MoMA selling art masterpieces to build its own digital art collection
Another good day for crypto mainstream adoption!
The William S. Paley Foundation decided to auction $70mn worth of art masterpieces in order to expand its MoMa digital footprint and maybe acquire some NFTs.
This is big news as I believe there are a great number of very good artists in the crypto world that should be more appreciated by the traditional art world.
I am also impressed by the bet taken by MoMA to invest big sum of money into this new art world.
Which masterpieces did they decide to sell?
- a Rousseau,
- a Renoir will be auctioned off,
- “Guitar on a Table” from Picasso (worth $20mn+)
- “Three Studies for a Portrait of Henrietta Moraes" from Francis Bacon
MoMA is developing a digital art strategy
MoMA may launch its own streaming channel, host virtual exhibits and video chats with creators, or collaborate with universities and course providers to offer online courses.
They also state that they may also purchase their first NFTs.
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