A fascinating look inside the art market a must see for investors, collectors, or anyone interested in buying or selling art. The reality of the art market is very different from what you might think. For those interested in making serious money in the next ten years take note.There are two markets that have outperformed all other markets in the world for two very simple reasons, supply and demand.But making money out of art and crypto two asset classes with very
limited supply with massive underlying demand growing year on year just makes so much sense. But like anything you need patience, quality selection, and keep an eye on fashion trends, value, authenticity, condition, pool of available art hat can actually be potentially bought held in private hands and remember the golden rule not everything painted and signed by an artist is necessarily a good work of art.
1. Art Market - Real Collectors hold long term often a life time and rarely sell, Dealers & Traders profit driven short term holders 2. Crypto coin market - Investors hold long term, Traders profit driven The believers are the long term holders Liquidity in Art markets 1. Auction rooms – 2. Galleries & dealers - 3. Art fairs 4. Private escrow treaty 5. Private bespoke Search 6. By invitation Art Guarantees 7. Large collections sold as intact collections 8. Art equity Extraction and various art financial instruments 9. Arts securitisation - coming soon Art 8 Crypto Liquidity in Crypto markets 1. Public Exchanges 2. P to P exchanges 3. Private escrow 4. OTC traders 5. Block trades circa 50,000 BTC 6. Art 8 Crypto - Coming soon Art & Crypto Markets. Jonathan de Rin Beyond Art See video the bankers guide to Art for those interested in 100x their net wealth.
200,000,000 Being sold to new investors
200,000,000 Share option scheme for Management Development team
200,000,000 Shares allocated to seed investors
400,000.000 Founders & Art Foundation
Stage 2 Art 8 Platform Development completed ready for listing first painting
Stage 3 Art 8 Coins raise £5m with ICO 100,000,000 Art 8 Coins fixed supply
50,000,000 Issued over 22 Years ( so many per block)
10,000,000 of the 50m Early bird issue at 30p per coin
10,000,000 of the 50m ICO to the public at 50p per coin
25,000,000 Held by Art 8 Foundation Switzerland
25,000,000 Reserved for Management Development Team & Maintenance of platform
Stage 3 Physical Art smart contracts and listings on the block chain
Top Artists listed with each painting by artist given a cryptographic certificate.
Future Vision for Art - to use a block chain trust system
that allows for art to be verified bought and soldat any time with funds moving from buyer to seller in an
instant withvery low transaction
fees is just around the corner.
The decentralized art block chain will also
allow many people to participate in owning the same work of art as a crowd
funded purchase using smart contracts which set the rules for escrow, sale and the resale
and hurdle rate prices being achieved before the sale can take place. Jonathan de Rin has a love of technology and art and feels that the time is now to revolutionize the art market. The Art 8 block chains of the future will provide safe transactions, with genesis provenance documents – with chain of ownership for rare artworks – something which the blockchain could make far more efficient at lower costs. The technology of the block chain has proven that it can remove counter party risk and is ideal for implementation in the art market.
"Art is the currency of the infinite" Picasso
If you are interested in investing in Art as an early stage investor then please email us on info@artprincipals.com We are looking to raise £1m or match funding to 500 bitcoin worth circa £1m. Funds to be used to set up the office and dev team in Switzerland near Lake Geneva. The project is a 6-12 month project, with an initial coin offering in 6 months time followed by the main offering in month 12. The investor will have all his or her capital repaid in full on a successful ICO and will retain an equity stake TBA, the balance of the shares will be owned by Art Research Foundation and the Dev & Management team. The investor can also buy into the ICO if he or she wants. Eight core teams for launch
Legal & Compliance team
Block chain team
UI team
Art team
Management & Accounting team
Prepaid debit card team
ICO team
PR & press team
The start up team is currently only 4 persons + 6 outsourced consultants, and we intend to grow this after the initial fund raise to 20 persons, then after the ICO to over 250 persons with satellite offices in USA, Europe, China, Hong Kong, Singapore.
We have already been offered a number of important paintings by private individuals to list on the platform with a total value in excess of $1 billion if 50% of these are listed successfully the fees generated to the company in the first 36 months will be in excess of 5% x $500m = $25m in fees not including 2% we charge to investors to invest.
As the platform scales we plan to reduce our fees over time.
Who can use this platform
Only accredited investors can invest through the platform at this point in time. We may open access to retail investors in the future if there is sufficient demand for it.
Private collectors, galleries and art owners can list their assets provided that they satisfy the vetting and due diligence criteria of Beyond Art Vetting committee in the early days.
What is an accredited investor?
An accredited investor is an investor with a special status under financial regulation laws. The definition of an accredited investor vary between countries. Generally, accredited investors include high-net-worth individuals HNWI, professional investors, financial institutions, and other large corporations who have experience in complex and higher-risk investments such as venture capital funds, hedge funds and angel investors.
What type of artworks will be listed on the platform?
Beyond Art focus is on AAA masterpieces and proven successful artists. Art pieces will be worth between circa 1 - 100 million USD and above.
What is the minimum I can invest in a piece of art?
