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    The Macklowe collection is up for auction at Sotheby’s: it is worth over 600 million dollars

    The Macklowe collection is up for auction at Sotheby’s: it is worth over 600 million dollars

    The assets of the couple have been accumulated for over 60 years of careful research.

    Let’s find out together which artists will be sold

    Harry and Linda Macklowe, couple of the New York dealing in the real estate sector, from the 1950s till today have put together an art collection that is the envy of the greatest museums in the world.

    Already in 2018, the historic couple had decided to divorce, entrusting the division of assets to a judge, who established that 65 works of art should go to auction at Sotheby’s New York.

    Today, after various complications also due to the pandemic, the dates of the incredible auction sale were disclosed: November 15, 2021 and May 2022.

    The estimated value of the works at auction is the highest ever recorded for a private art collection: well over $ 600 million, even surpassing the Rockefeller collection ($ 500 million)

    The works of the Macklowe collection

    The top lots will be a work by Alberto Giacometti, “Le Nez” (1964) and “No.7” (1951) by Mark Rothko, both with an auction base of over 70 million dollars.

    “No.7” (1951) by Mark Rothko, Courtesy of Sotheby’s

    And again “Nine Marilyns” (1962) by Andy Warhol and “Untitled” (2007) by Cy Twombly, estimated between 40 and 60 million dollars, but also “Seestuck” (1975) by Gerhard Richter and “Figure (Project for a monument of Guillaume Apollinaire) ”, valued between 20 and 30 million.

    Finally, there is no shortage of works by Willem De Kooning, Sigmar Polke, Jeff Koons, Brice Marden and Agnes Martin.

    According to Charles Stewart – CEO of Sotheby’s – “The Macklowe Collection is the most incredible collection of Modern and Contemporary Art ever to come in the market (…) and the sale will go down in history as one of the reference events for the art market and the history of Sotheby’s “

    Alberto Giacometti (Le Nez) and Andy Warhol (Nine Marilyns) Courtesy of Sotheby’s

    The works of the collection will travel the world in a traveling “Preview”, which will touch New York, Taipei, Hong Kong, London, Los Angeles and Paris, before the big auction on November 15th.

    And you, are you ready to follow this memorable auction?

    Buying NFT Rocks: Justin Sun has done it

    Buying NFT Rocks: Justin Sun has done it

    The famous Crypto collector has recently purchased an EtherRock for more than $ 500,000

    Paying about $ 500,000 for a rock’s NFT? Justin Sun, Crypto investor, collector and founder of the Tron platform did it.

    More precisely, it is an NFT JPEG clip art, sold a few days before the minimum price of the entire collection exceeded $ 1 million.

    The corpus of images, consisting of 100 EtherRock, comes from a database of royalty-free clip art and the project was inspired by the successful Pet Rock trend of the 70s, which in a few months, after launching in California, made the ‘creator Gary Dahl millionaire.

    Although EtherRocks may seem to have no intrinsic artistic value due to their simplicity and “low resolution”, NFT collector Andrew Kang says that “the ownership of something so utterly useless is a quintessential example of a flex” .

    In light of this, it is no surprise that a Crypto entrepreneur of the caliber of Justin Sun announced on Twitter that he had paid half a million dollars for the illustration of a rock with laser eyes.

    This event underlines how the race for innovation does not show signs of stopping and it is increasingly certain that NFTs are capturing the attention of numerous collectors.

    In fact, according to a recent CNBC survey, almost half of Millennial millionaires – 47% – have at least a quarter of their wealth linked to cryptocurrencies that are invested in various digital assets, among which Crypto Art works stand out.

    And you, are you ready to collect NFT works?

    Alibaba opens the market for art NFTs

    Alibaba opens the market for art NFTs

    A new platform where artists of all kinds will be able to sell Crypto Art works.

    Alibaba Group, a Chinese e-commerce giant, has recently launched a new marketplace entirely dedicated to non-fungible tokens (NFT), managed by the copyright committee of the Sichuan Blockchain Association.

    The Blockchain Digital Copyright and Asset Trade marketplace was conceived as a section of the already established Alibaba Auction, an online auction platform, to expand its potential and thus allow artists, writers, musicians and creatives to sell the rights to their works via blockchain.

    The platform already has several Crypto assets, ready to take part in the auctions scheduled for the coming months. These include an illustration of Star Wars and a painting of the West Pearl Tower, a landmark of Chengdu, the capital of Sichuan.

    But it is not the first time that the Chinese giant has dealt with the Crypto world. In fact, in June, on the occasion of the AntChain Fan Grain program of the Alipay app, Alibaba sold 8,000 limited edition NFTs dedicated to the ancient art of the Dunhuang Caves.

    Hence the decision to launch a personal project, despite the initial skepticism of the Chinese authorities now transformed into enthusiasm. China’s goal would be to become the most advanced blockchain power in the world by 2025, and to do so Alibaba has chosen to start with NFT ART, a meeting point between artists and collectors.

