FAQs
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NO-it is so much more!
Premier Art Acquisitions, Inc. acquires art for the purpose of creating a store of value, much the same way the gold held in Fort Knox backed the US dollar prior to 1974. Premier Art Acquisitions, Inc. will curate and manage the collection made possible by PREMR holders. There is no intent to ever sell the art, but instead hold it in an ever-growing asset portfolio that will appreciate in value as history has shown us truly fine art has done over the centuries. It is the primary purpose and vision of the Premier founders to create a currency that is backed by an unparalleled and ever-growing collection of the world’s finest art as regulatory environments change and evolve.
Unlike traditional fiat currencies issued by governments, whose buying power is diminished each year because of inflation, if centuries of appreciation in art values holds true, the value of the Premier Art portfolio is likely to appreciate in value. The PREMR token is a representation of that portfolio.
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PREMR uses the Chintai.io platform and will be providing the first offerings under US Securities laws under an exemption from registration. Initially, investment will be limited to accredited investors. The PREMR Token is subject to all applicable securities regulations.
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Initially, these digital asset securities can be resold to other accredited investors, subject to the restrictions under applicable SEC regulations, and as set forth in the offering and subscription documents. Premier’s ultimate goal is for PREMR to be freely traded with anyone, which cannot be done under current applicable securities laws and regulations. Premier is committed longterm to working through lawful channels to make PREMR available to everyone to be used as a secured, asset backed currency.
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Initially, PREMR will not be utilized as a currency for purchases of any kind. However, the goal is for PREMR to eventually be utilized as a currency. Premier’s ultimate goal is that in the future, individuals, art dealers, as well as other merchants, will have the option of accepting PREMR as a form of payment.
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Currently, PREMR is a Security Token, and is, therefore, subject to all securities regulation. Premier will remain compliant with SEC and other regulatory requirements. Premier will stay on the cutting edge of changes in technology, the law and regulations to make PREMR more easily exchangeable so it may function the same as a digital currency if and when regulations allow.
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Upon launch, users must use the Chintai.io platform, or another exchange trading digital assets on which PREMR may be offered, and will not be able to use traditional crypto wallets, such as Coinbase, Kraken, Metamask, etc.
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Initially, only Accredited Investors who have completed and satisfied the onboarding AML and KYC requirements are eligible to purchase PREMR.
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The works of art in the Premier Art Collection will be visible to subscribed members, in the “Collections” section of the Premier.art website. As the works are placed on exhibit in museums and other exhibitions, their location will be notated within the art profile.
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If someone is interested in selling their art, they should contact Premier Art Holdings Ltd. at info@premier.art. They will then be forwarded to Premier’s acquisition partner division, where the art will be thoroughly vetted by Premier’s curators to see if it is right for the collection.
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Think of the art in Premier’s portfolio as the gold in Fort Knox. The intrinsic value of the art, which has a proven history of appreciation for centuries.
*Premier Art Acquisitions, Inc. evolves, and regulations change, FAQs will be updated. Answers in FAQs are based on current operations and understandings of regulations. Nothing on this website is intended as an offering of a security, Premier does not solicit investors, and the information on this site is for informational purposes only.