In June 2020, Cirio launched the project Derivatives online, with a database of over 100,000 Sotheby’s auction records he assembled over several years. Cirio overlaid the auction prices on the images works to sell them as digital artworks on the website Art-Derivatives.com for a fraction of the value set at the auctions. Cirio designed a "future" financial derivative contract for the sale of his derivative works. By betting against future prices of derivative works, with Cirio’s concept everyone can ironically participate in the financialization of art. In addition, the project campaigns for enacting more transparency and fairness in the art market. In order to provoke regulation, Cirio has investigated secrecy and manipulation of art auctions with extensive research . This project was reported by the international outlets as a controversial and investigative work.