    And you, are you ready to sell your NFT artworks?

    Record-breaking Bored Ape NFT: $ 26 million at Sotheby’s auction

    News from the digital and NFT world – 09 SEPTEMBER 2021

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

    Record-breaking Bored Ape NFT: $ 26 million fetched at Sotheby’s auction.

    The Sotheby’s auction of the 101 NFTs set of the famous Bored Ape Yacht Club sold for $ 26 million has just ended.

    The crypto market asset is heating up more and more and the images of cute monkeys with the most unlikely expressions, clothing and moods are driving crypto collectors crazy.

    The Bored Ape are part of the NFT “Bored Ape Yacht Club” collection, a set of 10,000 computer generated monkeys, made by the US company Yuga Labs. The owners of the ape NFTs now become members of an absolutely exclusive online club with completely unexpected implications.

    The lot contained 101 of these apes, with different combinations of characteristics such as clothing, accessories and facial expressions, as well as the ability to generate six new “mutant” Bees with a “serum”.

    The sale included a second batch, the “Bored Ape Kennel Club” NFTs – a set of dogs, marketed as pets for monkeys.

    This brought in $ 1,835,000 and the monkey lots combined reached $ 24,393,000, bringing the total for sale to $ 26,228,000.

    From a quick calculation, every single Ape NFT is now worth around $ 245,121,495.

    This sale exceeds the one in May for the CryptoPunk set, sold for $ 16.9 million at Christie’s.

    Generative NFT collections like these have taken off in recent months, with all kinds of imitations, animals – penguins and whales – and twists and turns to take advantage of the hype.

    After its debut, BAYC quickly became the second biggest name in the NFT collections, right behind that of CryptoPunks.

    The cheapest Bored Ape as of this writing has a floor price of around $ 149,000.

    Misa Art, König Gallery’s new NFT marketplace

    News from the digital and NFT world – 09 SEPTEMBER 2021

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

    The online art market has a new platform based in Berlin and born from the decision of the König Gallery.

    The launch of the platform took place on 22 August under the name of Misa.art. and is preparing to revolutionize the Crypto world because one section is entirely dedicated to NFTs.

    The market includes several prominent NFT artists and pioneers, including Austrian sculptor Erwin Wurm, digital artists Yard, Auriea Harvey, and Refik Anadol, and crypto pioneers Jonas Lund and Olive Allen, as well as net art icon Ubermorgen.

    According to balance sheet figures reported by gallery owner Johann König, the gallery has so far reached a whopping $ 210,000 in sales, including $ 150,000 for a Refik Anadol work and $ 15,000 for a Jon Burgerman work. Two museums, the ZKM in Karlsruhe, Germany, and the Francisco Carolinum in Linz, Austria, have acquired an NFT edition by the artist Erwin Wurm.

    Collectors and enthusiasts can easily purchase NFTs by paying with cryptocurrencies such as ETH and Bitcoin, which by purchasing with a credit card via a wallet that is automatically created at checkout.

    Louis Vuitton enters the world of NFTs together with BEEPLE

    News from the digital and NFT world – 08 SEPTEMBER 2021

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

    A screenshot of the game “Louis the game”

    Louis Vuitton enters the world of NFTs together with BEEPLE

    Louis Vuitton,, one of the most famous brands in the fashion world, has made available the game for mobile devices Louis the game, created on the occasion of the bicentenary of the house.

    The protagonist of the video game is Vivienne, a “floral” character who explores the virtual scenario in search of curiosities and anecdotes from the history of the brand, with the aim of reaching the hearts of 3 billion players.

    In addition, 30 NFTs have been included in the game, all to be collected, 10 of which were created by the well-known artist Beeple. The tokens present in Louis the game, however, are not aimed at selling, since as Michael Burke, CEO of Louis Vuitton says: “This is not a commercial experience, but a pedagogical, educational experience that must be fun, emotional and dynamic”.

    The game is available for both iOS and Android. devices.

    Sotheby’s sells NFTs created by Yuga Labs

    News from the digital and NFT world – 07 SEPTEMBER 2021

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

    Sotheby’s sells NFTs created by Yuga Labs

    Among the works 101 Bored Ape Yacht Club, estimated between $ 12 and $ 18 million.

    Sotheby’s, the famous auction house now established in the Crypto world, has recently announced that between 2 and 9 September NFTs by Bored Ape Club, a series of “monkeys” created by Yuga Labs, are on sale.

    101 Bored Ape Yacht Club is the first work of the project launched in April and which has already won over celebrities such as Steph Curry and Logan Paul. The work is estimated at between 12 and 18 million dollars and is currently the most expensive NFT in the collection.

    The second work for sale is 101 Bored Ape Kennel Club, with an estimate between $ 1.5 and $ 2 million.

