Art collectors and enthusiasts can now own an original, signed Andy Warhol screen print for as little as $20 per tokenized share through a new fractionalized art platform.
Freeport, a community gallery for tokenized fine art, is auctioning off a four-piece curated set of Warhol’s works as its first-ever collection. Each share is priced between $20 and $78, and a minimum of 10 shares must be purchased to grab a fraction of ownership. This is a rare opportunity to own a piece of pop art history.
The first-ever collection auctioned by Freeport, a platform for tokenized fine art, includes a four-piece curation of original Andy Warhol screen prints. These highly coveted prints include “Marilyn” (1967), “Double Mickey” (1981), “Mick Jagger” (1967), and “Rebel Without a Cause” (1985), all signed by Warhol himself.
Freeport, a platform for tokenized fine art, is offering a unique opportunity for art lovers and investors alike. The platform is auctioning off four original Andy Warhol screen prints as its first-ever collection, with each piece represented by 10,000 tokenized shares minted on the Ethereum blockchain.
The estimated value of each work ranges between nearly $199,000 and $782,000 apiece, and investors looking to purchase shares must buy at least 10 NFT-based shares of the work.
The fractionalized shares create liquidity for the previously illiquid assets, allowing more people to invest in the asset. Eventually, if Freeport sells each original work, prorated profits will be passed down to the token holders, and the tokens will then be burned permanently. Meanwhile, tokenized share owners can view and display a digital version of each piece via Freeport’s app, and a secondary market for shares will also be established.
Freeport claims to be the first company to complete a Regulation A review with the US Securities and Exchange Commission to release a blockchain platform for investment grade art.
