New online-проект Art:i:curate invites all who wish to invest in works of young artists (contributions of $10) to receive dividends from the subsequent sale of this work is already at a higher price

With the development of online technologies to invest in art is becoming easier. A new Internet platform Art:i:curate based on the principles of crowdfunding, invites all who wish to invest in works of young artists (contributions of $10) to receive dividends from the subsequent sale of this work is already at a higher price.  

the system Works as follows. Young authors post on the site their work with the assessment, which is 40 % of the final price at which it will sell. And if you decide to become one of the co-producers, invest any portion of the required amount (minimum fee — $10). This money is transferred to the artist. Further, the work of art up for sale at full price and if it will be sold, the proceeds will be divided between the artist and the investors in the ratio of 30 % to 70 %. I.e., initially investing 40 % of the total price, investors eventually get 70 %, 30 % — net profit (this revenue is divided between them in the proportions in which they originally invested). And the first artist receives 40 % of the price of the work, and then another 30 % sverhu@

Platform, in fact, is analogous to the gallery system, only in this case, the artist takes the work on the implementation of the no gallery, and a group of investors. Already 160 artists posted on the website Art:i:curate their work. The developers claim that they selected only those artists who really have potential@

But of course, this whole system only works if the work is really selling at that price, which was initially expected by the investors. So the risk, as with any investment, of course, presutstvuet@

Can these online platforms to compete with the galleries? Here the artist receives 40 % direct hands on that tempting, and in the case of a successful sale of his total revenue will reach 70 % of the sale price, not 50 %, as is usually the case in galerea@

"We are not afraid, says gallery owner Jeremy Epstein. It expands the horizons. Most of these new online platforms largely directed towards young authors, they give them new ways to present their work to the audience".

the Material was prepared by Maria Onuchin, AI

Sources: bloomberg.com, articurate.net, artinvestment.ru