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Christie's co-chair Loïc Gouzer said he spent $12.9m at Sotheby's in May to buy a Banksy painting estimated at $3m to $5m. He's now showing the work at Art Basel Miami Beach under the aegis of Particle, a company that intends to turn the work into 10,000 NFTs "within the overarching structure of collective ownership."
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"If MoMA wanted to build a new wing with the proceeds" of such a sale, he says, the crypto community "might ascribe less value" to its NFTs than they would to a collection closer to their hearts.
https://www.axios.com/art-world-banksy-nft-87666868-5041-4d07-abc2-a8d7703fb614.html
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