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Blockchain Technology and Insurance in the Art Market

Blockchain

Blockchain Technology and Insurance in the Art Market

In 2012 Hurricane Sandy bit off the front of a seaside home and tossed it into the sea, then spat a Thomas Hart Benton painting into the ocean along with it, according to ArtNews. The cyclone was the most destructive of its kind in the Mid-Atlantic region’s history. By late 2017, thousands of ...

Blockchain Technology Disrupts the Art Markets

Blockchain

Blockchain Technology Disrupts the Art Markets

The earliest depiction of an art marketplace in the West comes from the Greek ceramicist and painter Phintias. Circa 500 BCE he illustrated a cup with the image of a man buying a vase. The first art auctions were not to be depicted until Roman was great, during the time of Augustus (43 bce–18 ...

Bitcoin: The Next Tulip Craze?

Blockchain

Bitcoin: The Next Tulip Craze?

Art historians find an odd yet telling blip in the creation of paintings of flowers: a dearth on the subject was produced in Holland between the late 1630’s and during the 1640s. Alastair Sooke, art critic of The Daily Telegraph, suggests in a BBC article that, “Perhaps, for a few years at ...

BLOCKCHAIN COMES TO THE ART MARKETS

Blockchain

BLOCKCHAIN COMES TO THE ART MARKETS

The Ming dynasty Chinese saying “Water That Is Too Clear Has No Fish” applies to the modern day art market like few other aphorisms. The opacity and secrecy of the sector have mired artists, buyers, sellers, and middlemen in murky business dealings that have not changed since the Medici ...