A receipt granting ownership of an “invisible work of art” by famed French postwar artist Yves Klein will go under the hammer next month for as much as $550,000. NFTs
” by famed French postwar artist Yves Klein will go under the hammer next month for as much as $550,000, according to Sotheby’s Paris, which said Klein’s “Zones of Immaterial Pictorial Sensibility" works were a precursor to today’s wildly popular non-fungible tokens.front of one of his Blue Sponge Sculptures, France, late 1950s.zone de sensibilité picturale immatérielle
— over several years in exchange for gold, but very few of the receipts still exist, according to the auction house, because many of the buyers opted to take part inwith Klein that involved burning the receipt and throwing half of the gold into the Seine River in Paris. The auction, to be held April 6, will include a 1959 receipt declaring the holder an owner of the invisible zone, Sotheby’s Paris said .
This particular piece was saved by art collector Jacques Kugel, who chose not to burn his receipt, and Klein used the gold from the transaction for his giant “Klein’s “invisible” pieces can be viewed as a precursor toand other digital art forms that have grown in popularity over the past year, according to Sotheby’s Paris, which said it will accept cryptocurrency in the sale of the receipt, a first for the 55-year-old French arm of the auction house.
The receipt has been on display at galleries all over Europe, including the Reina Sofia in Madrid, Centre Georges Pompidou in Paris and the Hayward Gallery in London.to Klein’s work completed more than six decades ago when NFTs exploded in popularity last year. The ownership of NFTs, which often take the form of virtual artwork, is recorded on the blockchain. For Klein’s invisible zones, “ownership” can only be proved with one of his physical receipts, which were often burned in a performance.
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