|Scooped by Guy Sauvage|
The most relevant Bitcoin enterprise for those interested in the art market is the recently launched online luxury marketplace BitPremier. BitPremier was launched in May and is currently offering for sale an original work by renowned American photographer Peter Beard for 11,671.089 BTC (US$1,100,000.00) and a LeRoy Neiman “Basketball Superstars” lithograph for 103.448 BTC (US$9,750.00). CEO and Founder of BitPremier, Alan M. Silbert: "We maintain the privacy of both buyer and seller until the transaction terms are finalized, so the seller can feel out the market without revealing who they are. We act as the intermediary and isolate only serious buyers. Using Bitcoins also ensures a fraud-fee, irreversible transaction." BitPremier is backed by the NYC-based Bitcoin Opportunity Fund. Other investments of the fund include CoinLab, BitPay, BitSpend, OpenCoin/Ripple, Coinsetter, TradeHill, and Coinapult. Another art related Bitcoin enterprise that is currently being developed is an online virtual art gallery called Art4Bit which is described on its website as “a virtual art gallery which operates internationally and which is crypto-currency-oriented.” Also worth noting is the fact that the online fine art and antique auction house Aspire Auctions recently announced that they would accept Bitcoins as payment. Art4Bit is a virtual art gallery which operates internationally and which is cryptocurrency-oriented. Art4Bit is aimed at supporting artists, with the purpose to ethically promote, valorize and sell their artworks. Art4Bit is generally aimed at creating synergies between art and cryptocurrencies, and also at developing artists network, creating a community of Art4Bitters, who are encouraged to develop common projects. Art4Bit is also focused on open and public discussion about how to move on this unexplored field, in order to positively combine art and virtual money. Art4Bit wants to develop the know-how about emergent currencies and favor a new ethical art market to flourish. Read on for the rest of the interview with the CEO and Founder of BitPremier, Alan M. Silbert.