The Hammer Falls on the First Major Blockchain-Based Auction
How to start saving money
Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis.
Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor
Adipiscing elit ut aliquam purus sit amet viverra suspendisse potent i
Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
Why it is important to start saving
Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida quis blandit turpis.
How much money should I save?
At risus viverra adipiscing at in tellus integer feugiat nisl pretium fusce id velit ut tortor sagittis orci a scelerisque purus semper eget at lectus urna duis convallis. porta nibh venenatis cras sed felis eget neque laoreet suspendisse interdum consectetur libero id faucibus nisl donec pretium vulputate sapien nec sagittis aliquam nunc lobortis mattis aliquam faucibus purus in.
Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor dolor sit amet
Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
What percentege of my income should go to savings?
Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque. Velit euismod in pellentesque massa placerat volutpat lacus laoreet non curabitur gravida odio aenean sed adipiscing diam donec adipiscing tristique risus. amet est placerat in egestas erat imperdiet sed euismod nisi.
“Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque velit euismod in pellentesque massa placerat”
Do you have any comments? Share them with us on social media
Eget lorem dolor sed viverra ipsum nunc aliquet bibendum felis donec et odio pellentesque diam volutpat commodo sed egestas aliquam sem fringilla ut morbi tincidunt augue interdum velit euismod eu tincidunt tortor aliquam nulla facilisi aenean sed adipiscing diam donec adipiscing ut lectus arcu bibendum at varius vel pharetra nibh venenatis cras sed felis eget dolor cosnectur drolo.
The moment before “the hammer fell” on Edward Hopper’s “Chop Suey,” breaking a world auction record of over $91M USD.
Artory recorded each item on the blockchain in a first for the industry. Now, each piece can be seen on the Artory Registry.
Following the sale, The National Law Review wrote a concise and important article on the issues still facing the art and auction industries, and how an independent registry like Artory, could begin to solve some of them.
When addressing the two largest issues facing the art market: (1) fraud and (2) properly recording sales and transfer of title, The National Law Review outlined Artory’s proposed solution:
Artory attempts to address some of these issues by offering a blockchain-based immutable registry of verified transactions. The Artory recordation process works as follows: (1) a major event in the lifecycle of a work occurs (e.g., creation or sale of the work; (2) a record-issuing party, like an auction house, gallery or insurance company, who was previously vetted and verified, provides Artory with a permanent record related to the applicable work; (3) Artory records the event to its registry; (4) Artory provides the record-issuing party with both the physical and digital certificates evidencing such record; and then (5) the record-issuing party provides the certificates to the owner of the work.
And on what a title registry means for art buyers, The National Law Review states: “To have legal title and the right to “enjoy” the property, one must have the full and absolute legal and equitable ownership of the whole of the property without any encumbrances from any other person in the world. Clear title allows the holder to sell, pledge, donate, display or use the property without restriction.”
