Forget Cryptocurrency, You Can Now Buy A $155,000 Sports Car Using Art
Image via Polestar
Six months into 2021, and paying for goods and services in cryptocurrency has become passé.
Now, automaker Polestar is accepting art as a form of payment for its sports cars. A sibling company of Volvo, Polestar is allowing customers to trade in their fine art for its first car, the Polestar 1.
This first-of-its-kind program will accept a variety of mediums of art, including “paintings, sculptures, photography, installations, and more,” as per Robb Report.
However, your Picasso imitation from high school art class isn’t going to cut it. The piece has to pass a preliminary evaluation by internationally-renowned art advisor Theodor Dalensen, who has worked with the famed Guggenheim Museum and Foundation.
If the artwork passes Dalensen, it will then be valued by auction houses Sotheby’s and Phillips, and once given the seal of approval, the US$155,000 Polestar will be yours.
While the sports car isn’t fully electric like the Polestar 2, it’s still an elegantly designed coupé, powered by a hybrid gas-and-electric engine.
Plus, there aren’t many to go around. Polestar has said it would only be making the car for three years, with production ending this year.
“I love the idea of letting artists and collectors buy a Polestar 1 with art—it is such a special car and we wanted to find a unique way of celebrating it before its production reaches an end,” said Polestar CEO Thomas Ingenlath.
This innovative financing program will run till August 15 in Europe and North America, with Ingenlath describing the vehicle as “hand-made, precious, and tangible, much like a piece of art.”
While it’s possible you may be trading in a piece of artwork valued far more than the car’s retail price, considering its limited production run, it could turn out to be a worthy investment.
Image via Polestar
Image via Polestar
[via Robb Report, images via Polestar]
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