Page 2 - Free Comb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SHARE The NFT of a drawing by Jean-Michel Basquiat has been withdrawn from auction after the artist’s estate spoke out against the sale. On Monday, Basquiat’s Free Comb with Pagoda, a mixed-media work on paper from 1986, was put up for auction on OpenSea, an online marketplace for NFTs (non-fungible tokens), sponsored by a firm called Daystrom. Bidding was set to start at one Ethereum, or about $2,500. The winning bid would have given the buyer access to a token of the work, as well as its IP and copyright. There was another detail about the sale that raised eyebrows – the buyer would...

Announced earlier this week, the sale offered Basquiat’s mixed media work Free Comb with Pagoda (1986) on OpenSea marketplace, with bidding starting at one ethereum (which equates to approximately $2,700).  In a destructive twist, buyers were also offered the chance to have the original artwork “deconstructed” to make the NFT the “only remaining form”. The listing, backed by self-proclaimed “digital provocateurs” Daystrom, claimed the transaction would “memorialise ownership”, also promising “reproduction and IP rights that will be sold to the highest bidder in perpetuit...

The Banana Art Prankster Is Teaming Up With Dole on an NFT — The artist David Datuna—you know, the one who ate Maurizio Cattelan’s $120,000 banana at Art Basel in 2019—is collaborating with none other than Dole on an NFT art drop. The works will be auctioned off via Rarible in two weeks to raise raise money for the Boys & Girls Clubs of America and to raise awareness about food insecurity in the U.S. ( Press release) Tate Modern Legal Fight Against Its Neighbors Heads to Supreme Court – Residents of a luxury apartment complex next to Tate Modern have taken their battle to close off...

Jean-Michel Basquiat's Free Comb with Pagoda (1986) Image: DaystromNFT An NFT of a drawing by Jean-Michel Basquiat has been withdrawn from sale on OpenSea after the late artist’s estate confirmed the seller does not own the licence or rights to the work. David Stark, the licensing agent who deals with Basquiat’s archive, tells The Art Newspaper: “The estate of Jean-Michel Basquiat owns the copyright in the artwork referenced. No license or rights were conveyed to the seller and the NFT has subsequently been removed from sale.” The auction of the NFT of the 1986...

Jean-Michel Basquiat, Free Comb with Pagoda (1986) Image: DaystromNFT First there was the burned Banksy, now the winning bidder of an NFT of a drawing by Jean-Michel Basquiat will be given the option to destroy the original. The 1986 mixed media work on paper, Free Comb with Pagoda, was bought privately in 2015 for an undisclosed sum. It had previously been offered at Heritage Auctions in Texas in 2012 for $80,000-$120,000, but failed to find a home. The work is now being sold on OpenSea marketplace, where bidding starts at one ethereum (the equivalent of around $2,5...