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    The NFT between physical and digital sold by Christie’s

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    redazione
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    The NFT between physical and digital sold by Christie’s

    This is “Block 21”, a work sold in 2020. Let’s find out together!

    Before the revolutionary auction that featured the purely digital work Everydays: the first 5000 days by the artist Beeple, Christie’s had already given way to Crypto Art, selling in 2020 a work that is half physical and half NFT.

    It is Block 21 (42.36433 ° N, -71.26189 ° E), created by Benjamin Gentilli as part of his artistic project Robert Alice and which is part of the Portraits of a Mind series, a corpus of 40 circular panels where they are exactly engraved 322,048 digits of the original code of Satoshi Nakamoto’s Bitcoin (BTC) cryptocurrency.

    “The work is a symbolic expression of Satoshi’s vision, forged by the very code that underlies it all. Portraits of a Mind explores the multifaceted identities of Satoshi Nakamoto, reflecting in turn on the nature of both identity and portraiture in a decentralized era” says the artist.

    Block 21 was sold by Christie’s for $ 131,250 during the postwar and contemporary auction in collaboration with the Async platform, and is one of the first NFT works to sell for such a high price.

    The artist plays with the ideas of time and space, exploring the relationship between digital and physical media. In fact, the work consists of two parts: the material one and the NFT one. The latter changes from day to night, depending on the time zone and location of its physical counterpart. The work, currently set to the New York time zone, was decentralized in over 14 cities around the world, from San Francisco to Tokyo, and took more than 3 years to complete.

    Among the collectors who already in 2020 decided to invest in the NFT works market we find Jehan Chu, Founder of Kenetic, an investment company focused on digital assets. Last month the entrepreneur expressed his opinion on the Crypto Art phenomenon during the webinar held by Christie’s, stating that it is a real opportunity to make the art market more open and inclusive. Despite this, he did not hide his concern towards environmental issues, recognizing the strong impact that the creation of NFT works generates by consuming a lot of energy, but according to Chu technology will be able to solve this problem too.

    Photo Credits: Robert Alice, Block 21 (42.36433° N, -71.26189° E), courtesy of Christie’s

    And you, are you ready to collect your NFT works?

    The 5 most incredible art thefts in history

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    redazione
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    The 5 most incredible art thefts in history

    Raphael, Monet, Vermeer… let’s see together 5 spectacular thefts!

    It’s really been many years since the first documented art theft in history took place! It was 1473 when a group of Polish pirates sacked a merchant ship bound for Florence on which the “Last Judgment” by the German painter Hans Memling was transported!

    Since then 7 centuries have passed and, even if the technologies have become more sophisticated and the means by which they are committed are different, the thefts of works of art continue to be committed!

    Let’s find out the 5 most sensational art thefts of all time!

    5) Three Renaissance masterpieces stolen from the Ducal Palace of Urbino (1975)

    On the night between 5 and 6 February 1975 from the halls of the Ducal Palace in Urbino, three symbolic paintings of the Italian Renaissance are taken away: “La muta” by Raphael with “The flagellation” and the “Madonna di Senigallia” by Piero disappear into thin air. della Francesca! The crime caused a huge sensation especially because the Museum did not have an alarm system ! The works, impossible to sell due to their inestimable value and notoriety, were found the following year in a warehouse in Locarno in Switzerland and have since traveled outside Italy only on the occasion of some rare loan.

    4) “The Scream” by Munch stolen in broad daylight (2004)

    If most of the thefts take place during the night or early in the morning when the museums are closed and the chance of being discovered is less, this theft took place in a completely different way, for all to see! The thieves acted undisturbed during the opening hours, taking a 1910 version of the famous “Scream” and an 1894 “Madonna” by the great Norwegian artist away from the Munch Museum in Oslo . Numerous assumptions about the end of the works, which reappear in the Museum two years later, following six arrests by the Norwegian police.

    3) Impressionist masterpieces taken away from the Musée Marmottan in Paris (1985)

    Another theft in broad daylight, for an operation that is unbelievable! The authors of this coup in fact entered disguised as tourists with an entrance ticket to the Musée Marmottan in Paris, only to hold 40 visitors and 9 guards hostage while they stole nine works by the greatest Impressionists. Among the pieces of the stolen goods there is also the iconic painting by Monet “Impression, soleil levant ” (1872), which due to its great historical-artistic importance has made the value of the robbery inestimable. In 1990 all the pieces were found in a villa in Corsica with the arrest of seven people.

