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In our last post we considered the ongoing case of Amir Soleymani vs Nifty Gateway and the contractual risks around NFT terms of sale. Below, we…
If the cancelled sale of a Basquiat NFT is anything to go by, disputes about intellectual property will affect the course of the big NFT adventure
Winner will be selected in December after last year's award was cancelled owing to the pandemic Array Collective, The North is Now (one week after decriminalisation) 2020. Simon Mills B.O.S.S. Evan Ifekoya, Ritual Without Belief 2018. Courtesy the artist. Photo credit: Andy Keate B.O.S.S. at Somerset House, 2019. B.O.S.S. A portrait of B.O.S.S. Theodorah Ndovlu Cooking Sections, Mussel Beach, 2019. Cooking Sections Cooking Sections, Salmon A Red Herring 2020. Tate Britain A portrait of Cooking Sections. Ruth Clark Gentle Radical, Doorstep Revolution. Gentle Radical Gentle Radical, Deco...
Free Comb with Pagoda has been pulled from OpenSea after his estate clarified that it will still retain the drawing’s license and rights. The Basquiat archive’s licensing agent David Stark confirmed to The Art Newspaper that the Basquiat estate still owns the copyright of the 1986 mixed media work. “No license or rights were conveyed to the seller and the NFT has subsequently been removed from sale,” he said in a statement. The auction of the NFT was sponsored by DAYstrom which initially shared that the sale will include “all related IP and copyright in perpetuity” and that the h...
Photo: Ray Stubblebine; not the NFT Basquiat, AP A Jean-Michel Basquiat has possibly averted annihilation by NFT. Earlier this week, a seller who only identified themselves as “DAYstrom” attempted to auction an NFT of Basquiat’s 1986 drawing Free Comb with Pagoda, granting the winner the option to destroy the work so that only the NFT would survive. Whether the whole thing is a genuine sales pitch or ticket scalping or a joke or an artwork plumbing the nihilistic depths of NFTs, DAYstrom made the point: Some people just want to watch the world burn. The Art Newspaper reports that the B...