Blockchain-based organization Artclear aims to enhance transparency in New York and London gallery art pricing.
Art pricing in New York and London galleries is often undisclosed, aimed at protecting artists and preventing speculative "flipping." This lack of transparency complicates the buying process and can deter potential buyers. Some organizations, like Artclear, seek to enhance transparency using blockchain technology. Legal expert J.D. Harriman notes that galleries may withhold prices to maintain artwork value, ultimately making the market challenging for both artists and collectors.
October 17, 2024
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