Fractional art ownership is a new business model allowing valuable art to be owned by everyone, but will it fulfill its hopes of democratising art"
The post A New Fractional Way To Own Artworks appeared first on LUXUO.

Image: ArtNet News

Encouraged by an increase in online sales and investor appetite for luxury goods in the past two years, fractional ownership of fine art has recently sprouted to become a growing asset class. Although there is no chance of hanging a painting in your home or providing the museum with the owned art piece with royalties, fractional art ownership allows anyone to own the art. While the reality of this new model of ownership becomes potentially huge, it is far from reaching its peak and many are still figuring out this option.
This new business model attempts to make luxury assets like fine art, which has been mostly reserved for elite groups of collectors, accessible to everyone and aims to resolve the dissonance between a burgeoning group of everyday people desiring to own art with current art collectors. It is a way to involve everyone in the market to participate and perhaps experience. As a whole, it still allows the art industry to move forward with different business ideas. While the art market is opening up to new audiences, the challenge lies with having an extensive customer base that adopts this method of ownership, which has a long way to go.

Image: sohofineart

Fractional art ownership introduces more liquidity to the...