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    Emily Ratajkowski is selling NFT at Christie’s

    Emily Ratajkowski is selling NFT at Christie’s

    The model claims authority over her own image against the artist Richard Prince.

    The model passionate about art Emily Ratajkowski has decided to sell her first NFT, the work sees the model posing in front of the Richard Prince painting, imitating her own expression.

    In 2014 the artist Richard Prince created the very famous series “New Portraits”, consisting of a large number of photos printed on large canvases, which in turn portray the photos present in the Instagram feed of many well-known personalities, including Emily Ratajkowski.

    The Top Model, surprised to see an image of her hanging on the walls of the Gagosian Gallery, tried to buy the work, but was unsuccessful because it had already been sold to a Gagosian employee and was content to take home another edition for 81,000 dollars.

    Ratajkowski recently took a photo of her posing in front of Richard Prince’s work, transforming it into an NFT.

    The work is titled “Buying Myself Back: A Model for Redistribution” and claims the “reappropriation” of the rights to its image. Thanks to NFTs, it is possible to validate copyrights, through a smart contract, so the model argues that this process can allow women to have greater control over their image.

    The sale of the NFT promoted by Christie’s on May 14 will allow the model to receive financial feedback which, according to Ratajkowski, would compensate the “moral debt” caused by the unauthorized use of her image.

    The issue of the illegal appropriation of copyright is a hot one, in the world of physical art as well as in the crypto one.

    Richard Prince has been sued several times for copyright infringement, regarding the “New Portraits” series, and involved in legal issues due to the use of photographs belonging to others and often without their consent.

    While in the crypto world, DC Comics has banned the use of its characters in NFT works, declaring them the intellectual property of the company.

    In this case, the model uses her image in a provocative way and auction house Christie’s states that: “Emily Ratajkowski boldly claims her image and the commercial properties in it, employing the NFT as an exchangeable metaphor for what she doesn’t have. a physical incarnation ”and finally declares that the lot is presented without reserve price and with an unknown estimate.

    5 contracts that every gallery owner should know

    Here are the contracts that every gallery owner should use in his daily practices

    Whether you are organizing a new exhibition, representing a new artist or lending a work for an exhibition, it is essential to have contracts aimed at regulating your daily operations in the gallery.

    Here are 5 contracts that every gallery owner should know and use!

    1) CONSIGNMENT AGREEMENT

    Specifies the works that the gallery takes over from the artist and is generally made up of a list of works with details such as price and technical details of the work and accompanied by a series of conditions

    Why is it important

    If you have received works for delivery from one or more artists, it is necessary to have a document stating when they were delivered and which ones you received, the technical specifications, the conditions. The Consignment Agreement identifies the obligations of the gallery owner who receives the works, how long he will have their custody and answers questions such as:

    • Why did you receive the works?
    • How long can the gallery owner keep them?
    • Is it allowed to move the works to another space without informing the artist?
    • In the case of a sale, does it refer to a sales account contract with the artist?

    2) LOAN AGREEMENT

    The loan agreement is a fundamental document for the transport of works of art, especially for the loan operation.

    Why is it important

    The contract contains all the loan specifications such as: duration, mode of transport, insurance policy, storage and installation details, use of images and legal aspects.

    3) ARTIST REPRESENTATION AGREEMENT 

    This type of agreement governs the terms and conditions regarding the professional relationship between artist and gallery owner.

    Why is it important

    This document provides the gallery owner and the artist with clarity regarding mutual rights and obligations. Topics to be included in this document are:

    • Type of relationship and representation;
    • Economic matters (relating to payments, prices, commissions and refunds);
    • Expenses (types of expenses and who covers them).

    4) EMPLOYEE OFFER LETTERS 

    This document governs the terms and conditions that legitimize the working relationship between gallery owner and collaborators.

    Why is it important

    This document will help clarify the rights and obligations of the gallery owner as an employer, of employees and external collaborators. First of all, the document identifies the type of contract, job position, legal obligations, salary, the beginning and end of the validity of the contract.

    5) ACCORDO DI RISERVATEZZA 

    The purpose for which these contracts are used is to bind one or both parties to the agreement to keep certain information secret that must be kept “confidential”.

    Why is it important

    The agreement relates to the information that the parties exchange with respect to which it is necessary to comply with the following obligations:

    • keep information;
    • not to use them for purposes unrelated to negotiations or the execution of the contract;
    • not disclose them to third parties or to persons who are not mentioned in the contract;
    • to forget such information once the effects of the contract have ceased.

