A Julian Opie Will be the First Fractionalized Artwork on Yumi NFT Marketplace
Yumi is leveraging ORIGYN’s Digital Certificate Standard to offer the first fractionalized physical artwork on ICP–Powered by NFTs
We are very excited to reveal that the first fine art painting to be fractionalized on Yumi will be Suzanne walking in leather skirt. 3, 2008, by Julian Opie. This announcement comes concurrently with the official release of our Julian Opie community hub, which is where the sale will take place on 20 December 2022 at 16:00 UTC. The sale will last 120 days in total or until all fractions are sold.
Julian Opie is one of the most well-known contemporary British artists. Born in London in 1958, he graduated from the Goldsmith's School of Art in 1983. He currently lives and works in London.
This work in vinyl depicts a figure moving with lightness and grace, unceasingly, as in a perpetual and cyclical movement. It exemplifies Opie’s signature style of reducing figures and shapes to their most essential outlines using a black line filled with a strong, clear blue color echoing the language of signs and symbols. Amazingly, it is a poignant example of the distinctive style Opie would develop throughout the years. The piece–which will be fractionalized into 1,000 unique pieces–measures 222 x 110,3 cm and is stored in a secure vault in Switzerland.
ORIGYN’s NFT technology that we’ve leveraged makes collecting physical, fine-art more equitable and accessible to all. Before ORIGYN’s Digital Certificate Standard, the fine-art market was accessible to only a select few with extensive disposable capital. With the newfound utility of NFTs to fractionalize such pieces, this alternative asset class is now within reach for collectors of all types. In fact, contemporary art has historically outpaced the S&P 500 for the last 25 years–offering 14% returns on average compared to 9.5%.
The launch day–the first day in which the fractionalized NFTs will be available to purchase–is 20 December, 2022. Please click here for more information on the artwork and the artist, as well as numerous resources such as a countdown timer, FAQ, buyer’s guide, and to finally purchase your piece when the sale is live.
We have further events planned such as AMAs with ORIGYN, so please make sure that you follow us across our socials to join the community and the discussion as this exciting launch progresses.
Happy collecting!
