The High Court ruled last week that NFTs are now to be considered legal property, marking a significant step forward for victims of NFT theft, who will now be more confidently able to apply for an injunction when finding that their NFTs have been misappropriated.
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On Monday morning, the official Instagram account of a non-fungible token (NFT) collection suffered a major hack. It is estimated that a whopping $3 million (£2.4 million) worth of Bored Ape Yacht Club NFTs were taken during the mass theft.
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In the years since a shocking fire ravaged Notre Dame Cathedral in Paris, work has been underway to rebuild the spire of the city’s iconic site. Recently, various extraordinary treasures have been unearthed during an excavation dig under the cathedral.
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Arachnophobes, look away now! A rare spider sculpture by French-American artist Louise Bourgeois (1911-2010) will headline Sotheby’s Modern and Contemporary Art auction in Hong Kong later this month. It could become the most expensive sculpture ever sold in Asia, luring in collectors with an estimated value of HK$120 million to $150 million (£11.5 million to £15.3 million).
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A thirteen-year-old has made nearly $7 million by selling NFTs of her illustrations of women which are designed to incorporate the designer’s trademark long necks. Hayes’ drawings include a number of famous women, both historical and living, such as Michelle Obama, Virginia Woolf, Ruth Bader Ginsburg, Greta Thunberg and Frida Kahlo. Hayes has said that the trademark long neck was inspired by her love as a child of brontosaurus dinosaurs.
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Over the course of a mere 24 hours, NFT (non-fungible token) artist FEWOCiOUS has sold a staggering $19 million (£14.5 million) of his digital artwork. The limited public sale is the third-highest grossing in the history of the NFT marketplace Nifty Gateway.
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Two leather-bound notebooks written by the naturalist Charles Darwin (1809-1882) have mysteriously reappeared at the University of Cambridge, twenty-two years after they went missing. The notebooks are now worth many millions of pounds.
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Both the Louvre and the UK government have blocked the sale and export of two paintings which they deem to be ‘national treasures’. By doing so, the Louvre and a UK museum will be given the opportunity to raise the necessary funds to purchase the respective paintings.
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During the final three years of his life, French conceptual artist Yves Klein (1928-1962) created nine “empty zones” (invisible and intangible areas of empty space existing only in conceptual terms) which could only be purchased with pure gold. The buyer was then presented with a receipt, which could either be set on fire in a ritual between artist and owner, or preserve it, meaning that the immaterial purchase would be transferrable. One of these receipts is now coming up for sale at Sotheby’s, and its similarities to the modern-day NFT are so notable that Sotheby’s are going so far as to accept not pure gold, but cryptocurrency for it.
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Jean-Siméon Chardin’s (1699-1779) painting of a delectable stack of strawberries fetched €24 million (£20 million) with fees at Artcurial in Paris last week, smashing the French artist’s auction record.
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