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Four works by the pop art pioneer from the SEC Reg A-approved Freeport collection will be sold through a new regulated blockchain platform.
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The Freeport collection includes reproductionsworks by Andy Warhol (Andy Warhol) "Marilyn", "Double Mickey", "Mick Jagger" and "Rebel Without a Cause". Each of the four reproductions is released in a limited edition of 1000 lots. Waitlist members receive priority access to these digital art pieces. For the rest, sales will begin on May 10.
As it became known to the media, despite the fact that inthe trade offer involves works of art, in terms of their internal content, tokenized assets are not NFTs, but ERC tokens. In fact, they are fractional shares, and the acquisition procedure is tantamount to a mini-IPO.
Reg A is a type of Securities Commission approvalUnited States Securities and Exchange Commission (SEC), which allows companies to sell ERC tokens as if they were simple fractional shares. Previously, the regulator granted the Freeport art platform the appropriate permission.
In September 2021, the Russian Hermitage launched
sale of tokenized works of art on the Binance exchange. The St. Petersburg Museum sold five NFTs and received 32 million rubles for them.
