Subscription
Subscribe against a live mark
Tranche pricing is quoted against the dAPI book value, with a minimum commitment of HK$500,000 and eligibility limited to Professional Investors.
Subscription tiers
EST-C represents forward operating cash-flow income rights. The discount prices the time value of money, the policy window premium and early liquidity risk.
Allocation calculator
- EST-C allocated
- 11,764.71 EST-C
- Book value at ¥155
- ¥1,823,529
- Price gap value
- +¥823,529
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Illustrative only. Open to Professional Investors as defined by the Hong Kong SFO. Not an offer or a guarantee of return.
EST-C is a security-type RWA offered solely to Professional Investors as defined by the Hong Kong Securities and Futures Ordinance (individuals with liquid assets of at least HK$8,000,000; minimum commitment HK$500,000). EST-C carries only offshore operating cash-flow income rights — it conveys no title to any artwork, no auction or disposal right, and no direct claim on collection appreciation. The per-token book figure is a static dAPI observation indicator: it is not a secondary-market price, not a redemption guarantee, and not price support. Third-party appraisal value is not realisable value. Nothing on this site is investment advice, an offer to the public, or a certification by any regulator. Onshore artworks remain onshore; only lawfully assignable revenue rights are transferred offshore.