Example

To better understand how the investment works here is a hypothetical example

Art Shares Srl offers a work at the price of € 100,000 in 1000 shares of € 100 each.

Let us hypothesize that there are 453 clients who purchase the shares for an overall value of € 95,000 (95% co-ownership) and that the remaining shares of € 5000 (5% co-ownership) remain with Art Shares Srl.

Let us suppose that, for example:

• one client purchases 300 shares paying € 30,000 (30% co-ownership),
• two clients purchase 100 shares each paying € 10,000 each (co-ownership of 10% + 10%) and
• there are 450 clients who purchase one share of € 100 (co-ownership of 0.1% for each of the 450 clients, for a total of 45%)

Let us suppose that the work of art is sold on the market after two years at the price of € 120,000.

The sale price will be shared out as follows:

• 1 client € 36,000 – 900 (2.5 % of commission on € 36,000) = net proceeds of € 35,000 for an investment of € 30,000;
• 2 clients € 24,000 – 600 (2.5% commission on € 24,000) overall, individually equal to € 12,000 – € 300 (2,5% commission on € 12,000) = net proceeds of € 11,700 for an investment of € 10,000 each;
• 450 clients € 54,000 – € 1,350 (2,5% of commission on € 54,000) overall, individually equal to € 120 – € 3 (2.5% commission on € 120) = net proceeds of € 117 for an investment of € 100;
• Art Shares Srl € 6,000 for a share of € 5,000.