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I think skmurphy understands the theory behind fractional art ownership but is simply skeptical such a market exists in practice. Is there an established marke
by gustavo_duarte 17y ago
I think skmurphy understands the theory behind fractional art ownership but is simply skeptical such a market exists in practice.
Is there an established market for shared art ownership (besides fractional donations for tax purposes)?
If not, then I think there's a more direct and simple lesson from the failure: if there's no existing market for your idea, the most likely reason is that people don't want to buy it or use it. Thus you better have solid evidence there really exists unmet demand, probably via experiments in the earliest stages of the venture.