    2) 124 Mayan artifacts stolen from the National Museum of Archeology in Mexico City (1985)

    You don’t need to be a pro to land a big hit, as this theft proves! In 1985, two college students linked to a drug ring stole 124 artifacts, including a priceless jade death mask depicting a Mayan ruler, from the National Museum of Archeology in Mexico City . The fact that two amateurs were able to land a theft of this magnitude caused a huge stir at the time, making it a film in 2018. The two were arrested, but some pieces of the stolen goods were never again found because they were exchanged for drugs.

    1) The Isabella Stewart Gardner Museum in Boston burglarized in 1990

    A 500 million dollar stolen goods for one of the deepest mysteries in the entire history of art! On the morning of March 17, 1990, the Isabella Stewart Gardner Museum in Boston was literally robbed of some of its treasures: a 1633 Rembrandt , a Manet portraying a man in a cafe and finally a very rare 1664 “Concerto” by Vermeer , one of the few known works in the world by the enigmatic Dutch artist. The case is still unsolved and no police lead has been able to lead to a solution, but recently the streaming platform Netflix broadcast a miniseries “This is a Robbery: The World’s Biggest Art Heist”, directed by Colin Barnicle, who tells the incredible story.

    NEWS FROM THE DIGITAL AND NFT WORLD – 03 MAY 2021

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    redazione
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    NEWS FROM THE DIGITAL AND NFT WORLD – 03 MAY 2021

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

    Un’opera del Collettivo Rewind

    1) Christie’s is auctioning paintings and NFTs by the feminist collective Rewind

    On May 14, 2021, Christie’s will auction physical works and NFT works by the digital feminist collective Rewind. For the occasion, the auction house and Rewind collaborated with activist and gallery owner Amar Singh, recently engaged in donating works of art by women and LGBTQ + artists to museums around the world.

    Orlando Merone di Bitpanda Italia

    2)  New record for Ethereum: exceeded $ 3,000

    The Ethereum cryptocurrency scores record values and exceeds $ 3,000. The scenarios that crypto experts have foreseen are all positive. The motivations? Orlando Merone, Country Manager of Bitpanda Italy argues that “Due to the great value offered by Ethereum, the trust and interest of investors that created the initial demand, a combination of circumstances and the” bullish “nature of cryptocurrencies in the last year, the currency is gaining momentum. A trend that in my opinion will not end so soon “.

    3) The results of the last Beeple drop

    The long-awaited Beeple auction on Nifty Gateway has come to an end, sparking the souls of several collectors intent on winning the works of the “BEEPLE: SPRING / SUMMER COLLECTION 2021 蜂 鸟: 2021 年 春夏 系列”. In first place we find the crypto collector tgerring, who with a figure of $ 1,234,567.88 managed to win 6 works, both NFT and physical. To follow, 9 other collectors managed to obtain 5 works, such as the well-known Justinsun and Pablo. For the other 90 participants who offered as many high figures, only the NFT and physical work Abundance will be provided.

    13 Crypto Artists have made NFT works for Netflix

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    redazione
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    13 Crypto Artists have made NFT works for Netflix

    “This Is The Robbery” (in Italian “A shot a work of art: the big heist at the Museum” ) is the new miniseries Netflix which tells the true story of the largest art theft in the world made in 1990 at the expense of ‘ Isabella Stewart Gardner Museum in Boston for a value of stolen works of over 500 million dollars.

    The four-episode Netflix miniseries, directed by Colin Barnicle , tells the clues, red herrings and speculations that have characterized the investigation of this still unsolved mystery, which spares no twists, most recently Netflix’s entry into the world crypto and NFT .

    Netflix has commissioned 13 Crypto Artists to rework the works lost with the theft, transforming them into NFTs put on sale until April 21st on the Knownorigin.io platform : the proceeds will be used to support the artistic careers of the crypto artists involved.

    But how did the most famous theft in the art world take place?

    Half a million dollars in works of art stolen in 81 minutes and never found again: after thirty years the mystery that still surrounds the famous theft of the Isabella Stewart Gardner Museum in Boston has not been solved.

    The Isabella Stewart Gardner Museum was founded in 1896 at the behest of Isabella Stewart Gardner , a collector and patron who traveled the world buying many works of art, then designing a house-museum to house them all.

    The museum has a collection of more than 2,500 works – including tapestries and sculptures – of European, Asian and American art.

    On the night of March 18, 1990, at 1:24 am , two thieves disguised as police officers enter the museum and manage to steal thirteen masterpieces worth over half a billion dollars.