    Given the changing landscape of relationships between artist and gallery owner, it is important to work with appropriate contracts made by lawyers who are experts in the field of art law.

    The Art Concierge of Art Rights is the largest community of professionals in support of art. Among these it is possible to find experts capable of offering advice in art and tax law to protect artists, collectors and operators in the sector.

    NEWS FROM THE DIGITAL AND NFT WORLD – 06 MAY 2021

    NEWS FROM THE DIGITAL AND NFT WORLD – 06 MAY 2021

    Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!

    1) Sotheby’s accepts payments in cryptocurrency

    The auction house Sotheby’s for the work “Love is in the Air” by street artist Banksy, to be auctioned on May 12 in New York, estimated at $ 3 to $ 5 million, is ready to accept payments in Bitcoin or ETH thanks to a agreement with Coinbase.

    During the auction, bids are accepted in standard fiat currency, but the collector who wins the work will be able to decide to pay the final price in cryptocurrency. It is the first time that an auction house has accepted cryto payments for a physical work of art.

    2) Playboy: NFT’s first collection on display

    Playboy magazine showcases its first collection of NFTs in a virtual gallery on Decentraland!

    The gallery exhibits the works created by the digital collage artist Slimesunday in collaboration with “Liquid Summer”, the magazine’s editorial team.

    3) Crypto Art: over $ 1.5 billion in exchanges

    The boom in Crypto Art and NFTs continues! As of May 4, 2021, the trading volume of the top ten crypto collectible marketplaces reached a record $ 1.5 billion. NBA Top Shot achieved the highest trading volume with $ 549.71 million, followed by Opensea with $ 414.24 million and Crypto Punks in third place with sales volume of $ 299.16 million. Additionally, NBA Top Shot has the most significant number of traders with 357,114 active users, followed in second place by Atomic Market with 239,284 traders and OpenSea with 108,990 traders.

    Photo Credits: “Love is in the air” by Banksy

    The museum dedicated to Beeple’s NFT works was born

    The museum dedicated to Beeple’s NFT works was born

    A visit to Museum B.20, the virtual museum dedicated to the works of the digital artist Beeple

    The record-breaking artist Beeple has officially entered the history of art and from January 2021 it is possible to visit his works within a widespread museum complex consisting of three virtual buildings distributed on three decentralized platforms.

    The project was created by Metapurse the largest NFT fund in the world, founded by Metakovan, the collector who bought the work Everydays: The First 5,000 Days by digital artist Beeple, aka Mike Winkelmann, for $ 69 million from Christie’s.

    Even prior to this acquisition Metapurse owned a large collection of Beeple’s NFT works which included “Beeple Everydays: The 2020 Collection”, “Urbit Galaxy”, “F1 DeltaTime III”, “First Supper” and the first 20 edition of “Beeple Everydays: The 2020 Collection ”.

    Metapurse has commissioned Voxel Architects, a digital designer studio, to build a widespread virtual museum on the Decentraland, CryptoVoxels and Spazio Somnium platforms with the aim of sharing ownership of Beeple’s art collection through the sale of the B20 token.

    The B.20 Museum is the first public art project in virtual reality costing over 2.7 million dollars.

    The museums can only be visited with an avatar that moves within a digital space, with modern and extremely futuristic architecture.

    The collection consists of works worth over 2.2 million dollars: among these we find “The Passion of the Elon” (a giant Elon Musk who is crucified) and “Shrek Too” (which depicts the famous green ogre from DreamWorks Animation) hung on the walls of the rooms like real paintings.

    What is striking about this project is:

    The B20 Beeple Collection is a unique project to share ownership of digital art with a wider community.

    Metapurse’s mission is to democratize access to and ownership of highly sought-after works of art and accelerate the “Cultural Renaissance 4.0” that is taking place within the art world.

    Photo Credits: Screenshot of the inside of the B.20 Museum in CryptoVoxels.

    And you, are you ready to visit the museums dedicated to Beeple’s works?

    8 Italian galleries together to participate in Art Basel Hong Kong

    8 Italian galleries together to participate in Art Basel Hong Kong

    In Hong Kong, 8 Italian galleries join forces to support art and the “made in Italy” market

    On the occasion of the next edition of Art Basel Hong Kong, which will be held from 21 to 23 May 2021, the Italian Cultural Institute in Hong Kong presents a project to support art and the Italian market: Italians, a booth made up of eight Italian galleries exhibiting modern and contemporary Italian artists.

