VIENNA, May 24, 2016 /PRNewswire/ --
With Photo
First artist to issue shares - shares of a 77m²
photograph of the world's first stock exchange,
the "Handelsbeurs" in Antwerp
The IPO of the year is about to take place! Investors are
offered a stake of LMSTX, a 77 m² photograph by Austrian artist
Lies Maculan.
(Photo:
http://photos.prnewswire.com/prnh/20160520/370458 )
The concept, which was inspired by the stock market, offers the
opportunity to purchase art in small units.
The investor becomes a co-owner of an artwork, of the great
whole, that spreads throughout the world.
LMSTX is an art project that illustrates and applies
mechanisms of the financial markets.
The Artwork
- The picture shows the world's first stock exchange, the
"Handelsbeurs" in Antwerp, founded
in 1531.
- The basic structure of the 77m² picture consists of the 27
large-sized photographs.
- The perspective distortion was corrected, the floor structure
and the arcades partly changed and disturbing elements
removed.
- The assembly of the 27 photographs generate the high
resolution, necessary to produce the picture in its full size - 7 x
11 meter. The resulting unreal perspective further adds to the
image's uniqueness.
Shares and Blocks Of Shares
The picture consists of 7,700 shares.
The 10cm x 10cm images are printed directly onto stainless steel
using a Lapada printer.
Every share is unique, certified, numbered and signed.
Several shares make up a block.
These blocks of shares are available in different sizes and
shapes.
The offer price starts at €100.
The Trade
If by December 2016 4,000 to 6,000
shares have been subscribed, the online shop will be replaced with
a virtual trading platform.
This is where demand meets supply.
Shareholders can offer their shares at a desired price, and
potential buyers can make specific (precise serial number or image
description) or unspecific bids. The average value of the bids will
be listed as the stock price and function as the basis for
negotiation for buyers and sellers.
The closing of a sales contract will not be conducted online,
the platform simply connects suppliers and bidders. The
chart-development will be documented and the entire buying and
selling process will be transparently communicated through the
platform and social media.
The Timeline
The online shop will open on 31st May
2016.
In October 2016 the first
shareholders' meeting will take place in which the development of
the project will be discussed and future plans announced.
Starting from December 2016 the
online trading platform will be available for at least 12 months,
providing 4.000 shares have been subscribed.
for high resolution images please
contact lm@lmstx
References:
Lies Maculan
Telefon: +43(0)664/212-4761
Email: lm@lmstx.at
Maria-Anna Goess
Telefon: +43(0)664/314-8806
Email: mg@lmstx.at
website: lmstx.at
Adress: Schiffamtsgasse 11, 1020 Wien
Facebook: LMSTX LiesMaculanStocks
Instagram: LMSTX LiesMaculanStocks
A picture/s accompanying this release is available through the
PA Photowire. It can be downloaded from
http://www.pa-mediapoint.press.net or viewed at
http://www.mediapoint.press.net or http://www.prnewswire.co.uk
.