    As for payment methods, Sotheby’s has announced that it will accept USDC, Ether and Bitcoin cryptocurrencies in addition to the classic dollars, an initiative that took off in May.

    During these weeks there has been no shortage of millionaire awards for these collectibles that are driving crypto collectors crazy: among these “Bored Ape # 7090” sold for 600ETH equal to about 2.2 million dollars.

    Once again, the great auction houses are betting on a rapidly developing digital collector’s asset, thus attracting new Millennial collectors.

    The (missed) theft of Van Gogh’s works: man arrested in Dubai

    The (missed) theft of Van Gogh’s works: man arrested in Dubai.

    An organized crime personality accused of buying Van Gogh paintings on the black market was arrested in Dubai.

    The man, Raffaele Imperiale, is accused of using money from drugs, real estate empires and money laundering, and was arrested on August 4, now detained in the UAE pending extradition, as claimed in a joint statement by the Italian State Police and Police organizations for financial crimes.

    Scheveningen before a storm (1882) and A congregation leaves the Reformed Church of Nuenen (1884-85), stolen in 2002 from the Van Gogh Museum in Amsterdam, were found in 2016 by agents of the Guardia di Finanza, kept in Imperiale parents’ home in a ground of Castellammare di Stabia.

    Wrapped in cotton sheets and hidden in the cavity of the dwelling, the works were small in size, with dark and dull tones, but with the unmistakable pasty brushstroke of the Dutch artist.

    “The illicitly accumulated wealth allowed him to buy two Van Gogh paintings of unquantifiable value on the black market,” said the police; the works would have been paid approximately 350 thousand euros for both paintings, a figure that may be insufficient considering the inestimable value of the works.

    The boss’s passion for art also concerned architecture, as emerged from a communication from the police. In fact, he would have commissioned villas to be built in Dubai from the studio of the Iraqi architect and designer, naturalized British, Zaha Hadid, one of the 100 most influential personalities in the world.

    Earlier this year, Imperiale gave an interview in which he denied any involvement in the theft of the works, but admitted he bought them on the black market. “I bought them directly from the thief, because the price was attractive. But above all because I love art “.

    In this particular case it is clear that the thief had an “easy life” in reselling works of art stolen from a museum, but in most cases it is very complicated.

    Just think of how many works were recovered in 2020: the data released by the Carabinieri Command for the Protection of Cultural Heritage speak of 501,574 assets found.

    According to experts, the black market is the last resort for art thieves who hope to earn something from their theft. However, it is still a risky operation because, not being certified and accompanied by the necessary documentation, it could be mistaken for a fake and therefore ignored or resold at an economic value lower than the actual one.

    It often happens that thieves steal by gathering some information on the growing market value of works of art, without considering that their price depends on their authenticity and their history, as evidenced by the relevant certificates of authenticity and Provenance.

    Without these documents, the work of art is unsaleable.

    Among the technological solutions available to support the certification of works of art for professionals, we find Art Rights, the first platform to support the management and certification of works of art for the protection of Artists, Collectors, Galleries and sector operators in favor authenticity.

    Crypto Connection: the new project of the National Museums Liverpool

    News from the digital and NFT world – 01 SEPTEMBER 2021

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

    National Museums Liverpool

    Crypto Connection: the new project of the National Museums Liverpool

    The new project of the National Museums of Liverpool developed by researcher Frances Liddell has highlighted, thanks to the use of the Blockchain, the details and differences of the relationships that are established between people, goods and museum artefacts in the digital age.

    Crypto Connection is the result of a seminar that involved numerous participants in which each presented a personal object and chose an artifact from the Museum’s collection with which a particular connection had been established.

    Subsequently, every single piece of the collection was transformed into NFT and delivered to the participants, thus becoming their property. 

    The experiment gave rise to numerous reflections relating to the concept of possession, where the “blockchain disrupts and decisively challenges ideas about authenticity, ownership and authority”, says Liddell. 

    It is therefore a complex and multifaceted issue, especially in the museum environment, which needs to be analyzed in depth in order to be able to answer the following question: “if we own a token, do we have a sense of ownership of an object?”

    The upcoming NFT events around the world

    News from the digital and NFT world – 30 AUGUST 2021

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

    The upcoming NFT events around the world

    The Crypto universe has several events in store for enthusiasts and curious around the world. Appointments such as exhibitions, festivals and talks relating to NFT certainly cannot be missing from the agenda of an expert in the sector.

    Let’s see together the next events not to be missed!

    1) From 23 to 26 September 2021, the Gray Area Festival will be held, an annual conference that takes place in San Francisco and is now also available in a digital version. Through numerous workshops and talks, people from all over the world are ready to discuss issues related to creativity, social transformation and technology.

    2)On 20 and 21 October 2021 theNFT.NYC will take place in Time Square, the main event able to bring together the NFT community in New York for debates, conferences and workshops of the main protagonists of the blockchain world.