Ever since the Blockchain Industry began disrupting various industries, new variations continued to emerge. Creativity and fine arts have also merged with the distributed ledger systems to create a whole new platform for investment. Even as the president of AIAF stated, “Artwork is no longer a piece of jewelry in an ivory tower”, the world of art, in the present era, has the key to make financial transactions via the Blockchain Technology. In the field of fine art investment, the Blockchain Technology provides increased liquidity, improved accessibility and transparency.
Investment in the world of Art seems to be a burgeoning interest in China. The Chinese art marketplace has transformed into a billion dollars market which accounts for about 1/3 of the global art trading volume. Also, the reason why the Chinese art marketplace grew rapidly is that the middle class in China is booming. Looking through the perspective of an investor of art in China, on one hand, there is a large quantity of affluence while on the other; there is a lack of good fine art investment channels. Fine Art Investment has been the privilege of only a wealthy few due to the exorbitant price and lack of trust in the marketplace.
Investment in the world of Art seems to be a burgeoning interest in China. The Chinese art marketplace has transformed into a billion dollars market which accounts for about 1/3 of the global art trading volume. Also, the reason why the Chinese art marketplace grew rapidly is that the middle class in China is booming. Looking through the perspective of an investor of art in China, on one hand, there is a large quantity of affluence while on the other; there is a lack of good fine art investment channels. Fine Art Investment has been the privilege of only a wealthy few due to the exorbitant price and lack of trust in the marketplace.
