June 13th Open Art Market opens a showroom in Huitfeldts gate 19, Oslo, read more →
Part of the Art
We make art investment as easy as pie.
Take your art interest to the next level.
What is
Open Art Market?
Stronger
Art Experiences
New Art
Every Month
Logical and Low
Entry Price
Artwork of the Month
Oil on canvas - 31 ⅹ 44 cm
The work was purchased at an exhibition at the Britannia Hotel in 2021. It is one of her expressive and colorful paintings, and the colors have extended onto the frame.
Valuation
NOK 9,600.00
Total shares
96
Price Per Share
NOK 100.00
Auctions in
2029
Minimum price
NOK 19,500.00
Buy out now
NOK 39,500.00
* + 10% fee + 5 kroner, total 115 kroner when purchasing one share, or 225 kroner when purchasing two shares.
What happens to the artworks?
Before artworks become available for sale, they undergo a careful curation process, verification, documentation, and are stored professionally and securely. Once the artwork is sold, it is removed from the platform, and co-owners are compensated for their share of the sale proceeds.
1. Curation
Behind our carefully curated works lies high artistic expertise. We are focused on bringing out what makes each artistry interesting and inviting you into the wonderful world of art.
2. Market Offering
The valuation of the artwork determines how many shares are available. The price per ownership share is 100 kroner + fee. Co-owners receive digital certificates, with full traceability, which can be given away as gifts.
3. Share Sale
After the market offering is closed, we open for share sales among the members. Ownership shares can be traded and increase in value without the artwork itself being sold in its entirety. This minimizes risk and allows co-owners to bind capital to a lesser extent.
4. Auction
At a predetermined time, we attempt to sell the artwork through auction. Art auctions provide transparency and a fair market value for the artwork, ensuring that both buyers and sellers get a fair price.
What if the artwork doesn't sell?
If the artwork doesn't sell at auction, co-owners will vote on what to do with the artwork, such as selling it to the highest bidding co-owner.
Can the artwork be bought out early?
After the market offering, the artwork can be bought out from the platform at a predetermined buyout price, usually around double the valuation.
"I've always been fascinated by art investment, but I felt there was too much money involved in betting on a single artwork. With Open Art Market's approach, I've started my own art collection."
Previous artworks
How can we help you?
Here are a few of the questions we get the most. If you don't see what's on your mind, reach out to us anytime on chat, or email.