The minimum investment is $500 USD, and you need to deposit at least $10,000 USD on your art8 debit card to open your investor account. Each investor will be issued with a master card debit card with an online account. Investors can invest bitcoin, ether or any other acceptable crypto currency.
Will you list masterpieces?
Yes. We will list paintings and sculptures that have sound fundamentals from an investment perspective but also have appeal to investors who appreciate fine art.
How do you ensure that the artwork is authentic?
As part of our due diligence we arrange for provenance checks to be conducted by reputable and trusted third-parties, including art loss registry checks and physical inspection of the property. The documents produced during the due diligence process are stored securely and protected by cryptography to ensure that they are impossible to falsify. This are refereed to as the genius documents on the block chain.
How can I validate that my art holdings are accurate?
We use distributed ledger technology (also sometimes referred to as blockchain technology) to provide a tamper-proof record that guarantees your exact holdings. This record also has a cryptographic certificate of ownership attached to it.
You can read more about this technology by searching google for Blockchain in Capital Markets
What happens if a piece of art is damaged, lost or stolen?
All artwork listed in the platform is protected by mandatory insurance. In the unlikely event that the artwork is damaged, lost or stolen the insurance protection will cover in excess of 100% of the asset value. All art work will have a conditional report attached to the digital certificate.
How does the investment process work?
Each piece of art goes through a strict validation process that involves external independent and trusted third parties, including provenance analysis, document validation and physical inspection if required.
Once the validation process is satisfactorily complete, the piece of art is listed on the platform and investors can bid for it, choosing the amount they want to invest and their desired price (which can be above or below the guide or reference price). Bids are private and confidential.
The bidding process last for a limited time set at the discretion of the Museum,gallery or collector who listed the asset. Once the bidding is complete, the highest bids are given preference and the artwork is allocated to the successful investors based on the chosen amounts and price. At this point, the monies matching the investment amount are transferred from the investor account to the art owner account, and the transaction is settled.
What are the fees for using the platform?
Listing artwork on the platform costs 5% of the total value of the instruments listed, whereas investing in artwork costs 2% over the transaction volume. Both percentages are applied to the final settlement amount to ensure that only transacted money attracts fees. Operating in the secondary market costs 0.5% of the traded amount. Market makers have access to rebates. We also offer discounts based on volume.
Do I own the art piece I invested on?
No. Ownership remains unchanged. This is one of the key innovations that reduces investment costs. Once an artwork is listed on the platform, the art owner becomes the legal custodian of the asset. As an investor, you acquire asset-backed certificates/coins that give you financial participation in the art piece. The certificates are protected by a strong legal framework that guarantees your rights over the asset while it remains in expert hands to guarantee its safety and proper care.
What happens if the owner wants to de-list the asset from the platform?
Owners of the asset-backed certificates/coins have a number of legal rights over the artwork. In the case of de-listing, the owner must buy-back the certificates from all current investors. There is a negotiation process that requires a minimum voting percentage of the investors coin holders to agree to the terms, but this will generally settle at the market price plus a discretionary premium.
What happens if the owner physically sells the artwork?
This is allowed and actually encouraged. If the new owner is happy to continue having the artwork listed on the platform then the sale has no impact on investors at all. However, if this is not the case, then the asset must be de-listed and the standard de-listing process is followed. The unwind of the securitisation guarantees investors a minimum hurdle rate of return relating to the indexation of the art
“Our vision is to enable millions of art
investors to participate for economic gain in one work of art, or a portfolio of art by buying asset backed coins and this will grow the art market to ten times
the size it is today in terms of number of investors and the total value of the
art market.”
We search for art for retained clients, then find out if the owner would be willing to sell the art. if the owner is willing to sell the art we then set up a viewing and the buyer must be pre qualified before the viewing, this enables the buyer and seller to do a deal at the end of the viewing.
We save the seller auction fees by only charging a sellers premium of 5% and we save the buyer auction fees by only charging a buyers premium of 5%. If the painting was put into a traditional gallery the gallery would take between 15-50%.
We are the most cost effective way of buying and selling private treaty art in the world. With a number of important paintings and private collections acquired for clients in confidence.
We only deal with qualified clients.
How do I get qualified?
Simply instruct your lawyer and put your lawyer into a position where you have confirmed your funding capability to your lawyer so he can confirm your discretionary funding held in your bank account for acquiring a certain work of art.
We only deal with qualified art brokers.
How do I become a qualified art broker?
Send your resume and a list of the paintings you have sold in the last 36 months.
For a qualified art search we do the first search for free and then charge £2,500 for an art search. This art search is very valuable to the client as he is getting to view paintings that are not on the open market and in some cases have been hanging on the owners wall for many years.
We advise all owners to make sure they get their art valued and are happy with the price they have been offered.
We have a list of experts for each artist that the buyer can hire to inspect the painting on their behalf.
All transactions are closed directly between the seller and buyers lawyers, with the sellers lawyer giving a declaration of ownership and the buyers lawyer confirming the funding discretion available.
Avoid long unqualified broker chains and wild goose chases, and buyers who do not have their funding in place and save on your buyer premium when you contract exclusively with Beyond Art Gallery to find the art you are looking for.
