Blockchain: Fractional Art


Some ventures, such as Maecenas, have proposed fractional ownership of artwork via blockchain tokenization. Instead of buying a piece of art, you’d … um … buy a piece of a piece of art. The mysterious artist Banksy took fractionalization a step further by using a shredder hidden in the picture frame to partly shred his own art work immediately after it was sold for $1.2M at a Sotheby’s auction. He posted a video of the shredding on his Instagram account. There was some speculation whether the work is worth more in pieces, and it was unclear whether the auction sale will stand.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.