Zurich — Connoisseurs of Pablo Picasso will soon be able to own a share in one of his paintings for less than $6,000 — though that won’t actually buy them the right to see the work, which will be stored under lock and key in Switzerland.
Subscriptions for the Sf4m sale are expected to open at the end of July, with tradable shares in the painting available for 5,000 Swiss francs and above. Driven by a surge this year in the market for non-fungible tokens , often focused on digital-only artworks and other virtual items , Sotheby's flagged an NFT-linked sale of Picasso's “Le peintre et son modèle” in June.
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