The Results from our Successful Auction with aShareX
The groundbreaking auction closed at a remarkable $146,280 — $26,280 above the low estimate!
We are thrilled to share the results of our recent groundbreaking auction held on May 2nd, in partnership with aShareX. Thanks to great enthusiasm for this collection and our artists, and the hard work of aShareX, our artists, and our team, the auction closed at a remarkable $146,280 — $26,280 above our low estimate!
By the Numbers:
65 registered bidders
28 fractional winners
34 pre-bids
285 total bids in a spirited 7-minute auction
103 spectators joined the excitement online
This auction was a landmark event for several reasons:
Pioneering Fractional Investing: This was the first fractional investing opportunity in the Ultra Contemporary category. Unlike the stable, matured market of Picasso and Basquiat works, these contemporary pieces hold the potential for exponential growth in value.
Supporting Artist Futures: For the first time in a major auction, the artists involved were assured a 10% resale royalty on future profits of the collection. This ensures that our artists continue to benefit as their work increases in value and also aligns their interests with the collection owners.
Empowering Our Artists: This auction has directed over $100,000 back into the pockets of our hardworking artists.
We would like to extend our heartfelt thanks to aShareX for their collaboration. Their dedication and hard work were instrumental in the success of this auction. For anyone looking to sell high-value assets, we cannot recommend aShareX enough—they are truly exceptional partners in the art market.
This auction not only reflects the vibrant dynamics of the contemporary art market but also underscores our shared vision of making high-value art accessible to a broader audience.
We are immensely grateful for your continued support, which enables us to redefine and expand the boundaries of art investment.
Stay tuned for more innovative projects and opportunities that support our artists and community.
Joey Flores
Founder, Inversion Art