Sophie Neuendorf: Tokenisation is the art world?s new frontier
Pablo Picasso’s painting Fillette au be?ret (1964) is the first artwork to be tokenised. Image by Seraina Wirz / © Succession Picasso / 2021, ProLitteris, Zürich
Have you ever dreamt of owning an invaluable piece of art history" Now is your chance. Digital asset bank Sygnum and art investment pioneer Artemundi have partnered to launch the first ever tokenisation of a work of fine art, starting with a blue chip Picasso painting. artnet?s Vice President and LUX columnist Sophie Neuendorf caught up with Bigna Pfenninger, a partner in the initiative, to find out more
Sophie Neuendorf
Sophie Neuendorf: You started your career in the publishing industry. What inspired you to enter the art world"
Bigna Pfenninger: I am not sure there was a distinct moment of attraction. The publishing industry is interesting where, business aside, one nurtures a culture of knowledge that simply needs financial and administrative support. Certain aspects of the art world, too, are more scintillating where such balance applies. Follow LUX on Instagram: luxthemagazine
Sophie Neuendorf: How do you see the industry developing post-pandemic"
Bigna Pfenninger: Perhaps the pandemic has accelerated a shift in distribution, boosted technological progress and made money change hands. At best, we will realise it has been a right of passage bringing forth a more mature, transparent and thus, growing art market.
Art advisor Bigna Pfenninger
Sophie Neuendorf: Your partner bank Sygnum ha...
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