Unicorn Art ClubHow the club deal is run
What you buy
A share in the vehicle (SPV) dedicated to one artist. The vehicle will buy a single work, chosen by the experts after the raise: the work has not been identified yet and members do not choose it. If no suitable work by the artist is found within 12 months, the experts select a work by an artist of comparable standing.
What Unicorn Art Club is
Unicorn Art Club is the art investor club of Unicorn Private LLC, reserved for accredited and qualified investors. Each club deal concerns one artist, not a single work chosen in advance: members commit capital to the artist, and the work is selected and bought afterwards.
Membership is separate from Unicorn Club: own account, own subscription, USD 99 per month or USD 890 per year. The membership fee is not an investment and is not invested.
How the club deal for each artist works
- Minimum commitment: USD 100,000 per member and per artist. For US residents USD 200,000 (individuals) and USD 1,000,000 (entities).
- Payment of the full amount by bank wire or crypto (BTC, ETH, USDT, USDC), separately from the membership.
- Selection window of 12 months, starting when Unicorn Private closes the raise for the artist.
- The in-house experts of Unicorn Private choose one work with verified provenance, condition report and valuation.
- Purchase through a dedicated vehicle (SPV) for each artist: members hold interests in the vehicle.
- Custody in an insured art storage facility.
- Planned exit between 3 and 7 years, through a sale at auction or a private sale decided by Unicorn Private.
If no suitable work by the artist is found within 12 months, the experts of Unicorn Private select a work by an artist of comparable standing.
The club deal
- Status
- Fundraising open
- Minimum per member
- USD 100,000 (US residents: USD 200,000 individuals, USD 1,000,000 entities)
- Selection window
- 12 months from the close of the raise; if no suitable work by the artist is found, a work by an artist of comparable standing
- Vehicle
- a dedicated SPV for this artist
- Expected exit
- between 3 and 7 years, through auction or private sale, decided by Unicorn Private
Costs
The club subscription is separate from the investment and is not invested. Costs of the club deal:
| Club membership | USD 99 per month or USD 890 per year, not an investment and not invested. |
|---|---|
| Unicorn Private fee | only 20% of the gain on the sale of the work. No annual management fee. |
| Custody, insurance and appraisals | borne by the artist's vehicle (SPV), from the capital raised and in proportion to the shares, estimated at 0.5% to 1.5% per year of the value of the work. |
| Purchase of the work (auction or seller commissions, transport) | actual costs borne by the artist's vehicle, paid at cost from the capital raised, with no markup. |
| Setup and management of the vehicle (SPV) | actual costs borne by the vehicle, paid at cost from the capital raised, with no markup. |
| Sale at exit (auction house commissions) | actual costs borne by the vehicle, paid at cost, with no markup. Each member sees the detail in the vehicle documents. |
| Fees charged by your bank or by the crypto network are yours. | |
Capital protection and vehicle rules
Where is the capital held during the 12 months?
During the selection the capital is held in the Mercury account of Unicorn Private LLC. It is used only for the vehicle of the artist you chose: to buy the work and to pay the vehicle's costs.
When do the 12 months start?
When Unicorn Private closes the raise for the artist. From that date the experts have 12 months to choose the work; the end date of the selection is shown on the deal page and in your investments.
What happens if no suitable work is found?
The capital is not returned. If within 12 months the experts do not find a suitable work by the artist, they select a work by an artist of comparable standing, with the same checks on provenance, condition and price.
Who chooses the work?
Only the in-house art experts of Unicorn Private, within the price range shown for each artist. Before purchase every work needs verified provenance, a condition report and a valuation; no external appraisal is required. Members do not choose the work.
Who decides the sale?
Unicorn Private decides when and how to sell the work, at auction or privately, with an exit expected between 3 and 7 years. Members follow the sale in the updates on the work.
How is the work valued?
The work is valued only at purchase and at sale, with no periodic valuations while it is held. Updates on the work and the vehicle documents appear in your investments.
What does Unicorn Private earn?
Only 20% of the gain when the work is sold, with no annual management fee. The vehicle's costs are paid at actual cost with no markup, and each member sees the detail in the vehicle documents.
Download the app
Unicorn Art Club for iPhone and Android is coming soon. You can already join from the web app.
Risk: Investing involves the risk of losing capital.