VooGlue Investment Opportunity
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Do you own a piece of fine art? A painting? If you do, you are inside VooGlue’s potential market. Now, do you know everything about the artwork you own? Who was the artist, when and why was it painted, what was the artist’s reputation, what is the artwork’s history, is there media about it, and does it have particular cultural or social significance? If you don’t know all this information you are a victim of lost art authenticity-value and you will need VooGlue’s “art owners” product.
Fine art has two values, its aesthetic value (how it looks) and its authenticity value (the authenticated information about it). Most of the value is authenticity value. If you are a victim of lost authenticity value then VooGlue’s art owners’ product permanently binds fine art authenticity to art so it never gets lost. Users simply point their phone at the artwork and are amazed as its valuable authenticity information magically appears on their screen, transforming their experience. We employ image recognition, blockchain and AI. Lost authenticity value, like a masterpiece, sold cheap accidentally, is part of the reason global art sales are skewed heavily to the cheaper end of the market.
Lost art authenticity value is conservatively estimated at costing $688 Billion per annum in art sales value. Our “art owner’s product” combined with our “artist’s product” and “galleries product” work symbiotically to preserve art authenticity value in the fine art supply chain. When artists sell to owners then owners sell via galleries/exhibitors who resell to new owners, the valuable art authenticity information is preserved as the artwork passes through each node, transforming the fine art ecosystem. At its core, this project will augment transaction ease, intelligently consolidate content and maintain the bond between physical fine art and its valuable authenticity information for the entire artwork lifecycle.
THE INDUSTRY
The physical fine art sector is massive, exciting, dynamic and booming! See statistics in the link above plus this independent industry insider report with recent statistics, and insider info. On page 27 see new forms of ownership VooGlue will capitalise on. Read immediately below the major art market problem that VooGlue solves right now.
A MAJOR PROBLEM VOOGLUE SOLVES
As well as permanently binding digital data to physical art, VooGlue stays with a physical artwork for its lifetime – not just facilitating an initial sale of a physical artwork but facilitating all the re-sales of that physical artwork over time – delivering exponential growth in our market and marketing. For example, LOST resale royalties cost the average artist $194,856 during their lifetime plus a $1,409,263 bequest (reference – The royalties are paid for the artist’s lifetime plus 70 years.) This adds up to an average of $722 Million dollars per annum in unpaid resale royalties to Australian artists each year. Similar issues occur globally. VooGlue solves this important problem and provides our selling vendor artists with a passive income for life. This is a powerful marketing anthem for bringing artists on board when we start advertising, and no other art sales platform can fully duplicate it. Learn more about the global consequences of VooGlue’s innovation in the investment memorandum.
OTHER PROBLEMS VOOGLUE SOLVES
104 Million ARTISTS -> lost resale royalties (mentioned above), Low sales, low income, low visitor numbers, being locally invisible. Artists in their studio galleries enjoy more fresh visitors who happen to be nearby and see the notification. Artists can increase user engagement with multimedia and all the digital sharing tools and the content stays with the physical artwork. Artists will enjoy passive income from automated resale royalty processing as their business develops on VooGlue.
309 Million ART OWNERS-> Local art is invisible. Busy people are time poor and cannot find it. It’s local art on a global platform – in a free mobile app. VooGlue is a high utility App for directly accessing local art & artists or galleries wherever they travel – because VooGlue delivers notifications about local studio art nearby. Buyers enjoy an enhanced artistic experience via bound multimedia and ongoing authenticity value nurturing with AI scouring the internet for fresh information. Owned art value perpetually increases because of bound art provenance. Plus owners can become re-sellers easily.
77,000 ART GALLERIES -> Limited wall space limits sales. Low engagement from the younger gen’s means declining market size. Commercial galleries extend their wall space to clients’ homes and make more sales. All galleries extend their audience and demographics as bound digital multimedia can re-grow younger-gen markets. Bond provenance and multimedia make art more attractive for visitors and valuable for buyers.
VooGlue sells AND RE-SELLS -> VooGlue does not sell an artwork once. VooGlue sells then re-sells an artwork in perpetuity, creating an exponential business model that can prosper on very low charges to artists and art sellers.
For more detailed information see the over 60-page IM on the link below. (It is behind a login wall)
VooGlue Confidential Business Report & Investment Memorandum
VooGlues Launch Exhibition
