Inversion Art + aShareX

At Art Basel Miami Beach, Inversion Art met with Alan Snyder, founder of aShareX, the first fractional auction platform for fine art. Whereas other fractional art platforms buy works, divide them into shares, and allow people to buy and trade shares of the works, aShareX is an auction platform that allows interested parties to bid to buy a fraction of a lot. If enough fractional bidders are willing to pay the highest price for a lot, they can collectively win the auction and become part-owners of high-value assets. Alan let us know that the company had just completed their inaugural auction of a work by Ed Ruscha, which had over 400 bids in under 5 minutes and sold for just over its high estimate.

Like Inversion, the aShareX team had taken note of the fact that every other fractional platform was focused on blue chip works, which are relatively safe stores of value with only modest prospects for appreciation. What’s been inaccessible for fractional investors is access to contemporary works by living artists. The aShareX team was impressed by Inversion Art’s vision for investing in late emerging and mid-career artists, and further excited by the talented artists that our team was already working with. They suggested that our two Los Angeles-based companies could team up to bring fractional investors the first opportunity to access a highly curated, diversified pool of works by exceptional artists.