Winners of this NFT auction may destroy the original Basquiat drawing
In a horrifying, Orwellian plot twist, the upcoming auction for an NFT of a drawing by Jean-Michel Basquiat will allow the winner to destroy the original artwork. The thirst for NFTs – intangible, digital artworks, or “non-fungible tokens” – has already recently resulted in a piece by Banksy being set alight in order that its value (reportedly upwards of $95,000) be safely confined to the digital realm. Now, Basquiat’s Free Comb with Pagoda (1986) is the latest potential casualty of collectors’ iconoclastic desire to acquire art as exclusive digital assets at the expense of the...
Source: dazeddigital.com