    Among the stolen paintings there are also canvases and sketches by Manet, Degas, Rembrandt and Vermeer to which “Concerto a tre” belongs, with an estimated value of 200 million.

    Despite the offer of a $ 5 million reward , none of the works were ever recovered and no one was ever arrested for the theft. The streaming platform Netflix has thus decided to enter the NFT market by hiring 13 crypto artists called to imagine the stolen works in a digital key.

    Here is the full list:

    Nina Hawkins, “Study for Artistic Soiree I” – “Studies For the Programme I”, Edgar Degas 

    Nina Hawkins, “Study for Artistic Soiree II” – “Studies For the Programme II”, Edgar Degas 

    Shaylin Wallace, “A Twig and Bough in Black” – “A Lady and Gentlemen in Black”, Rembrandt

    Baugasm® – Vasjen Katro, “Portrait of the lost Artist into the Metaverse” – “Portrait of the Artist as a young man”, Rembrand

    REO, “Cherchez Laghost”  –  “Chez Tortoni”, Edouard Manet

    Kahled, “Countryside with Obelisk” – “Landscape with Obelisk”, Govaert Frinck

    ChelseaScreenName, “Procession on a Road to a Crypt near  Florence” – “Procession on a Road to Florence”, Edgar Degas

    Alexander McWherter,”The Storm on The Sea of Money” – “The Storm on the Sea of Galilee”, Rembrandt

    Leonardo Viti, “Ancient Gu of Change” – “Ancient Chinese Gu”, Shang Dynasty 

    Dopepope,, “Dopepope Eagle Finial”, “Napoleonic Bronze Finial”, Eagle Finial 

    Hilly+ X23, “Leaving the Battlefield” – “Leaving the Paddock”, Edgar Degas

    Andre Oshea, “Three Ghost” – “Three Mounted Jockeys”, Edgar Degas

    Simulation Lab, “The Concert Disrupted”- “The Concert”, Johannes Vermeer

    And you, are you ready to discover the stolen works reworked in NFT?

    Photo Credits: Study of an Artistic Soiree I by Nina Hawkins

    It’s Brexit Time: the challenges of the art world between costs and documentation

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    redazione
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    It’s Brexit Time: the challenges of the art world between costs and documentation

    By Laura Viviani

    Laura Viviani, Fine Art Logistic Expert, presents in detail what are the changes and rules that the art market now follows from the entry into force of Brexit, including costs, timing and documentation of the works that can never be missing.

    It is a fact that for over four months now the movement of works of art to and from the United Kingdom has become complex for collectors as well as for operators.

    To send or receive works of art from the United Kingdom it is now necessary to carry out customs checks just like for any territory that is not part of the European Union.

    To analyze the main characteristics and the challenges that the operators of the art world are facing, it is necessary to distinguish between imports and exports, and again between temporary or definitive.

    In definitive importation, the importer is subject to the payment of customs VAT of 10% on the value of the invoice presented for the operation (+ the freight fee). Among the documents necessary for importation, the CMR (international transport document), the invoice, the photograph of the work that we import finally a declaration that it is actually a work of art thus avoiding the object being submitted at a tax rate of 22%.

    In the definitive export, the exporter is not subject to the payment of customs taxes, but it is necessary to complete the customs export formalities, formalities that require the presentation of the fine arts clearance, whatever age or value the exported works have, as well as than a valid export invoice.

    But what happens to a work sent to the UK for attempted sale or exhibition before Brexit comes into effect and which now must return because it was unsold or due to the end of exposure?

    Is the importer subject to the payment of customs taxes on the value? The answer is NO, but….

    Here is that to remedy the payment of 10%, the customs asks for proof that what is declared corresponds to the truth.

    For the collector or the professional, it becomes very essential to be in possession of all the documentation used for the pre-Brexit export, namely: transport CMR, Fine Arts authorization, a formal document with which the English requesting body requested the work by attempted sale or exhibition.

    However, customs will also request a declaration from the owner confirming the reasons justifying the temporary export and a declaration of “unsold” or “deadline” by the English requesting body.

    In any case, both for import and export, the customs always reserves the right to see the work before authorizing the exit.

    So what are the changes being made to art with the entry into force of Brexit?

    COSTS

    In fact, the cost of the customs procedure must now necessarily be added to the cost of transport, which varies at the discretion of the operators present on the market.

    THE TIMINGS

    It takes about 2 working days to get the clearance for a definitive one, a few more days for the temporary one.

