Artemundi and Sygnum have partnered to tokenize Picasso’s Fillette au béret painting. This marks the first time the ownership rights in a Picasso or any artwork, are being broadcast onto the public blockchain by a regulated bank, enabling investors to purchase and trade “shares” in the artwork called Art Security Tokens (ASTs).
The tokenization of Fillette au béret represents two additional breakthroughs for the art market. By transforming art into a tradeable, bank-grade security on the blockchain, liquid secondary markets like Sygnum’s SygnEx can directly connect buyers and sellers. This then eliminates the need for intermediaries, reducing transactional costs and bringing much-needed industry transparency.
Picassos have a proven track record for continual appreciation in value, and Fillette au béret has been subject to Artemundi’s rigorous examination, which is based on more than 30 years of experience in art investment.
Price: CHF 4,000,000
Latest market valuation (6/22): CHF 4,750,000
Unrealized ROI: 18.75%
For more information, please contact us.
Pablo Picasso, Fillette au béret, 1952