Sample record · Illustrative
The record behind Rothmere Collection, Lot 12: every document, who produced it, their credentials and track record, and what ACAN certified.
The certificate
ACAN certifies the record, not the painting. It checks that the right experts have reported and records what they found. The judgment stays with the people taking the risk.
Investors, insurers and lenders make those judgments from the record.
Documents on record
Each entry shows what was presented, who produced it, what they found and when it was reviewed.
Identity and compliance
Licensed compliance provider CP-004
The family trust, its trustees and beneficial owners were identified, and identity, sanctions and source-of-funds checks were passed.
Presented day 1 · Reviewed day 3
Provenance and title
Provenance researcher EX-2187
Ownership traced from a 1780s collection through two later collections and the family. One gap, 1939 to 1947, is closed by the family bank's wartime storage records.
Presented day 9 · Reviewed day 14
Provenance researcher EX-2187
No matches in two international registers of stolen and looted art.
Presented day 9 · Reviewed day 10
Counsel EX-0930
Clean title held by the family trust. No export, cultural-property or endangered-materials restriction applies.
Presented day 16 · Reviewed day 18
Authentication
Art historian EX-1042
Attributes the work to the named master. Workshop assistance in the background landscape is possible.
Presented day 21 · Reviewed day 24
Catalogue raisonné committee member EX-1388
Agrees with the attribution. The work is listed in the catalogue raisonné.
Presented day 27 · Reviewed day 29
Conservation science laboratory LAB-031
Tree-ring dating of the panel gives an earliest felling date of about 1491. All pigments are consistent with the period, and no modern pigments were found.
Presented day 30 · Reviewed day 33
Existence and condition
Conservator EX-0655
Stable. Minor retouching in the sky is documented. The panel was cradled in the 19th century.
Presented day 31 · Reviewed day 33
Certified imaging professional EX-0719
High-resolution, infrared and raking-light images captured, and a physical fingerprint registered.
Presented day 31 · Reviewed day 32
Value
Accredited appraiser EX-1504
Fair market value of $150.0M, based on comparable sales.
Presented day 38 · Reviewed day 41
Custody, structure and cover
Licensed custodian CU-012
Received into a bonded vault. The fingerprint was re-checked on arrival and matched.
Presented day 45 · Reviewed day 45
Counsel EX-0930, with a notary
Title conveyed from the family trust to the Rothmere Lot 12 SPV, executed before a notary.
Presented day 49 · Reviewed day 50
Fine-art insurer IN-007
All-risks fine-art cover in place for the full appraised value, renewed annually.
Presented day 50 · Reviewed day 50
Who produced it
An opinion is only as good as the person giving it, so each expert's credentials, history on ACAN, fee and conflicts are part of the record. How experts join the network.
Caveats on record
Doubts and qualifications are recorded alongside conclusions. Nothing is edited out.
The attribution opinion notes that assistants may have painted parts of the background landscape. Attributions like this can change with new scholarship.
The panel and pigments fit the period. They cannot show who held the brush.
Ownership from 1939 to 1947 is documented by the family bank's storage records, not by the family's own papers.
Few works of this kind sell in any year, so the appraisal rests on a small number of sales.
The condition report documents minor past retouching. It is stable and does not affect the attribution opinion.
Event log
A record keeps going for as long as the token exists. Every event is logged, and new reports go through the same review.
Every required document was presented, reviewed and recorded.
A licensed issuer offered 25% of the SPV to verified, accredited investors on the ACAN marketplace.
The family pledged part of its remaining 75% as collateral for a loan from a licensed lending partner.
The custodian re-checked the painting against its fingerprint. Matched each time.
All-risks cover renewed for the full appraised value.
The same appraiser valued the work at $172.2M, up 14.8%. The new report was presented, reviewed and added to the record.
Who decides
Investors decide whether to buy, insurers decide whether and how to cover, and lenders decide what to lend. ACAN makes sure they are all looking at the same complete record. See our risks and disclosures.
