In 2017 Canadian software developers, Matt Hall, and John Watkinson debuted what would become a landmark project in the early crypto art movement, the CryptoPunks. Released through their company Larva Labs, the CryptoPunks consisted of 10,000 unique collectible characters whose chain of title would be tracked on the Ethereum blockchain. Each punk is a 24 by 24 pixel avatar whose individual traits were generated algorithmically. From Mohawks to shaved heads, from eye patches to colored eyeshadow and even from human men and women to apes, zombies, and aliens, every punk is one of a kind, but all would look perfectly at home intimidating a businessman in a classic eight bit Nintendo game. Although Hall and Watkinson kept a thousand CryptoPunks for themselves, the duo released the other 9,000 punks for free to any Ethereum users willing to pay the gas fees to claim them back in 2017. But the punks value on the secondary market and their presence in popular culture have exploded in the years since. In June 2021, a single alien punk sold at Sotheby's for $11.75 million. Two months later, Visa paid $150,000 to acquire a CryptoPunk for its corporate collection and at this September's Met gala Reddit, co-founder Alexis Ohanian wore a badge depicting a CryptoPunk he bought for his wife, tennis superstar, Serena Williams, because he thought it resembled her. But the crypto punks have also brought together a tight knit global community who see the project and the wider crypto art space as so much more than driver of record sales and red carpet moments. As part of art Artnet’s effort to bridge the gap between the crypto community and the world of fine art, Artnet’s Director of NFTs, Jiayin Chen, recently held a round table discussion with three early collectors of Crypto Punks, also known within the community simply as OGs. They are B, one of the only known women among the original crypto punk claimants, Claire Silver, who is now a renowned crypto artist in her own rights and Mr. 703, who originally claimed well over 700 crypto punks and currently ranks as the fifth largest collector of the series worldwide. Jiayin connected with the trio over zoom a few days before the third annual NFT NYC conference kicked off in Time Square.
Altri episodi di "The Art Angle"
How the Artist Pension Trust Became a Gigantic Fiasco
34:55Everyone knows the dirty little secret of the dog-eat-dog art market, which is that while an artist creates the artwork, the vast majority of the value of that artwork is created—and captured—by others, from the 50 percent that goes to the dealer to the multiples made by the collectors who flip if the artist gets hot. But what if there was a way for artists to protect themselves from this kind of exploitation, by banding together and pooling their art together into a fund to provide a safety net against the vicissitudes of the market, where all artists—hot and not alike—benefit from the rising values of rising stars? Well, something like that does exist, and it’s called the Artist Pension Trust, which since 2004 has enlisted hundreds of artists behind this common cause. The only catch? It is apparently too good to be true—at least if you go by the maelstrom of threats of lawsuits, recriminations, and accusations that have sprang up around the trust in recent years. So, what went wrong with the utopian project of the Artist Pension Trust? And who is behind it, anyway? To find out, Artnet News executive editor Julia Halperin spoke to reporter Catherine Wagley about her recent investigation into the one art fund everyone wanted to root for. Enjoy the conversation, and for the full story, check out Catherine’s riveting two-part series on Artnet.
6 Predictions on How the Art Industry Will Transform in 2022
30:54Here we are, at the beginning of a new year, a time that, at least in the past, used to be full of hope and anticipation, but after the last two years requires a deep breath and a brace for impact. But, there are still many fascinating and encouraging developments underway all around us, and there's an awful lot to be grateful for. We're all grateful to work alongside an authentically magical human being, known to mere mortals as Tim Schneider, Artnet News's art business editor. As longtime listeners know, Tim undergoes a mystical transformation at the beginning of every new year to become a soothsayer capable of peering into the future to see what the months ahead hold for the art industry. Tim recently published his prognostications on Artnet News Pro, and this week he joins Andrew Goldstein to break out a few of the most pressing predictions he made, from Beeple's potential gallery representation to the future of art fairs amidst the ongoing pandemic.
Re-Air: How NFTs Are Changing the Art Market as We Know It
51:43We did it, 2021 is in the can. We are about to finally make the transition into what is hopefully going to be a great, exciting, and healthy 2022. Here at The Art Angle, we are very excited to celebrate this milestone and we also want to give everybody a little bit of a year end bonus. So here is an episode that we think is maybe going to be relevant for what's coming around the bend. Obviously it is about NFTs. NFTS were the big revelation of 2021 and everybody is kind of getting a little bit of an education about what they are, but there's no harm in getting a refresher course. So please enjoy an episode with Artnet News Art Business Editor, Tim Schneider, from earlier this year about NFTs, what they are and why they're important.
The Most Astounding Archaeology Revelations of 2021 (Can You Dig It?)
28:55’Tis the season, once again, it's The Art Angle Christmas episode. Can you believe we made it through another one of these incredibly intense pandemic years? It's almost hard to believe and so we figured we would craft this festive little holiday-cast as something soothing and reflective, some old fashioned balm for the soul. No NFTs here. So what is the antithesis of NFTs? Why archeology of course and it just so happens that this year was filled with all kinds of fascinating revelations that continue to shape, and sometimes radically rewrite our understanding of the ancient world. On this episode Artnet News Senior Writer, Sarah Cascone, discusses what happened this year in the world of old news.
