Colin Gleadell offers some background on the Andy Warhol work being offered for fractional ownership by Maecenas, the blockchain-driven art syndication company. The idea of pooling assets to buy works of art is nothing new in the art market. Formal and informal funding arrangements underpin thousands of works held privately.
Gleadell's close look at the Warhol work's market and sales history suggests that Maecenas is relying more on the novelty and enthusiasm surrounding cryptocurrencies to attract investors than the long-term appeal of the work itself.
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