Art Stock Exchange; Codex Partners with Feral Horses
Art collectors were traditionally cautioned against thinking of art purely as an asset class. Now, however, the industry is seeing a new generation of buyers who are purchasing works that they believe will grow in value.
Codex and Feral Horses have partnered to ensure that artworks and transactions on the Feral Horses Art Stock Exchange, which makes it possible for anyone to invest in contemporary art, are updated on Codex Records, which store verified provenance information on the blockchain.
“Codex is thrilled to partner with Feral Horses as their Art Stock Exchange encourages everyone to take part in the art market within a fair system that has artworks traveling and both artists and collectors earning. With our partnership, artworks will take on a life of their own after they are created,” COO of Codex, Jess Houlgrave.
At Feral Horses, Collectors purchase shares of artworks by selected galleries and contemporary artists. The shareholders may own as little as 0,1% and are free to trade as they please. This type of communal ownership allows investors to diversify and optimize their portfolio, and share related investment costs with others. Feral Horses manages the insurance, transportation, storage, and logistics of the artworks, while also renting the pieces in the interest of the owners. Feral horses is focused on contemporary artworks including sculptures, paintings, photographs, mixed media, and new media between £3,000 and £30,000, making it the ideal entry point for young collectors who want to start benefiting from the diversification that art offers and simultaneously support emerging artists.
On Codex, Feral Horses will add important metadata, including the artworks name, dimensions, price, artist, and more. In particular, price fluctuations and cap tables from the Feral Horses marketplace will be updated regularly, building the provenance of the items.
With transformation occurring across the art & collectibles market, at Codex Protocol, we’re working with partners and stakeholders in the industry to see the market grow.
About Feral Horses
Feral Horses aims at providing the most comprehensive solution among all art investment options currently available to the art investors. Thanks to its business model Feral Horses has the possibility to offer transparency, liquidity, and a low entry-level whilst focusing on the impact for the artists and the ROI for its investors.
Codex is the leading decentralized title registry for the $2 trillion arts & collectibles (“A&C”) ecosystem, which includes art, fine wine, collectible cars, antiques, decorative arts, coins, watches, jewelry, and more. Powered by the CodexCoin native token, the Codex Protocol is open source, allowing third-party players in the A&C ecosystem to build applications and utilize the title system. Codex’s landmark application, Biddable, is a title-escrow system built on the Codex Protocol, which solves long-standing challenges in auctions: non-performing bidders, lack of privacy, and bidder access. The Codex Protocol and CodexCoin will be adopted as the only cryptocurrency by The Codex Consortium, a group of major stakeholders in the A&C space who facilitate over $6 Billion in sales to millions of bidders across tens of thousands of auctions from 5,000 auction houses in over 50 countries.
Nothing herein constitutes an offer to sell, or a solicitation of an offer to buy, in any jurisdiction in which it is unlawful to make such an offer or solicitation. Neither the U.S. Securities and Exchange Commission nor any other federal, state, or foreign regulatory authority has approved an investment in the matters contemplated herein.