LMSTX LiesMaculanStocks: 1 Artwork - 7,700 Shares

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 

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: [email protected]    

Maria-Anna Goess
Telefon: +43(0)664/314-8806
Email: [email protected]

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 .