Fractional Ownership Model in Art: What is Fractional Art?
A growing system allows million-dollar original works of art to be divided into small shares and sold to everyday investors.
Gaining popularity in recent years, the fractional art system allows people to co-own million-dollar works by world-famous names like Picasso and Banksy with small budgets.
Fundamentals of the Fractional Art System
The fractional art system is based on dividing the economic ownership of a multi-million-dollar work of art into small shares and selling them to numerous investors.
Investment Methods and Rights
While some companies offer direct shares to investors, some platforms provide tokenized economic rights via blockchain technology.
While investors aim to generate income from the future appreciation of the artwork, the shares purchased do not grant physical ownership rights over the piece.
World-Famous Works on Sale
Previously, Andy Warhol's 14 Small Electric Chairs and Banksy's Mona Lisa were offered for sale on a fractional basis using this method.
Works by masters such as Pablo Picasso, Jean-Michel Basquiat, and Claude Monet have also been made accessible to thousands of investors through similar methods.
Applications in Turkey and Worldwide
On a platform abroad, one can own a share of Pablo Picasso's artwork Tête d’Homme Barbu for 59 dollars.
In Turkey, works belonging to Turkish-Islamic arts such as calligraphy, illumination, and miniature are offered to investors through the fractional ownership model.
Expert Evaluations
Artworks that were previously accessible only to high-budget collectors are becoming reachable with small investments.
Experts, however, debate whether this model truly democratizes art and how reliable it is for investors.