As revolutionary as his artworks are, the way we share and celebrate his work should be different- which in this case is the offering of fractionalised ownership interest.
Though we become more familiar with the artist’s name over time, we never go unsurprised with David Hockney’s experimental and ever-evolving art.
David Hockney is considered as one of the most influential and versatile artists of today, always breaking creative boundaries with fresh ideas.
‘Pictured Gathering with Mirror’ is made up of rows of chairs angled towards the back wall, with seated and standing igures (some appearing more than once) occupying the mise en scéne.All are positioned in such a way that centralizes the viewer as a participant. Hockney himself makes an appearance: resting at the edge of the tableau, cigarette in hand.
In this ‘photographic drawing’ a continuation of his earlier work with composite polaroids and multi-screen videos, Hockney has digitally combined photographs taken from many perspectives into single monumental images. Composite photographs do not follow the dogmatic logic of single point perspective. Having always been interested in new media, these prints are an exciting extension of Hockney’s experimentation with reverse perspective into other media beyond painting.
Acrylic on canvas
213.5 x 305 cm.
Sold for US $ 90.30M
213.5 x 305 cm.
Sold for US $ 50M
Acrylic on canvas
213.5 x 305 cm.
Sold for US $ 30M
David Hockney (b.1937) has cemented his status as the most influential contemporary artist over the last 10 years, repeatedly setting new records in the total sales and auction price. The return on investment of his works has been exceeding that of S & P 500 . In 2018, his work was sold at Christie's in New York for $90.3m - an auction record for a work by a living artist. The exhibition, ⟪David Hockney⟫, held at the Seoul Museum of Art from March to August this year (2019), attracted more than 350,000 viewers, proving David Hockney is an artist loved not only by critics but also by the public.
According to Mutual Art’s market index (Aug 2019) , David Hockney’s Market Impact and Activity far surpass that of other major contemporary artists (Jeff Koons, George Condo, Chuck Close). David hockney has continuously expanded his influence in terms of media coverage, number of auction lots, and activity, further driving the demand for his works.
The historical performance of David Hockney’s lithograph work has shown that it has frequent upward momentum, returning more than five times the initial auction price over the 18 year time period. <The Wave>, initially sold for US $ 4,830 in 1999, was resold for US $43,000 in 2017.
One of the most important factors in determining the value of an artwork is its transaction history. In other words, information about the frequency and price with which the art was traded in the past has a decisive impact on the price increase of the artwork. Therefore, the prevention of loss and forgery of transaction history have been a difficult yet cruicial issue to be solved in the art market. ARBLOC represents the ownership of an arwork as tokens existing on the blockchain network (1 ownership = 1 token) and stores the transaction data of such ownership on the blockchain to prevent forgery of the provenance of artworks, thereby securing trust and stability of the art market.
Purchasing the entire artwork in its entirety for investment purposes requires not only a large amount of capital, but also a lot of time for the discovery of investment-grade artworks. In addition, it is impossible to diversify your art investment portfolio. By investing in art through fractionalised ownership, you can invest with relatively small amount of capital, as well as diversifying your art investment portfolio.
In the first quarter of 2020, ARTBLOC will launch its ARTBLOC MarketPlace, a platform on which users can buy and sell the fractionalised ownership interest of artworks. For those who wish to purchase and sell the fractionalised ownership of artworks, ARTBLOC will provide an OTC(over the counter) service. For further inquires, please contact firstname.lastname@example.org
ARTBLOC will exhibit the physical artwork publicly and organise such other exhibition programs for at least three (3) months following the final sale of the artwork. Following the initial three (3) month period, if a buyer wishes to purchase the entire artwork, holders of fractionalised ownership interests of such artwork will vote to consent on the sale of the artwork on the ARTBLOC MarketPlace. Generally, an artwork may be sold in its entirety if more than 67% of fractionlised ownership interest holders consent to such sale (terms are subject to change).
For every ten fractionalised ownership purchase,
one bonus token will be given