A collector has a $2million dollar Monet but is unable to get more than $1million of loan value. As he needs the money and is unable to sell the work at auction due to the auction house having too many Monet works that season, the collector decides to issue shares of his Monet using the Global Art Platform. 

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He sends the artwork to the nearest GART fine art storage facility  where the work is carefully catalogued for detail and sealed in a tamper-proof and condition neutral crate. The crate is audited and signed off by recognized auditors, and is assigned an unique ethereum address.

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The collector signs a legally binding agreement stating that all tokens generated based on this Ethereum address represent legal ownership shares based on the total number of outstanding shares. 

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GART creates a "MonetCoin" that represents X shares of the collector's artwork, and promotes the artwork for sale to its network of art buyers and crypto enthusiasts. 

 

Customers interested in owning a "share" of a real Monet bid for each token and are free to exchange as needed.