NEW YORK–(BUSINESS WIRE)–Artory and Winston Art Group (“Artory/Winston”), a unique joint venture creating unique investment opportunities in the art market, today announced an opportunity with investment platform Republic. Both accredited and retail investors can invest in Damien Hirst’s Psalm 116: Dilexi, quoniam. This important work of art was selected on the basis of an expert appraisal, due diligence and provenance verification.
In this first opportunity, Republic investors will receive a financial interest in an iconic butterfly painting by renowned contemporary artist Damien Hirst, selected by Winston Art Group, the leading valuation and advisory firm. Its experts have valued over 150,000 items across all collection categories with an annual appraisal of over $10 billion. An investment in this artwork includes a blockchain-secured artwork care report and a digital certificate created by Artory. Artory is the only platform in the world that offers credible, reliable and trustworthy digital registration of fine arts on the blockchain. This is the first time investors have had the opportunity to participate in art offerings on Republic’s platform.
“By recording every artwork on the blockchain, we offer unprecedented access to detailed, reliable information about artworks, which is unlike any other investment offering in the art market,” he said Nan DekkingFounder and CEO of Artory. “Through this offering with Republic, Artory/Winston is pleased to launch additional investment opportunities for individual artworks across multiple art categories over the coming months.”
As part of the joint venture, Winston Art Group sources artwork for offerings on the Republic platform with the same exacting standards her team has applied to every artwork she reviews, buys and sells for her clients for decades. Results are captured by Artory’s digital tools, which create and store immutable records of the provenance and due diligence of physical artwork experts. This information will be relied upon in art investment transactions for decades to come.
Elizabeth of HabsburgFounder and CEO of the Winston Art Group added, “Winston Art Group’s unmatched access to the highest quality works found in the primary market, secondary market and through private collections around the world, coupled with our ability to identify key market opportunities, will offer the potential to attract our investors.” to offer strong returns.”
Artory/Winston expects to offer multiple investment opportunities over the coming months in works that have been carefully selected based on the artwork’s current valuation profile and near- and long-term potential in various art categories.
With the Company’s combined expertise in art valuation and high standards of due diligence, as well as art experience and technological capabilities, Artory/Winston is well positioned to offer robust art investment opportunities with Republic.
“Republic was founded to support innovative ways to realize value and democratize access to rigorously screened investments. This is an important milestone for us. It’s a continuation of the innovation we’re bringing to market and bringing creators closer to their community,” he said Pialy AdityaSenior Advisor and Board Member at Republic.
Artory/Winston creates unique investment opportunities by sourcing the best works of art with the greatest potential to add value and generate real returns. By combining Artory’s industry-leading art registration technology with Winston Art Group’s deep market expertise, their experts can identify the right opportunities, determine valuation and verify provenance. Artory/Winston then offers a diversified set of investment vehicles that come with digital certification on the blockchain with the flexibility and liquidity of fractional ownership. Visit Artory.com and WinstonArtGroup.com for more information.
With respect to communications measuring interest in a potential offering of securities pursuant to Regulation CF exemption from the registration requirements of the Securities Act, including the ability to “reserve” securities as an indication of interest in the potential offering, please note that pursuant to Regulation Crowdfunding Rule 206 (i) that no money or other consideration is thereby solicited and if sent in response is not accepted, (ii) no sales are made or purchase commitments accepted until the offer statement has been submitted and only through a registered intermediary platform , (iii) such an offer may be withdrawn or revoked without any obligation or undertaking at any time before its acceptance is announced after the qualification date, and (iv) an expression of interest is non-binding and carries no obligation or undertaking.