New Platform Allows Small Investors To Share Ownership Of Piece Of Art

The last year in the pandemic has seen a lot of people start investing for the first time, pushed in that direction by low-interest rates, but also some with a little stimulus money in their pockets.

Work by famous artists like Jeff Koons or Jean-Michel Basquiat sell for huge sums. Most people can only enjoy them at exhibitions, rather than being able to own them.

That’s all starting to change though, with a new platform that allows small investors to share ownership of a piece of art worth more than 100-thousand U.S. dollars.

For as little as 1, 000 won, less than a dollar, people can own a share in a piece of art, which can be bought and sold on a secondary market.

The artwork is so popular that during the 10-minute interview with the CEO of online art investment platform TESSA, the ownership shares for one piece of art by Yayoi Kusama completely sold out.