On December 1st 2022, in the Miami sunshine, ARCUAL celebrated the launch of their salesroom. This new application enables seamless gallery and resale terms between artists, gallerists, and collectors, offering verified information about a consigned artwork.
Raúl Cordero’s Miami-inspired work, We Want Magic, Not Reality, presented by Mai 36 Galerie, was the first physical artwork to be sold and recorded on the Arcual blockchain. Raul and his gallery defined the consignment agreement between them, including resale terms for the artwork, the consignment terms for the gallery, as well as the price, and then sent the agreement to sell the work – all through Arcual.
This marked the first step of Arcual’s journey to put artists back at the centre of the art ecosystem, offering them greater ownership, transparency, and participation in their own markets.
