 10:46:29 AM
 #148

I think it is great to build blockchain art auction on crypto and provide real people with all information and proper price discovery mechanisms.
Hucama
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August 17, 2018, 11:57:41 AM
 #149

It would be nice to widen art collection with good old Andy. And no needs to worry about my funds Cheesy
Captain_Killer
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August 17, 2018, 12:36:01 PM
 #150

It would be nice to widen art collection with good old Andy. And no needs to worry about my funds Cheesy
Are you going to invest?
marco.polo.hodls
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August 18, 2018, 12:33:23 AM
 #151

But I wonder how can I earn money using your platform?

Checkout their Medium FAQ here
https://medium.com/maecenas/maecenas-faq-6bec8ae49997
marco.polo.hodls
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August 18, 2018, 12:35:27 AM
 #152

A smart trading platform, great, I need to read your white paper.
I see a lot of heartfelt supporters in your community, and I feel great that the project will be successful

Thank you zhang, here check this out
https://www.maecenas.co/how-it-works/
ecka_26
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August 19, 2018, 08:26:33 AM
 #153

Will you in future list emerging artists on your platform? How will you price them?
marco.polo.hodls
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August 19, 2018, 11:45:49 PM
 #154

Will you in future list emerging artists on your platform? How will you price them?

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.
ecka_26
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August 20, 2018, 06:20:08 AM
 #155

Do token holders pay for insurance?  What happens if the piece is damaged or stolen?
nam_hanh
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August 20, 2018, 06:33:35 AM
 #156

How long did it take you to finish this masterpiece?
mitalo
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August 20, 2018, 08:16:00 AM
 #157

This platform is not only a project that shares the philosophy of Hi-tech, but also a possibility to improve your financial situation, investing in the masterpieces of world art
Pie_Man
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August 20, 2018, 08:30:14 AM
 #158

It is widely known that market of contemporary art is booming. I’m glad that  revolutionary blockchain technology is brought into our life in such a way
gastlator
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August 20, 2018, 08:36:25 AM
 #159

I am art freak and I think about buying something, share in Warhol seems like good investment Grin
GEOmile
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August 20, 2018, 09:32:13 AM
 #160

Maecenas is one of the most promising projects around the crypto-world, because it combines blockchain, auction and art market
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