Whenever valuable contemporary artworks are burned, there’s definitely a media stunt.Damien Hirst, whose new exhibition, “The Currency,” involves burning a series of his works, it was most likely to be considered.
Hirst, estimated to be the UK’s richest living artist, opened the exhibition on September 23 at his private gallery, the Newport Street Gallery in London. The 57-year-old artist is no stranger to pulling publicity stunts. Critics either love or hate him – either way, his success in the art world is unbelievable.
Following star artist, Jeff Koons, Hirst is now working with NFTs. In 2021, he linked 10,000 specially-produced unique dot paintings to NFTs and sold them to the public for $2,000 each (€2,055). The buyers then had a year, until July 27, 2022, to decide whether to keep the digital token or exchange it for the physical artwork.
The artworks whose owners decided for the NFTs are to be burned. Hirst himself will set alight a pile of the works on October 11, a day before the opening of London’s Frieze Art Fair, one of the world’s biggest contemporary art fairs.
Hirst described his project to “The Art Newspaper” as his “most exciting by far,” touching on the “idea of art as a currency and a store of wealth.” It’s no accident that governments decorate coins and notes with art: “They do it so that we trust in money. Without art, it’s hard for us humans to believe in anything.”
This news is published and verified by the NFT News media team.
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