You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

London gallery sells 'shares' of Banksy's work


A new art gallery in London is giving art lovers the chance to own shares of their favorite pieces of artwork — including pieces by Banksy.

The BBC reports the gallery, called My Art Invest, is selling 1,000 shares of just one Banksy painting with the price of about $200 per share. The more shares you buy, the larger the chunk you end up owning.

The smallest shares are available for a little more than $8 each. The London Evening Standard points out customers can keep track of their shares through an online art stock exchange.

Here's what's really crazy: if you wound up buying one quarter of the shares of any given painting in the gallery, you'd be able to take the painting home with you and hang it up inside for one quarter of a year. (Via My Art Invest)

This unconventional way of selling art has plenty of critics wondering how effective it really is.

A writer for The Art Newspaper says: "Attempts to divide works of art into equal shares, emulating companies that trade on a stock exchange, have proved problematic, at best." But the paper points out the business model from the gallery's founder worked well in France — with more than 200 paintings sold.

According to Forbes, it's also unclear what would happen to the business if there were shares that were left unpurchased.

The founder of My Art Invest told the London Evening Standard he would also like to open galleries in cities like New York, Miami and Shanghai.



Reader Comments ...


Next Up in Nation World

More snow, rain possible today
More snow, rain possible today
Parents say suicide of Champaign County girl part of bullying epidemic
Parents say suicide of Champaign County girl part of bullying epidemic
Holiday shoppers pining for colorful Christmas trees
Holiday shoppers pining for colorful Christmas trees
Green is a traditional color for Christmas trees, but are you pining for a gold one? Or pink? How about purple?
Church roof collapses in Nigeria; at least 160 dead
Church roof collapses in Nigeria; at least 160 dead
A church roof that collapsed onto worshippers in southern Nigeria killed at least 160 people, The Associated Press reported.
Mechanicsburg seeks ownership of vacant properties
Mechanicsburg seeks ownership of vacant properties
More Stories