New crypto art auction set for June

UK art gallery, Dadiani Syndicate and blockchain platform provider, Maecenas, have announced a long-term strategic partnership that will enable the use of cryptocurrencies to purchase fractional interests in high-value works of art by the likes of Andy Warhol, Pablo Picasso and Rembrandt Van Rijn.  

The first joint sale will take place in June and will include an artwork available in digitised financial units for investors, collectors and owners to trade on the Maecenas platform. Marcelo Garcia Casil, Co-Founder and CEO, Maecenas, says: “The partnership is an important step in developing a unique new financial structure that significantly enhances the art market which has remained otherwise largely unchanged for hundreds of years. With our respective areas of expertise in art, finance, and technology, our partnership with Dadiani Syndicate creates an ambitious synergy of innovative minds committed to bringing the antiquated art investment market into the 21st century.”

Eleesa Dadiani, the Founder of Dadiani Syndicate, the first gallery in the UK to start accepting cryptocurrency for works of art, comments: “Together we aim to render the future of fine art investments to global reach. The cryptocurrency will broaden the market, bringing a new type of buyer to art and luxury”.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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