Andy Warhol Painting to Be Sold via Blockchain in ‘World’s First’ Crypto Art Auction
Cointelegraph
Published Jun 07, 2018 03:38AM ET
Updated Jun 07, 2018 05:02AM ET
Andy Warhol Painting to Be Sold via Blockchain in ‘World’s First’ Crypto Art Auction
Blockchain platform Maecenas has announced today, June 7, that it will hold the “world’s first cryptocurrency art auction”, according to a press release shared with Cointelegraph. The platform will be selling fractional ownership of Andy Warhol’s 14 Small Electric Chairs – worth $5.6 mln – at crypto-friendly UK fine art gallery Dadiani Syndicate on June 20.
The sale of 49 percent ownership interest in the painting, which is part of Warhol’s 1980 Reversal series, will allow buyers to purchase digital certificates of partial ownership on the Maecenas blockchain platform using their ART token as well as Bitcoin (BTC) and Ethereum (ETH).
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Written By: Cointelegraph
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