For 1500 dollars it is possible to buy a Bansky (virtual)

Bansky is surely one of the most famous street artists in the world, so to acquire his works at a lower cost, it is possible to have an NFT.

If you have always dreamed of having a work of art, signed by the hand of one of the greatest masters in your living room, the solution may be found in the next sale of the house Sotheby’s.

Together with Particle, an NFT buy and sell platform, she planned to split and then sell a Bansky painting. But let art lovers rest assured, the canvas will not be damaged in any way, the cutting will be entirely virtual.

A work of art becomes 10,000 NFT

Indeed, the auction house explains having created 10,000 NFTs all representing a part of the web “Love is in the Air” by famous street artist Bansky. During the sale, the NFTs should be distributed randomly. Particle also explains that these will all have the same starting price of $ 1,500. Once the sale is closed, NFTs will join a resale platform where their prices are expected to soar.

In order to prevent a very wealthy person from getting all the NFTs on the web, and therefore requesting physical acquisition, 1% of them was donated to the Particle Foundation, created for the occasion. The objective is thus to regulate the purchase and resale market, but also to prevent a person from owning 100% of the painting. If this were the case, Particle would be obliged to transfer the latter to its virtual owner.

Make art more accessible

As a reminder, the canvas “Love is in the Air” de Bansky was purchased in May 2021 by Particle for $ 12.9 million. By selling each of the pieces of the artwork for $ 1500, the company is already making a profit of a few million.

For his part Loïc Gouzer, founder and CEO of Particle ensures that this sale aims to make art even more accessible. Formerly responsible for contemporary art for the very famous Christie’s auction house, he always felt “excluded” when he saw the auction prices. According to him, art can also be appreciated “by possession” as he confided to the New York Times.

He therefore wants to allow people who do not have millions of dollars to acquire works, at least in part, in order to start a virtual collection.

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