Polestar will let you trade in art for a new car
âSwedish automaker Polestar is known for exploring new ways of doing business in the auto industry,â Swedish automaker Polestar said. (Talking about your own business in the third person is a common trait in press releases, especially for high-end products). Its latest innovative bet is, indeed, a new way of operating: you can trade your way in for a Polestar.
Offer only applies to the Polestar 1, a nice 619 horsepower plug-in hybrid sports coupe. The company explains, âPotential buyers will be offered the option of paying for the $ 155,000 vehicle by trading in artwork they already own.
Offer ends August 15, or when the last Polestar 1 has been sold. We don’t know exactly how many are left. But the company has announced plans to stop taking orders for the car in February, so there probably aren’t many left.
Don’t bring a bunch of children’s artwork from the fridge
The company said it would “consider all art forms, including paintings, sculptures, photography, installations and more.” The proposed crafts will require the approval of “Theodor Dalenson, a leading private art advisor”.
If he signed the exchange, famous auction houses Sotheby’s and Phillips would place a value on the artwork. âIt is Polestar’s intention, after a period of ownership, to sell the art, either through the above auction houses or through dealers who represent the artists,â the company said.
Abstract expressionism gives you a 0-60 time of 4.2 seconds
And what will you get for the spare sculpture in the lower garden? The 1 uses a turbocharged and supercharged 2.0-liter 4-cylinder engine and a pair of electric motors driving the rear wheels. The 1 can only drive on electricity for 52 miles before the gasoline engine starts. The US Department of Transportation estimates that the average American travels 27 miles a day or less. So, concretely, a Polestar 1 will work like an electric car in everyday driving.
It displays a 0-60 mph time of 4.2 seconds.
Trading art for a car is new, but Polestar is the second automaker to experiment with non-traditional payment methods recently. Tesla briefly accepted Bitcoin as a payment method for its cars earlier this year.