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Artdaily - The First Art Newspaper on the Net

The First Art Newspaper on the Net   by Paul Sullivan (NYT NEWS SERVICE) .- British artist Damien Hirst, best known for putting a shark in a tank of formaldehyde, has gotten on the NFT bandwagon. NFTs, or nonfungible tokens, rely on blockchain technology to designate an official copy of a piece of digital media that would otherwise be cheap or free. Hirst is selling a collection of 10,000 NFTs, each of which corresponds to a physical dot painting, for $2,000 each. A year from now, the collectors of the series, called “The Currency,” will have to decide whether to keep the NFT or the painting; whichever one they do not choose will be destroyed. Is it better to keep the NFT or the physical artwork? Which will be the more valuable investment? It is hard to know. Certain NFTs are fetching large sums of money, but not all of them are. As with any new art form, what happens over the next few years is hard to predict. And anyone investing in NFTs with an eye on earning investmentlike

New director set to take reins at the MCA - Art Collector Magazine

Museum of Contemporary Art Australia (MCA) appoints new director The Sydney-based cultural institution ushers in a new era with the appointment of Suzanne Cotter as director from 2022. Words: Charlotte Middleton Suzanne Cotter will take over direction of the Museum from longstanding director Elizabeth Ann Macgregor OBE in January 2022. An internationally respected museum director with more than 30 years’ experience, Cotter will return to Australian home turf from her current position as Director of the Musée d’Art Moderne Grand-Duc Jean (MUDAM), Luxembourg, to take up the appointment. During her distinguished career, Cotter has served as Director of the Museum of Contemporary Art of the Serralves Foundation in Porto (Portugal), Curator for the Solomon R. Guggenheim Foundation New York, and Deputy Director and Curator at Large of Modern Art Oxford (UK). Her co-curation of the 10th Sharjah Biennial in the United Arab Emirates in 2011 received the Alice Award Artistic Landm

Art Industry News: Hunter Biden Criticized for Plans to Meet With Potential Art Buyers (A K A Attend His Exhibition Opening) + Other Stories

Art Industry News: Hunter Biden Criticized for Plans to Meet With Potential Art Buyers (A K A Attend His Exhibition Opening) + Other Stories
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