Four artists have launched an initiative where 350 thousand women will donate $11 (€10) each to reach the figure of $3.8 million (€3.5 million). What will happen to the island once the project is completed?
Discover the world’s most interesting financial news with the Born2Invest mobile app. The app provides its readers with access to the latest news in the stock market, finance, global business, and trending topics like bitcoin, cryptocurrency, and crowdfunding.
Legends about the island
The Isola Delle Femmine is a handkerchief of land off the coast of Palermo. It is dominated by a 16th-century watchtower and there is more than one legend circulating around its name and history. One of which tells of the exile of thirteen young Turkish women, and that the ghost of one of the woman still circles and haunts the beaches.
Or, that the Count of Capaci fell in love with a woman and had her imprisoned on this island so that no other man would touch her which led to her committing suicide. In fact, for two centuries, the Isola Delle Femmine has been the property of the aristocratic family of Capaci.
Island managed by women only
Since 1997, it has been a Natural Maritime Reserve established by the Sicilian Region to protect the local floristic heritage, and also used as an observatory to facilitate the stopover of migratory species, managed by the LIPU Lega Italiana Protezione Uccelli.
Since 2017, the island has been put up for sale by the family for $3.8 million (€3.5 million). By a strange irony of fate, it may be the historical moment of redemption: from a place of imprisonment and exile to a “kingdom” owned and managed only by women.
The island of women
What is the idea of this crowdfunding project? Four artists: Stefania Galegati, Valentina Greco, Claudia Gangemi, and Marcela Caldas, the idea was to launch a big crowdfunding campaign through the Associazione Femminote, to collect 350 thousand women willing to donate $11 (€10).
The fundraising is open from February 15th on https://www.isoladellefemmine.net/. It will also be possible to meet the artists and donate a fee in person on February, 29th, at the Pantaleone Gallery in Palermo, where there will be the opening of the exhibition She is-land by Stefania Galegati dedicated to the project.
An ecological project
“The project is a symbolic gesture of resistance and heterotopia,” more information can be found on the Facebook page of the Palermo gallery. “It allows to dream and reflect on issues such as the management of the common good and private property, the protection of the territory, feminism and its drifts, openness to failure and weakness.
If the artists will manage to reach the necessary quota and grab the island, they will be the legitimate owners, together with the many other donors. It is natural to wonder, what will become of its destination? Will it remain the outcome of a beautiful artistic happening, with a strong symbolic charge, or will the world try to use it as a cultural destination? The artists have no doubt: the only purpose is to “leave the island alone” and maybe make it an “artistic outpost.”
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Artribune, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Legalization trend drives cannabis ETFs to significantly grow
More and more US states are legalizing the use of cannabis. The trend around the plant is not only boosting...
VB Devices closes a €1.1 million round to consolidate its market entry
The operation of the Spanish startup VB Devices has raised more than $488,000 (€400,000) between new investors and current partners...
ESMA now wants to regulate ESG rating agencies
ESMA focuses on two “pain points” with regard to ESG ratings. On the one hand, it calls for minimum regulatory...
Bitcoin whale alert: major investors dump large amounts of BTC
Bitcoin whales have sold off larger amounts of Bitcoin (BTC) this month, according to the latest data from aggregator Glassnode....
ARisk, the startup of predictive risk algorithms, closes €350,000 round
ARisk, a university spin-off of the Polytechnic of Turin, founded by former Consob chairman Giuseppe Vegas, which develops predictive risk...
Featured6 days ago
Sella Data Challenge, Banca Sella’s challenge for new data-driven fintech solutions
Business5 days ago
One eye on the future, another on the past— LODE is solving the gold and silver liquidity problem
Featured5 days ago
Amundi will pay managers based on ESG returns
Business5 days ago
The markets continued their relentless climb with new all-time highs once again