    However, the new rules have not discouraged the market. In reality, exports to the United Kingdom have not suffered from the crisis due to Covid and the results are still encouraging.

    DISPLAY: the creative marathon that supports art

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    redazione
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    DISPLAY: the creative marathon that supports art

    Art Rights in support of the first 7-hour Creative Marathon that gives a voice to art workers

    Display is an innovative format dedicated to the most current themes of marketing , communication , business and innovation that uses television schemes and languages, bringing them to digital.

    An online event that tells the future from the point of view of the survivors of the pandemic who have had to face the crisis that has affected all sectors, but above all that of culture, tourism and entertainment.

    A recent report by Ernst & Young shows how entertainment and culture revenues fell by 31% compared to 2019, causing a loss of around 200 billion euros .

    So show business operators, creatives, artists, dancers, actors, event organizers and all those who have had to adapt their business to the restrictions imposed by repeated lockdowns are invited to tell their story on how they were able to invent new business models by investing in digital.

    On May 1st , on the occasion of Labor Day, Display presents ” The Working Heads” , a seven-hour online marathon to tell the testimonies, strategies and ideas of those who risked losing their work, of those who had to reinvent themselves professionally inventing new business models favored by the digital revolution.

    «A reinterpretation of all that is spectacle is underway, through creative ideas born from immobility and assisted by the digital; it’s time to take advantage of the emergence of new ideas and to be able to reinvent the relationship with the public to align it with the necessary change already underway even in the most ancient arts, such as acting and live entertainment ” says Michele Franzese, director of Scai Comunicazione, the agency that created Display.

    How did they do it? How did they move in this long year of detention? What did they invent to resist? In which “places” did they take refuge to continue producing and distributing their art? But above all, how has the world of entertainment, creativity and art changed during this difficult time?

    These questions will be answered by more than 50 guests from the art world where we find Andrea Concas , CEO Founder of Art Rights and media partner of the event , the artist Federico Clapis , Annarita Briganti , writer and journalist of Repubblica, Barbara Tagliaferri , Deloitte Italy Art & Finance Coordinator, the curator Eleonora Brizi and the crypto artists Hackatao , and Arturo Galansino , Director of the Palazzo Strozzi Foundation in Florence.

    «An alternative 1st of May that proposed by“ The Working Heads ”whose purpose is to launch a message of civic“ creative resistance ”from the virtual stage» , they explain from the organization.

    The appointment is at 12:00 on May 1st until 18:00 : to participate in the first Marathon of Creative Resistance it is necessary to register directly on the Display website !

    And you, are you ready to discover the future of art with Display?

    NEWS FROM THE DIGITAL AND NFT WORLD – 30 APRIL 2021

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    redazione
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    NEWS FROM THE DIGITAL AND NFT WORLD – 30 APRIL 2021

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

    1) Georgina Adam states: NFTs are not an advantage for everyone

    Georgina Adam, columnist for the Financial Times and for The Art Newspaper, is convinced that despite the advantages linked to the world of crypto art, this market will not replace the traditional one but rather will go in parallel . According to the journalist, in fact, the crypto world has already begun to imitate the real world both in terms of the more positive aspects , such as digital exhibitions in real galleries, and in terms of problems , especially those related to fraud or property infringement. intellectual.

    2) The photos of Kurt Cobain sold in NFT

    Photographer Jesse Frohman is auctioning NFT of “The Last Session” , the latest photo shoot of Nirvana frontman Kurt Cobain . The auction starts on May 3rd through May 7th. The offer for the single piece “Holy Grail” is 27.27 ETH(about $ 72,000) , but the multiples “Nevermind Editions” and “In Utero Editions ” are on sale at prices lower than 2.7 ETH (about $ 7,000) respectively. and 1ETH (about $ 2,600) .

    3) Picasso in NFT: the turning point of the collector Justin Sun 

    Justin Sun , the founder of TRON and CEO of BitTorrent, announced that the JUST NFT fund has officially launched “The First Collections” , which includes the NFT of Pablo Picasso’s “Femme nue coucheé au collier” . Since its inception, the fund has purchased the best works of the greatest artists on the market, including Picasso and Warhol , with the intention of transforming them into NFTs. 

    The 5 most expensive works by Jean-Michel Basquiat ever sold at auction

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    redazione
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    The 5 most expensive works by Jean-Michel Basquiat ever sold at auction

    Scandals and mind-boggling prices. Let’s find out together the 5 most expensive works of the artist!

