One MetaBirkin featured an animation of a 40-week fetus growing in the bag, which was sold for around $23,500, Hermès said in its complaint.
Rothschild has released 100 MetaBirkins, but said he had plans to make 1,000 total, according to court filings seen by Insider. Each was typically sold for $450.
Hermès sued Rothschild on January 14, 2022, saying his creations had diluted its Birkin trademark. It claimed in its complaint that the artist had sold $1.1 million worth of MetaBirkins, and that one of the NFTs was sold for as much as $45,100. Meanwhile, Rothschild's lawyers said he made around $125,000 in total from the sales of the digital goods, including royalties of 7.5% of secondary sales.— registering a trademark, usually of well-known brands, to ransom it or profit from holding the trademark.
Hermès said in its complaint that MetaBirkin sales stemmed from Rothschild using the name"Birkin," and that his brand"simply rips off" the luxury firm's product., saying they were protected as free speech. During opening arguments in court, Rothschild's lawyers challenged whether people rich enough to buy Birkins,
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