Warhol’s digital works auctioned as non-fungible tokens

Warhol’s digital works auctioned as non-fungible tokens

Monday, 7 June, 2021

The Warhol Foundation decided to auction the artist’s early digital works as non-fungible tokens on the blockchain. It offers collectors a unique chance to own 5 of Warhol’s artworks, which were recovered by artist Cory Arcangel and members of Carnegie Mellon University Computer Club and Frank-Ratchye Studio for Creative Inquiry, back in 2011. The auction was set to take place from May 19 to May 27 and the money raised from the auctions is meant to finance the foundation’s grant program set up to support artists. Interestingly, original Warhol’s images were stored on 1.4-megabyte floppy disks, but artworks sold by The Warhol Foundation are restored and preserved files. It causes controversy in the artistic circles, given that they are not “original” in the full meaning of the word. 

 

Source:

https://news-artnet-com.cdn.ampproject.org/c/s/news.artnet.com/market/andy-warhol-nft-christies-1971474/amp-page

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