The book is ready to be shipped from Paris, France to New Castle, Delaware. Below are the costs associated with gaining physical custody of the book.
To gain physical custody of the book we must purchase insurance, shipping, customs and storage. The book will be professional crated and shipped via airfreight. The book will be stored at an art storage facility owned by a fine art services company founded in 1976 that specializes in storing, protecting and managing high-value assets. The book will live in a custom crate in a climate-controlled environment monitored daily by in-house engineers in a warehouse that complies with National Fire Protection Association standards under the security of CCTV.
Insurance* - Transit: $20,000 (one time cost) Insurance* - Storage: $2,000/month or $24,000/year Shipping: $2,700 (one time cost) Storage: $500/month or $6,000/year Customs: To be determined
Related Costs: Legal Fees: $15,400 (ongoing) Electronic Scanning and Document Management: To be determined Future Expenses For Public Exhibition Of Book: To be determined
These services require payment in U.S. dollars and an IRL entity to sign the contracts. The Core Team has been working for the past four weeks to set up two corporate entities and a bank account to process payments.
Approximate Costs Related To Storage For One Year (Not Including Customs Fees): $68,100 U.S. Dollar Budget Earmarked For Public Exhibition Of Book: $100,000
The Core Team requests authorization to move $168,100 to the bank account to cover current estimated costs, future customs charges, future electronic scanning and document management costs, future legal fees and future expenses that will arise over the next 11 months related to the public exhibition of the book. The exact costs and balance of the bank account will be included in the monthly DAO Treasury Report.