From Handbags to Hard Cash, How Dealers Woo the Artists They Want to Rep
20:10The art market is a notoriously woolly place where deals are done with hushed shakes behind closed doors. This of course applies to auctions, art sales and art fairs, but it's also true of something even more fundamental to the art business, artist representation. How exactly does a gallery nab a hot new artist? And how does an artist ultimately decide to join them and to stay on during moments of skyrocketing success or to leave at any given time? There are no rules to this game, but there are definitely some trends and some are almost too strange to believe. On this episode Artnet News Europe Editor Kate Brown is joined by European Market Editor Naomi Rea to untangle the secretive art of wooing artists on to rosters.
A Gossip Columnist Walks Into a Bar at Art Basel Miami Beach
21:41Last week, fresh panic spread around the globe as a new COVID variant of unknown power called Omicron came into view, threatening to potentially plunge society back into lockdown just as we were beginning to emerge from pandemic. Also last week, throngs of art loving party animals from 72 countries around the world converged on Miami for a week long bacchanale of art collecting, champagne-soaked soirees, nonstop-socializing, and celebrity-studded VIP events that stretched into the night. Very weirdly, both of those things are actually true. The latest edition of Art Basel Miami Beach was by all counts of massive success with 60,000 people in attendance, booths selling out in nanoseconds amid boundless enthusiasm about both traditional art (remember that?) and NFTs. And that's just the main fair. The entire city was lit up with art events from the fairs to incredible museum shows to crypto art conferences galore that were filling the air with revolutionary fervor. So what was it like to hit Miami art week for this totally surreal discombobulating affair? To answer that question, we're thrilled to be joined on the show by none other than Annie Armstrong, author of Artnet News's beloved gossip column Wet Paint, who tackled the whole party thing down there with an almost alarming degree of gusto.
Where Do NFTs Go From Here? An Interview With Christie’s Noah Davis
38:50The NFT market exploded this spring and has kept on exploding all year long. Artnet News Editor-In-Chief Andrew Goldstein is joined on the show by one of the guys who lit the fuse on NFTs, Noah Davis, the head of digital sales at Christie’s, who listeners may know best as the guy who sold the Beeple NFT this spring for $69.3 million, waking up the world to the dizzying potential of crypto art. It's a busy time for Noah. Right now. Christie’s first on-chain NFT sale on the crypto platform OpenSea is taking place with some of the coveted works on offer also being displayed in an immersive art exhibition down in Miami, during Art Basel, Miami Beach, which is turning into a giant coming out party of sorts for crypto art. This is also a very exciting time for Artnet as well, which is about to hold its own first on-chain auction of major NFT works on December 15th in conjunction with the launch of our new Artnet NFT platform.
Re-Air: How High-Tech Van Gogh Became the Biggest Art Phenomenon Ever
32:47This week, those of us who live in the United States are celebrating Thanksgiving. For many of us that means a lot of family time. For Artnet News Executive Editor Julia Halperin, it means visiting Immersive Van Gogh with her entire family bright and early. Yes, they are immersing ourselves in a light show, dedicated to the 19th century Dutch painter at nine o'clock in the morning during the Thanksgiving break. Even if you aren't spending the weekend visiting one of the many immersive Van Gogh experiences that have popped up across the country and around the globe, chances are someone at your Thanksgiving table has already been. As of mid-September Lighthouse Immersive, the company behind just one of these touring van Gogh shows had sold 3.2 million tickets. That's 700,000 more than Taylor Swift's 2018 Reputation Tour. Today, we're revisiting an episode from earlier this year in which Chief Art Critic, Ben Davis, and a very special guest. Ms Seija Goldstein, yes, that is Andrew's mother, weighs in on the trend.
Introducing the Art Angle
2:41A weekly podcast that brings the biggest stories in the art world down to earth. Go inside the newsroom of the art industry's most-read media outlet, artnet News, for an in-depth view of what matters most in museums, the market, and much more.
How an Art Collective Brings Artworks From the Past Back to Life
28:33For artists, writers, and musicians, copyright is an invaluable safeguard, protecting intellectual property of original works of authorship. But eventually, no matter how jealously a large corporation might hoard the rights to a lucrative property, all creative work passes into the public domain, making it free for reproduction or adaption without permission. In the U.S., copyright terms were extended twice during the 20th century, to a term of 95 years—which meant nothing new entered the public domain between 1998 and and 2019, and that many works of art were forgotten long before becoming fair game for any contemporary reimagining. The realm of public domain, therefore, offers almost limitless possibilities for creativity, allowing artists to breath new life into forgotten works of art and reintroduce them to modern audiences. That is the genesis for "Public Domain," a musical collaboration between writer and visual artist Katherine McMahon and musician and producer Ray Angry that turns old songs that have passed out of copyright into new music for the 21st century. This week marks the release of the second track of the album, "Alcoholic Blues." Artnet News Senior Writer Sarah Cascone is joined by Ray and Katherine to discuss the project and the creative importance of public domain.