    “The Italian galleries present in the stand supported by the IIC – says the director Stefano Fossati – are the majority of those that normally participate in Art Basel. We remind you that the exhibition organization is very selective and only accepts galleries that have distinguished themselves, at an international level, for their cultural commitment and that guarantee rigorous management transparency. It is not very common for a national cultural institution to support Italian art in a market context; however, I believe that the crisis we are experiencing requires innovative choices, also taking into account the repeated calls from our Government to support the internationalization of Italian companies.

    The idea of the project stems from the need to overcome the difficulties imposed by the pandemic in terms of economic crisis, logistics and travel – reasons that led to the postponement of the fair in 2020 and which made it mainly Asian.

    The unprecedented crisis that Italian art galleries are going through was once again denounced by the trade association ANGAMC, which in a letter to Minister Franceschini highlighted the need to implement strategies to support a sector that actively operates in the contemporary sector and involves over 10,000 professionals.

    In order not to give up the new edition of Art Basel, the Italian galleries have decided to network to be able to bring artistic excellence to China which, as the recent Artnet Art & Tech Report shows, currently represents the heart of the world art market.

    The eight galleries participating in Italians are: Alfonso Artiaco, Cardi Gallery, Galleria Continua, MASSIMO DE CARLO, Galleria D’Arte Maggiore, Rossi&Rossi, Mazzoleni, Galleria Franco Noero

    These offer a parterre of artists ranging from Giorgio Morandi and Lucio Fontana to masters of Arte Povera such as Michelangelo Pistoletto, Giulio Paolini and Giovanni Anselmo, from champions of the Transavantgarde such as Nicola De Maria to internationally successful living artists such as Paola Pivi and Francesco Vezzoli.

    And then again Getulio Alviani, Massimo Antonaci, Bertozzi & Casoni, Alberto Biasi, Agostino Bonalumi, Vittoria Chierici, Lara Favaretto, Martino Gamper, Gian Marco Montesano, Luigi Ontani, Serse and Elisa Sighicelli.

    Italians is part of a larger project aimed at supporting and promoting Italian art in the world: Italian Style, coordinated by Stefano Fossati, director of the Institute, and curated by Fabio Cavallucci, last year Chief Curator of the Bi-City Biennale of Architecture and Urban Planning of Hong Kong and Shenzhen.

    With a series of exhibitions, conferences and initiatives, Italian Style celebrates the relationship between Italian art, design and fashion, exploring that “Italian style” that stands out among all in terms of quality, refinement and harmony between shapes and colors clearly visible in any form of art “made in Italy”.

    Photo Credits: Chant Avedissian at Sabrina Amrani @ Art Basel Hong Kong

    And you, are you ready to discover the eight Italian galleries present at Art Basel Hong Kong 2021?

    NEWS FROM THE DIGITAL AND NFT WORLD – 05 MAY 2021

    NEWS FROM THE DIGITAL AND NFT WORLD – 05 MAY 2021

    Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!

    1) Larva Labs, the creator of CryptoPunks, has launched new NFT avatars

    After the success of CryptoPunks, Larva Labs decided to develop new NFT avatars, the Meebits. These are 3D characters made by algorithm. For one week, CryptoPunks holders were given the opportunity to request one of the 20,000 Meebits available for free. Unclaimed avatars will be sold by Larva Labs on their site and on OpenSea.

    2) Jamie Iannone, CEO of Ebay, evaluates the payment in cryptocurrencies

    EBay CEO Jamie Iannone is considering integrating cryptocurrency payments and NFT auctions. In an interview recently aired on CNBC, Iannone said that “one of the most interesting things about eBay is that when there is a new trend, it appears on the platform. This is what we are seeing in areas like NFTs: we are exploring how to best support this sector. “We just have to wait for eBay’s debut in the crypto world!

    Un post Instagram di Pep Marchegiani

    3) In Pescara, a physical work is sold in NFT 

    This is the work Fat Boy with no name, but with a diaper, created by Pep Marchegiani and tokenized in eight NFTs, which will be auctioned on OpenSea. The physical work was donated to the Art School of Pescara. The operation is the result of a collaboration between the artist, Sapienza Finanziaria and Trasforma Academy, and represents the first case in Italy of a work with fractional and digitized ownership.

