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Andy Warhol’s painting turned into NFT tokens
The CUBIC community will put up for sale NFT fragments of Andy Warhol’s painting. The artist’s work is divided into 961 parts, with an approximate price of $ 55 each. Anyone can become their owner. If all the fragments are sold, the total cost of the illustration will be about $ 53,000.
The sale was initiated by the Mexican art collector community CUBIC, which announced it on its Twitter page.
Our first masterpiece is an #AndyWarhol! 🟩🎨⬛️ In our first launch, we’re dividing Portraits of the Artists 17 in 961 cubes. If you buy one or more cubes, you become the partial owner of #artwork in both the physical and digital representations, the latter in the form of #NFTs. pic.twitter.com/odAK6SAW2k
— Cubic (@cubic_community) May 19, 2022
CUBIC founder Luis Enriquez said that this is their first NFT sale based on a painting that exists in the real world. «Our work is very simple: we took a work of art, divided it into an imaginary grid of equal parts, where each fragment is an NFT.»
The original painting was created by Andy Warhol in 1967 and is called «Portraits of the Artists 17». There are only 200 copies in the world, and the NFT will use the copy number 172 with the artist’s authentic signature.
It is important that the buyers of NFT fragments will become the official owners of the physical part of the work. Official documents will be signed with them and the rights to the fragment will be transferred to them.
«Art collecting is no longer an option available only to the privileged elite. Blockchain has changed the course of art history and the art market in general,» CUBIC representatives said.