Tag: Crypto

What Happens When Crypto Kids Watch an Art Auction? How Big Will Immersive Botero Be? + Other Questions I Have About the Week’s Art News

Curiosities is a column where I comment on the art news of the week, sometimes about stories that were too small or strange to make the cut, sometimes just giving my thoughts on the highs and lows. Below, some questions posed by the events of the last week…   1) What’s That Sausage Roll Emoji Mean? No doubt about it: The fun place to ...

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Crypto Tycoon Buys $78 M. Giacometti at Sotheby’s – ARTnews.com

On Tuesday, Justin Sun, the Hong Kong-based CEO of the cryptocurrency platform Tron, said that he purchased Alberto Giacometti’s Le Nez (1947) for $78.4 million during Sotheby’s sale of the Macklowe collection in New York, which saw 35 lots bring in a staggering $676 million. The Giacometti sculpture features a figure with an elongated nose that is suspended from a wire in an open ...

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Banksy Collectors Can Now Bid Millions in Ether Crypto at Sotheby’s Next Week, a First for a Live Sale

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Friday, November 12. NEED-TO-READ Changing the Narrative Around Black Artist ‘Discoveries’ – Author Chibundu Onuzo is pleased to see that a number of Black artists doing better in the contemporary art market, but expresses concern over ...

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The Buyer of Banksy’s $25.4 Million Shredded Work Is a New-to-Collecting Crypto Entrepreneur + Other Stories

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Thursday, November 5. NEED-TO-READ Holland Cotter on the New Museum Triennial – The current art world penchant for figurative painting is all but absent from the New Museum Triennial, which is dominated by smaller, scrappier ...

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Art Industry News: Hopping on the Crypto Train, Art Basel Will Let VIPs Turn Themselves Into NFTs in Miami + Other Stories

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Wednesday, November 10. NEED-TO-READ Yayoi Kusama’s Retrospective Sold Out Before It Opened – The power of Yayoi Kusama remains undimmed. A retrospective of the Japanese artist at the Tel Aviv Museum of Art sold 150,000 tickets ...

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Visa Acquires Crypto Punk, Signaling Entrance into NFT Market – ARTnews.com

Visa acquired an NFT by Larva Labs for 49.5 ETH, or about $150,000, for the company’s collection on August 19, signaling a major entry into the NFT market by the financial services firm. Titled CryptoPunk #7610, the NFT is part of a series known as “CryptoPunks,” considered one of the first NFT projects ever launched. “CryptoPunks” comprises some 10,000 pixel portraits with randomly mixed ...

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How Online Exhibitions Create Value for Crypto Art – ARTnews.com

This past winter, the NFT hype cycle touted the emergence of an art market without gatekeepers, where value was determined by creators and collectors—often the same people—rather than dealers, curators, and advisers who maintain authority by limiting access. But as the market grows it seems like stakeholders in the community have realized that well-kept gates have a wayfinding function. They help audiences navigate a ...

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From tattoos to tokens at Tokyo’s first crypto art show

Tokyo: Tokyo tattoo artist Ichi Hatano, who had lost his normal business during the pandemic, is now keen to uncover new revenue streams at Japan’s first crypto art exhibition. Hatano’s ink, made from Japanese folk creatures, was especially popular with foreign tourists until Japan closed the tourist border with COVID-19. Hatano is currently digitizing and selling his designs as non-fungible tokens (NFTs). This is ...

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Transgender teen’s crypto art series fetches $2.16 million at Christie’s

A transgender teen’s physical artwork and non-fungible tokens netted $2.16 million at auction at Christie’s on Wednesday.“Hello, i’m Victor (FEWOCiOUS) and This Is My Life” included five lots by 18-year-old Victor Langlois, aka FEWOCiOUS, a rising star in the increasingly popular — and lucrative — world of NFT art.An NFT is a blockchain-powered unit of data that authenticates ownership of digital objects — images, ...

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AI Artists in the Crypto Space – ARTnews.com

When Christie’s hosted its first Art + Tech Summit in 2018, the topic was the blockchain. The second edition, in June 2019, focused on artificial intelligence. Blockchain and AI are two big, buzzy topics, and they have intersected in unexpected ways, especially during this year’s crypto art boom. Artists whose work uses generative adversarial networks (GANs)— algorithms that pit computers against each other to ...

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