    Photo Credits: Pep Marchegiani, “Ragazzino grasso senza nome ma con il pannolino”

    Discovering Palm, the platform environmentally friendly that sells NFT

    Discovering Palm, the platform environmentally friendly that sells NFT

    The sustainable NFT ecosystem for culture and creativity

    The NFT revolution has effectively overwhelmed the art market. In fact, in recent months, artists and collectors have stormed the main platforms for the sale and purchase of Crypto Art works, such as the well-known OpenSea, Nifty Gateway and Rarible.

    The creation processes of NFTs are based on blockchain technology, which on the one hand has the merit of offering guarantees on the ownership and authenticity of the work, but on the other requires high energy consumption and impact from an environmental point of view.

    And here comes Palm, a new ecosystem connected to Ethereum that promises energy efficiency 99% higher than competing platforms. Several partners from the cryptographic world collaborated in the realization of the project, such as Uniswap, $ MEME, Nifty’s, Protocol Labs, MetaMask and Infura. In addition to providing environmental benefits, the platform offers itself as a support for artists and creators through low gas costs and the speed of transactions.

    “I am thrilled to collaborate with Joe, Dan, Joseph and the ConsenSys and Heni teams on this endeavor” – says David Heyman, one of the founders of Palm – “Through Palm NFT Studio, we are eager to collaborate, build and experiment with artists, platforms and intellectual property owners to demonstrate what makes this new format possible and help create an exciting new ecosystem for content creators. “

    The debut of the marketplace took place with the launch of the project The Currency by blue-chip artist Damien Hirst, a collection consisting of 10,000 works on paper transformed into NFT, a collaboration that certainly intrigued collectors and the entire environment of Crypto Art.

    “We are just starting to scratch the surface of what NFTs mean to creators,” says Dan Heyman, CEO of Palm NFT Studio. “It’s amazing to collaborate with Damien Hirst on The Currency Project, which really demonstrates what NFTs can do. Our hope is that by developing projects like this with artists and creatives, we can empower everyone in the creative business to bring their most powerful works to life. imaginative, access the public directly and transform creative industries in a scalable, fair and efficient way “.

    And you, are you ready to find out all about Palm and NFTs?

    The collection of Eli Broad, philanthropist and founder of The Broad museum who died aged 87

    The collection of Eli Broad, philanthropist and founder of The Broad museum who died aged 87

    Eli Broad with his wife Edythe built the great contemporary art museum for the city of Los Angeles

    The billionaire art collector, philanthropist and entrepreneur Eli Broad, a leading figure in the cultural landscape of the United States and, above all, in the city of Los Angeles, has died at the age of 87. Among his activities for art and culture, the foundation of the Broad, a contemporary art museum opened in 2015 that exhibits the collection that he and his wife, Edythe Broad, have built together.

    Real estate and insurance tycoon, while alive he founded the Kaufman and Broad Home Corporation and the insurance company SunAmerica which, according to Forbes estimates, had earned him a net worth of $ 69 billion.

    A native of New York, however, it is on the other side of the US coast, in Los Angeles, that with his wife Edith, a great art lover, they started their own collection by buying from young galleries in the city such as Ferus and Nicholas Wilder.

    “Edye was the first collector of our family, while I arrived later, about 50 years ago. She was my inspiration to collect art,” Eli said in 2016. “I went on business trips and when I was at abroad, she was buying prints. One day, she bought a wonderful poster by Toulouse Lautrec, which I recognized. This intrigued me. ” The first purchase was a drawing by Vincent van Gogh, and since that time the collection has blossomed rapidly.

    Before opening their museum, the couple also played a decisive role in the foundation of the MoCA – Museum of Contemporary Art di Los Angeles in Los Angeles and in the formation of the collection: in fact, the purchase of 80 works by the Italian collector Giuseppe dates back to his years as president of Eli. Panza di Biumo. With a $ 11 million heist, works by Mark Rothko, Franz Kline, Robert Rauschenberg, Roy Lichtenstein and James Rosenquist, estimated today at over $ 1 billion, entered the newborn Los Angeles museum.

    However, the couple’s most important decision was made in 2015: the foundation of The Broad museum to bear their name and show anyone who wanted their prestigious collection that boasts names such as Jeff Koons, Cy Twombly, Takashi Murakami, Cindy Sherman, Christopher Wool, Jasper Johns and Yayoi Kusama. Located in the same street as the MoCA, the Broad stands next to another significant building in the city commissioned by the internationally renowned architect Renzo Piano from the Broads: the Disney Concert Hall. The museum was immediately successful, attracting more than 900,000 people in 2019 alone, and marked the turning point for the cultural transformation of the Bunker Hill neighborhood.

