So if the artwork is sold or bought back, correct?

Question

So if the artwork is sold or bought back, correct?

Either way?

And just to clarify (because I really do want to understand how this works): the seller receives the sale price less whatever royalties/residuals/fees are owed to the fractionalized owners? And does this committment (that the fractionalized owners are due a share) persist across multiple sales?

#allianceblock #cryptocurrency #de-fi #english

0

12.09.2023

9 ответов

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Kat | I will never PM you first Автор вопроса

Ah, okay! So fractionalized ownership only works for a single transaction -- it's not a lifelong (of the artwork) partial ownership of the piece. It allows individuals to partake in partial ownership of the *sale*, not necessarily the *art*.

0

12.09.2023

Bankole | Arkefi

Kat | I will never PM you first
Ah, okay! So fractionalized ownership only works ...

I wouldnt say so. While the fractionalized ownership is specific to a single transaction, it's worth noting that during that period, investors are very much a part of the artwork's story. They share in the risks and rewards associated with that particular piece of art. So, in essence, they are invested in the art, albeit for a shorter, transaction-specific time frame.

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12.09.2023

Kat | I will never PM you first Автор вопроса

Bankole | Arkefi
I wouldnt say so. While the fractionalized ownersh...

Thanks for clarifying. I meant to say ownership of the artwork long-term, but I get what you're saying. They're as much owners of the art (and part of the story, which I very much love), as any other owner, for the duration of their ownership.

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12.09.2023

Stormer

Bankole | Arkefi
I wouldnt say so. While the fractionalized ownersh...

When the period of commitment is over who then owns the arts?

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12.09.2023

Bankole | Arkefi

If the buy-back option is not exercised by the original seller once the period of commitment ends, we will attempt to sell the artwork in the open market close to its original price. This process aims to secure a sale while ensuring that fractionalized owners can potentially benefit from their proportionate shares of any profits generated from the sale.

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12.09.2023

Stormer

Bankole | Arkefi
If the buy-back option is not exercised by the ori...

Okay, so the owner of the art can either activate buy back option if he feels?

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12.09.2023

Bankole | Arkefi

Yes, there's a specific time frame within which the seller can activate the buy-back option. If the seller fails to activate it within that period, the option will expire.

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12.09.2023

Stormer

Bankole | Arkefi
Yes, there's a specific time frame within which th...

Okay is there any fund commitment to activate this buy-back option?

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12.09.2023

Bankole | Arkefi · Accepted Answer

Bankole | Arkefi

That's fine, you can ask as much as you want hehe. Its a great question! Tthis commitment doesn't persist across multiple sales; it's specific to that particular transaction.

0

12.09.2023

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