    The turbulent soul and the absolutely recognizable style have made Jean-Michel Basquiat one of the most beloved artists in the history of art. His works are characterized by images that are only apparently simple, inspired by African American, African, Aztec cultures and by Jean Dubuffet ‘s Art Brut . In 1988 the tragic event: he dies of an overdose, at the age of 27, an event that will feed the myth of the “tormented” artist and make him a worldwide phenomenon.

    Basquiat is today one of the most appreciated and quoted artists on the art market and his works are sold for millions of dollars. Let’s find out together which are the 5 most expensive works by Basquiat ever sold at auction!

    1. Untitled, 1982 sold for $ 110.5 million

    It is the most expensive Basquiat painting ever auctioned. The work, which sold in May 2017 at Sotheby’s New York Evening Contemporary Art Auction , fetched $ 110.5 million, far exceeding the estimated price of $ 60 million . The painting was bought by Japanese billionaire Yusaku Maezawa , who had bought the artist’s second most expensive work just a year earlier. Upon sale, the painting became one of the 10 most expensive works of all time.

    1. Untitled (Devil), 1982 sold for $ 57.3 million

    The work was sold by Christie’s New York in May 2016 for $ 57.3 million to Japanese collector Yusaku Maezawa. It is a painting considered an icon by Basquiat collectors because it presents the image of the devil, a subject taken up in several of the artist’s works. The sale by the collector Lindemann of Untitled (Devil) was a shrewd choice, as the Basquiat market at that time was experiencing a serious decline and this allowed to focus the auction’s attention on the single work.

    1. Dustheads, 1982 sold for $ 48.8 million

    In May 2013, Dustheads was sold by Christie’s New York for $ 48.8 million. Two years after the auction, a New York Times investigation into money laundering revealed that the work had been sold to Malaysian financier Jho Low , who was later accused of embezzling funds belonging to a government-run company, by he used to indulge in a luxurious lifestyle. Additionally, the work was allegedly used by Low as collateral for a loan from Sotheby’s financial services division , but the proceeds from the loan were used to build a yacht. Low then defaulted on the loan, but a subsequent private sale restored the price to $ 35 million .

    1. Flexible, 1984 sold for $ 45.3 million

    In May 2018, Phillips presented the Flexible work for auction with an estimate of approximately $ 20 million . The choice was dictated by the fact that, unlike many of Basquiat’s works, it is not a painting on canvas, but a support made up of fence strips. What helped reach a sum of $ 45.3 million was the image of a mythical king, a mysterious central figure who appears in Basquiat’s most treasured works.

    1. Warrior, 1982 sold for $ 41.9 million

    The work, depicting a crowned subject wielding a weapon, was sold in March 2021 at Christie’s Hong Kong for $ 41.9 million to a buyer who was on a telephone call with contemporary art specialist Jacky Ho during the auction , thus surpassing Alex Rotter , client of the president of Christie’s New York .

    Christie’s CEO Guillaume Cerutti confirmed Basquiat’s work being sold to an Asian buyer.

    And you, would you like Basquiat’s works in your collection?

    Photo Credits: JEAN-MICHEL BASQUIAT, NEW YORK, 1985. PHOTOGRAPH BY EVELYN HOFER/GETTY IMAGES.

    Crypto Art and Celebrities

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    redazione
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    Crypto Art and Celebrities

    Da Snoop Dogg a Grimes: ecco 5 celebrità che si sono unite al mondo NFT

    After the Crypto Art universe has established itself and managed to grab everyone’s attention, even celebrities want to create their own NFTs.

    Are you ready to discover 5 names of celebrities who have joined the world of Crypto Art?

    1)Snoop Dogg

    Could one of the world’s most eccentric and visionary rappers pass up this opportunity? Snoop Dogg released an NFT collection called “A Journey with the Dogg,” a collection of memories related to the early years of his career and childhood. The auction closed on April 2, and a portion of the proceeds were donated to benefit emerging young artists, and Snoop’s Youth Football League.

    2) Lindsay Lohan

    After selling her token on the Rarible platform in February for $50,000, movie star Lindsay Lohan recently released “Lullaby,” her new NFT music single, on Fansforever. Lohan thus gives the opportunity to experience what she calls “a never-before-seen experience.“

    3) Aphex Twin

    On March 14, DJ and producer Aphex Twin sold on the Foundation platform, his first NFT for $128,000.

    The work is called “afx \ / weirdcore \ blockscanner” and is the result of a collaboration with visual artist Weirdcore.

