Sygnum, the world’s first digital asset bank, and Artemundi, an art investment pioneer, have partnered to tokenize the Andy Warhol artwork Four Marilyns (Reversal).
- The artwork has been tokenized using Sygnum’s Desygnate solution, with 5,000 Art Security Tokens (ASTs) exclusively available to Sygnum clients
- Prices for Warhol artworks sold between 2003 and 2017 increased by an annual average of 14.2 percent
- Token holders will have their ownership fully recognised under the Swiss DLT legal framework
Warhol – a leading figure in Pop Art history
Andy Warhol is the creator of some of the most iconic artworks of the 20th century and has been a top-ten selling artist for over two decades. His works are held in numerous prestigious collections worldwide, including the Museum of Modern Art in New York and the Art Institute of Chicago.
Based on a publicity photograph from her film ‘Niagara’, Warhol’s iconic Marilyn Monroe series has enjoyed long-term price appreciation. Since 2000, this series has generated 17 percent of all Warhol auction sales, despite being only 3 percent of volume, and has consistently outperformed both the Warhol and Artprice Global Indices.
Issuance of 5,000 Art Security Tokens (ASTs) through Swiss-regulated Sygnum bank
Sygnum’s Desygnate platform tokenized Andy Warhol’s Four Marilyns (Reversal), currently priced at CHF 5.7 million. The 5,000 WHL1 tokens issued are available for subscription exclusively to Sygnum professional and institutional clients via the Sygnum e-banking portal, and trading via Sygnum’s SygnEX secondary market. All transactions will be settled in Swiss francs using Sygnum’s Digital CHF stablecoin (DCHF), underpinned with the legal certainty of direct physical artwork ownership under the Swiss DLT (Distributed Ledger Technology) framework.
Fatmire Bekiri, Sygnum Bank’s Head of Tokenization, says: “Warhol’s iconic Four Marilyns truly immortalises one of the Golden Age of cinema’s most illustrious stars….
