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An IPO For a Painting: Shares Of An Artwork
It will soon be sold in an IPO, an initial public offering.
In the latter part of July, individuals with a modest sum of money, around a few hundred dollars, will have the opportunity to acquire a portion of ownership in a renowned artwork by Francis Bacon titled “Three Studies for a Portrait of George Dyer,” which was completed in 1963.
This triptych will mark a significant milestone as the first painting available to the general public for investment purposes.
Photo: Susana Vera (Reuters).
The artwork will be accessible to the public, and a museum will be displayed it. The museum is yet to be determined.
Once exhibited, thousands of individuals will have the privilege of admiring this canvas, which has frequently adorned the walls of private collectors like Roald Dahl.
4 paintings not yet fractionalized.
In the ever-evolving landscape of the art market, the concept of securitization and fractionalization of artworks has emerged as a budding opportunity for investment.
