So where did that $69 mn artwork go? (…and more)

Home / News / So where did that $69 mn artwork go? (…and more)
A very zoomed-in detail of “Everydays: The First 5000 Days.” BEEPLE/Handout via REUTERS


While we focus on Indian art, we can’t obviously function in a vacuum. It’s a small world and everything is connected, especially on the web. So, let’s train our spotlight across the world map to see what’s going on — from art trends to socio-political issues to everything that affects the great aesthetic global consciousness. Or, let’s just travel the world and have some fun!

Mystery buyer is Singapore-based desi

A very zoomed-in detail of “Everydays: The First 5000 Days.” BEEPLE/Handout via REUTERS

After digital artist Beeple (urf Mike Winkelmann) sold that record-breaking piece last week, the art world had been left scratching its head on who forked out that gigantic sum at a Christie’s auction for what is essentially a JPG file. Answer: Singapore-based coder of Indian (Tamil) origin, Metakovan. He is the founder of the world’s largest NFT (non-fungible token) fund, Metapurse, and has been amassing an almost $120 million collection of tokenized art over the last several years. Slate explores the details.

Crypto Art carbon calculator shut down

NFTs actually result in huge carbon emissions; Pic:

But even as the art world buzzes with the language of NFTs and cryptocurrency, a unique initiative to allow the calculation of carbon emissions associated with non-fungible tokens was forced into closure. creator Memo Akten stated that he decided to take the site down after information from it was used “as a tool for abuse and harassment”. The calculator was doing important work — for instance, it processed that Grimes’ recent sale of 303 editions of a short video called Earth as NFTs for $7,500 each cost 122,416 kilowatt-hours of electricity, or an EU resident’s average total electricity consumption over 34 years. Read more at Gizmodo.

Post-pandemic, how do you fix art?

What is the way for art in the post-Covid world? GETTY IMAGES

In an upcoming report (Art and the World After This, written for the Metcalf Foundation (an arts-forward non-profit) and the City of Toronto), artist-researcher David Maggs points out that the arts sector both locally and globally is dealing with the effects of not just one disruption, but four: Covid-19, rising social unrest, the digital revolution and the sustainability crisis. His tips to improve vulnerabilities include innovating to get back to live events, ditching some traditional models for non-profits, and more. The Globe and Mail outlines.