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Unvalidated Ideas #064

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Sector: Fintech/Art

The art market has 68 Billion dollars sloshing around in it.

The process for buying art is still extremely primitive.

💼 🧠 Build a in-person-required live auction gallery & purchase app for auctions

Enabling people to buy art means increasing liquidity in the global art pool. Gallery hosters generally want two things:

Building an app that makes it easier for people to buy art achieves more sales, and limiting the use of the application to people who have visited the venue is a great way to drive foot traffic.

Making the usage/installation process for anyone running a gallery or auction process means you are saving people time (and making them money).

There's also an up-side here to the conscious consumer who wants to know the provenance of their art -- being able to track where a piece of art was sold and who owned it can prevent forgery and money laundering.

NOTE Why stop with art galleries? Just about any kind of interactive gallery/auction environment could use an app like this.

Also note that when I say "app" I do not mean "the app store" -- a mobile-friendly website is fine (and faster to MVP).

What was in this week's uncut edition?

Like being teased? I hope so, because here's what was in the uncut edition this week:



Don't forget, there's always money in the banana stand 3x more in the uncut edition.

Thanks for reading!

If you liked this letter feel free to criticize, comment on, remix, and share these ideas with your fellow builders and entrepreneurs!

If email isn't your style, you can also get ideas 🐦 tweet by tweet.

Check out the archive for access to editions that have been previously released.

Victor (victor@unvalidatedideas.com)

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