"Invest in Andy Warhol's 'Dollar Sign' Sculpture"

Seoul Auction Blue Launches First Art Piece Fractional Investment of the Year
Subscription Open for 7 Days Starting from the 12th

Andy Warhol's masterpiece 'Dollar Sign' is entering the art fractional investment market.

Andy Warhol's 1981 work, 'Dollar Sign'
[Photo provided by Seoul Auction Blue]

On the 12th, Seoul Auction Blue announced that it will start the first art fractional investment subscription of the new year based on 'Dollar Sign' from that day.

The subscription will be held for 7 days, including the weekend, from 10 a.m. on the 12th to 4 p.m. on the 18th. Applications can be made through Seoul Auction Blue's art fractional investment application 'Sotu'.

The 'Dollar Sign' offered as the underlying asset is a representative work by the master of contemporary art, Andy Warhol. Seoul Auction Blue acquired the work for 550 million KRW at the Seoul Auction in September.

Andy Warhol's 1981 work 'Dollar Sign' was created with the theme of the 'Dollar Sign ($)', reflecting his usual statement, "I love money. I want to make a lot of money."

The investment contract securities being raised this time total 700 million KRW in scale, with 70 million KRW per share at 100,000 KRW each, issuing a total of 7,000 shares. The maximum number of shares that can be applied for per person is 300, and 6,300 shares are allocated to general investors.

To apply for the subscription, 100% of the subscription deposit must be paid. The subscription deposit will be processed as a substitute for the payment of securities during the subscription period. Seoul Auction Blue designed the system so that subscription applications are only possible after full payment of the desired subscription amount to prevent forfeited shares due to non-payment and to provide opportunities to as many investors as possible.

Sotu stated, "To apply for the subscription, it is essential to participate in the KB Securities account linkage and investment suitability test conducted within the app," and added, "Since many applicants may gather on the subscription day, it is recommended to complete the KB Securities account linkage and investment suitability test in advance before the subscription starts."

This content was produced with the assistance of AI translation services.