Damien Hirst’s work goes up in flames! UK’s wealthiest artist torches 1000’s of his work price as much as £10million in costly NFT digital artwork stunt
- Damien Hirst is burning 1000’s of items of his personal art work beginning at the moment
- The exhibition is on the Newport Avenue Gallery in Vauxhall, south London
- He’s sharing the stunt in an Instagram reside stream this afternoon
Artist Damien Hirst is burning 1000’s of his authentic work – collectively price nearly £10 million – as a part of a digital artwork stunt.
His exhibition, The Foreign money, is a set of 10,000 NFTs (non-fungible tokens) which correspond with 10,000 authentic items of artwork by Hirst.
The idea was to present collectors the option to both maintain the NFT or swap it for the bodily art work.
If they didn’t alternate their NFT through the set interval which ended on July 27, the bodily piece of artwork can be destroyed.
Simply over half of the collectors, 5149, determined to maintain the art work – whereas 4851 caught with the NFT.
Hirst started the method of burning the artwork works on the Newport Avenue Gallery in Vauxhall, south London at the moment, throughout Frieze week, and can proceed to torch his work till the exhibition ends on October 30.
An unbelievable reside stream confirmed the artist setting his personal works on hearth, one by one.
British artist Damien Hirst burning his artwork work on the Newport Avenue Gallery in south London
He’s streaming the exhibition on an Instagram reside this afternoon and instructed folks to ‘tune in’
1000’s of his items of artwork will probably be burned within the stunt which started at the moment
An assistant serving to out with the method of burning the art work at the moment – the method will proceed till the top of the month
Hirst stated: ‘Lots of people assume I’m burning hundreds of thousands of {dollars} of artwork however I’m not, I’m finishing the transformation of those bodily artworks into NFTs by burning the bodily variations’
Hirst wrote on Instagram yesterday: ‘Tomorrow I will probably be burning my 1,000 The Foreign money artworks which I stored as NFTs.
‘Lots of people assume I’m burning hundreds of thousands of {dollars} of artwork however I’m not, I’m finishing the transformation of those bodily artworks into nfts by burning the bodily variations, the worth of artwork digital or bodily which is difficult to outline at the perfect of occasions won’t be misplaced it is going to be transferred to the nft as quickly as they’re burnt and I will probably be live-streaming the total burn right here on instagram. Tune in tomorrow at 12:30pm BST.’
Many followers adopted the reside stream nearly as there was restricted capability on the gallery.
‘Was joyful to promote my NFT in its absolute peak however can’t wait to see the place the journey goes from right here for forex! Unbelievable,’ one wrote.
Extra follows.