Verify an Immutable Provenance Record with a Virtual Appraisal; Codex Partners with ValueMyStuff
Blockchain technology is poised to dramatically improve how people transact in unique assets, particularly art and collectibles, by providing a safe and secure store of provenance information. One of the many applications that a store of provenance enables is the ability to request, receive and record appraisal information. Have you ever been curious to know the value of your art and collectibles? With Codex Protocol and ValueMyStuff, it’s never been easier.
With the Codex Protocol and ValueMyStuff partnership, online appraisals can be requested and added to Codex Records, which will support the authenticity and value of the underlying piece.
Those looking to determine the value of assets, either to transact (buy, sell, insure, ship, fractionalize ownership, etc.) or simply out of curiosity, can send their Codex Record to ValueMyStuff and receive an appraisal from the leading network of experts with prior experience at institutions like Sotheby’s and Christie’s. ValueMyStuff has appraised over 1.2 million items in the past six years, providing PDF certificates, online records, and now, entries on the Codex Record. The partnership between Codex & ValueMyStuff brings appraisal data to a decentralized title registry for unique assets so that appraisals are carried with the asset wherever it goes.
“A Codex Record enshrines the provenance and history of an asset. Adding appraisals to Codex Records will ensure the authenticity and monetary value of these assets will be far better understood,” said Mark Lurie, CEO of Codex Protocol.
Appraisals are just a click away for Codex Record holders. Galleries, appraisal professionals and auction houses trying to keep up with ever-changing valuations in the art world will be keen to request appraisals to increase trust in their assets and assess their value.
As the Codex partnership network expands, those who hold a Codex Record (an ERC-721 token) will enjoy a wide array of service provider options in addition to appraisals, including insurance quotes, access to asset-backed lending providers, artist royalty tracking, inventory management, museum interactions, and more.
We are the only online specialists that guarantee to provide you with a valuation of your art, paintings, silver, furniture, drawings or other antiques and collectibles within 48 hours. We have a team of over 50 experts, all of whom have worked at Sotheby’s or Christie’s. We don’t buy or sell any items, hence we can have a completely unbiased approach in valuing items. The Daily Mail described us as “The Antiques Roadshow Online,” which encapsulates exactly what we do.
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.
By: Adrienne Burke-Moran, Codex
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.