    The musician stated in a Tweet the following: “we will spend a portion of the money to plant trees and donate to permaculture projects or install them ourselves, depending on what we get.“

    4)  Grimes

    The Canadian musician, after selling NFT works on NiftyGateway for $6 million, has become a household name in the world of Crypto Art as well. The collection, consisting of 10 works, focuses on “WarNymph,” the digital avatar she created for the release of her fifth album “Miss Anthropocene.” NFT present a whimsical and dreamy scenario, in perfect Grimes style. 

    5) Paris Hilton

    The most famous heiress in the world has decided to put her first NFT collection on sale on the Nifty Gateway marketplace. Planet Paris, composed of three works created in collaboration with the designer Blake Kathryn has been a huge success: in a short time the pieces have been sold out. The first two works, Hummingbird Nn My Metaverse and Legendary Love, were sold in series and reached $10,000 each for a total of $220,000, while the last work, Iconic Crypto Queen was sold as a single piece, exceeding $1.1 million.

    And you, are you ready to find out who will be the next star to sell their NFTs?

    Jeff Koons lascia Gagosian e David Zwirner Gallery per andare alla Pace Gallery

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    Jeff Koons leaves Gagosian and David Zwirner Gallery to go to Pace Gallery 

    After years of collaboration, the best-selling artist in the world decides to take another path and the reasons are all to be discovered… 

    Breaking news: Jeff Koons, the living artist who is among the most highly regarded in the art market, has severed his working relationship with Gagosian Gallery and David Zwirner Gallery, which represented him since 2001 and 2013, respectively, to work exclusively with Pace Gallery. 

    The statements released by those involved are of friendly circumstance. Gallerist David Zwirner wished the artist the best, while Larry Gagosian limited himself to declaring that it seems like a “good move”. For his part, the American artist known for his glittering aluminum sculptures sold for millions of dollars simply said “I’ve always liked the idea of having more than one gallery to represent me, where people could turn to find my work. Now it’s time for a change.” The pandemic situation must have led Koons to consider a change of heart in favor of the Pace Gallery founded in 1960 by Arne Glimcher and now led by President and CEO Marc Glimcher.

    Only last year, in April 2020, in the midst of a crisis due to the closure of galleries all over the world, it was Pace itself that was at the center of attention when, despite boasting considerable economic power and eight offices scattered throughout the world, including London, Hong Kong, Geneva and Seoul, the New York office made a 25% cut in personnel, triggering a great deal of discontent.  

    Megas’ crisis seems to be over, and now a new challenge awaits it: to be the only gallery to represent Jeff Koons, the world’s highest-rated living artist. Koons’ first solo show with the new gallery is scheduled for 2022 at the Palo Alto, California location: a single work of art at center stage. This will be followed in 2023 by a single, more impressive show at the historic New York location, where Koons will unveil a new project he’s apparently been working on for years. 

    An announcement that shakes up the art world and that is equivalent to a great change in the ranking of power in this sector. Also because it comes shortly after another resounding abandonment: before Koons, in fact, also the Swiss Urs Fischer interrupted his collaboration with Gagosian to move right into the stable of Pace. A simple coincidence or the beginning of something bigger? 

    While Koons’ motivation related to a professional turnaround might be true, it is also necessary to point out that the artist’s market has been declining in recent years and he has been involved along with Gagosian and Zwirner in multimillion dollar lawsuits for the non-delivery of some works commissioned by collectors such as financier Steve Tananbaum and dealer Fabrizio Moretti.  

    In 2017, sales of the “Gazing Ball” series at Gagosian, had not been particularly brilliant and Koons had thus been forced to reduce the staff working for him. 

    In the meantime, its production has been increasingly oriented towards more high-tech manufacturing processes, a factor that may probably have been decisive in the choice of Pace as a new gallery given the great interest shown by this space in new technologies, also reiterated in its Statement and representing the collective teamLab already from 2019 founders of the largest museum of Digital Art in the world, the MORI Building Digital Art in Tokyo.  

    Pace’s focus on the increasingly important relationship between Art and Technology is a key element that is also directly related to Fischer’s choice: intending in fact to sell his first NFT pieces, the Swiss sculptor left Gagosian, who would have preferred to have more time to consider and reflect on the Crypto Art phenomenon and Blockchain technology.

    In fact, the choice of a gallery is essential for the continuous growth of an artist’s career, even if its quotations are already millionaires: changing path could lead to new and exciting projects.

    We just have to wait for the results of the new collaboration between Jeff Koons and Pace Gallery.  

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