It seems that tokenized art would be granted an exemption as to SEC registration pre-sale, according to a new startup.
. Current Andy Warhol paintings on the market can fetch anywhere between $6 to $195,040,000 apiece, according to MutualArt.
As told by Freeport, the SEC clearance allows retail investors to gain fractional ownership of the fine arts market, which is typically exclusive to high-net-worth individuals due to pricing."Customers can display their pieces in a high-resolution personal gallery, select frames, and view other community members' galleries with rich social interactions that include comments, likes, and more," wrote the Freeport team.
"As more and more value moves on-chain, fractionalized art is increasingly being sought after by a younger, yet less financially flexible, class of investors." Anyone offering securities in the U.S. must either register with the SEC or seek an exemption. The Regulation A exemption allows companies, mainly startups, to raise $20 million in 12 months in a Tier 1 offering or $75 million in 12 months in the more stringent Tier 2 offering. On April 18, Gary Gensler, chairman of the SEC,Andy Warhol's Marilyn Monroe Portrait | Source: Fine Art Studies
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