    The impact of the couple on the life and cultural environment not only of Los Angeles but of the whole of America is therefore evident but perhaps this is to be found in one of the most famous maxims of this art lover: “Civilizations are not remembered by their businessmen, their bankers or lawyers. “They are remembered by the arts.”

    Art galleries in Italy are in danger of closing: the ANGAMC cry of alarm

    Art galleries in Italy are in danger of closing: the ANGAMC cry of alarm

    The current crisis is unprecedented, so without strategic actions, art galleries in Italy risk closure: urgent measures are loudly requested by the ANGAMC in a new letter to Minister Franceschini.

    In Italy, the cultural sector and the modern and contemporary art market is supported in part by art galleries, real businesses rooted in the territory, which carry out around 5,000 exhibitions every year, employing over 10,000 operators. (gallery assistants, artists, curators, restorers, specialized transporters etc.).

    A sector that generates a large volume of business, with important repercussions also in other economic areas, such as hotels, restaurants and trade fairs.

    ANGAMC – The National Association of Modern and Contemporary Art Galleries, a trade association, in these days, addressing the Minister of Culture Dario Franceschini, still urges a concrete response for the Italian art system and in particular for the gallery sector, calling for the implementation of strategic actions and the planning of interventions aimed at a rapid recovery of investments in the sector.

    The restrictive measures, the closures of exhibition spaces and the suspension of fair events have compromised the activity of many art galleries, especially in the contemporary sector, which are among the main supporters of young artists, causing an unprecedented crisis.

    Failure to participate in trade fairs, which each year according to the Market Reports and up to 2019 accounted for about 46% of turnover for galleries with a presence at about 4 exhibitions around the world, resulted in a sharp decline and for many not it was enough to rely on online sales, which require professionalism and attention.

    «That of art – underlines the president Mauro Stefanini – is a global and competitive market in which Italy has often found itself on the sidelines due to restrictive and anachronistic rules already exceeded in other competing countries. A clear example is offered to us by the serious problems generated by the failure to implement the reform introduced by law no. 124 (so-called “Competition Law”). In this case, in the face of a laudable attempt to reform the sector in a liberal and European sense, we find that most of the indications contained therein are still largely disregarded. To date, there are many interpretations of the law that make it impossible to operate clearly and effectively and produce a considerable increase in administrative disputes ».

    Difficulties already widely reported last March to Minister Franceschini by the main operators of the art market in Italy gathered in a special working group, called “Apollo Project”.

    Now a new letter sent last April 14, on behalf of the more than 200 associated gallerists and gallerists, underlines the urgency of resuming a dialogue with the institutions and politics, bringing vital issues to the discussion table for art galleries, such as Art Bonus, VAT first market, VAT imports, SIAE / resale right, already submitted to the attention of the Ministry of Culture in the past.

    And if in Italy the stalemate and uncertainty affects art galleries, there is no shortage of examples of excellence and support for the sector in Europe: the “Neustart Kultur” aid program launched by the German government has provided one billion euros in support of the national cultural system, of which 16 million dedicated to art galleries.

    Photo Credits: Galleria Nazionale di Roma

    NEWS FROM THE DIGITAL AND NFT WORLD – 04 MAY 2021

    NEWS FROM THE DIGITAL AND NFT WORLD – 04 MAY 2021

    Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!

    1) Blockparty: a new NFT marketplace

    Blockparty, a project active since 2017 in the music industry, has launched its platform for creating and selling collectibles and NFTs for artists, professional athletes and big brands! An important step forward to offer new features and make NFTs as accessible as possible to a wide audience.

    2) Disaster Girl sells its first NFT 

    “Disaster girl”, the famous meme of a little girl who smiles slyly at the camera while a house in the background is on fire, has been sold as NFT!

    The photo was auctioned on Foundation and bought by a user named @ 3FMusic, a Dubai-based music studio, for 180 ETH, around $ 570,000.

    #FA6E06 Pumpkin by TRAILBLAZERS

    3) Run-DMC released his first NFT 

    For the first time, a collection of NFTs representing a limited edition vinyl album is released. RUN DMC, considered one of hip-hop’s most influential groups, is releasing with 12on12 these NFTs of the work of emerging Los Angeles artist Reena Tolentino, aka “RT”. The drop was launched on Opensea to celebrate the 35th anniversary of the album “Raising Hell” and pay tribute to their bandmate Jam Master Jay.