{"id":95818,"date":"2022-10-13T11:42:58","date_gmt":"2022-10-13T11:42:58","guid":{"rendered":"https:\/\/harchi90.com\/damien-hirst-destroys-1000-physical-artworks-of-the-currency-in-front-of-nft-buyers\/"},"modified":"2022-10-13T11:42:58","modified_gmt":"2022-10-13T11:42:58","slug":"damien-hirst-destroys-1000-physical-artworks-of-the-currency-in-front-of-nft-buyers","status":"publish","type":"post","link":"https:\/\/harchi90.com\/damien-hirst-destroys-1000-physical-artworks-of-the-currency-in-front-of-nft-buyers\/","title":{"rendered":"damien hirst destroys 1,000 physical artworks of ‘the currency’ in front of NFT buyers"},"content":{"rendered":"
The fate of the artwork was in the buyer’s hands when <\/span>Damien Hirst<\/b> decided he would burn the physical copies of his uniquely made artwork <\/span>The Currency<\/span><\/i>priced at 2,000 USD each, if people bought its <\/span>NFT<\/b> counterpart. Collectors could not own both the NFT and physical artwork, so they had to choose one under a deadline (more on that <\/span>here<\/b>). True to his word, Hirst destroyed the first 1,000 physical artworks of <\/span>The Currency<\/span><\/i> at Newport Street Gallery on October 12th, tossing the dollars NFT aficionados <\/span>digitally<\/b> handed the artist into the fire (at least it was a state-of-the-art-looking fireplace). Buyers and onlookers flocked inside the white tent, basking in the scent of smoke and anticipation, and happily eyed the modest grin on Hirst’s face as his fire-resistant gloved hand made its way into the pyre to fling or gently lay down a piece of his dots-covered paper that was worth bucks into the flames.<\/span><\/p>\n<\/p>\n In his Instagram post before the event, the artist reiterated that he was not burning millions of dollars of his <\/span>public art<\/b>Contrary to what he believed the majority of people thought. <\/span>‘I’m completing the transformation of these physical artworks into NFTs by burning the physical versions. The value of art digital or physical which is hard to define at the best of times will not be lost. It will be transferred to the NFT as soon as they are burnt,’ <\/span><\/i>he writes.<\/b> Hirst will keep burning his own artworks and the remaining physical copies on a daily basis until the show closes on October 30th, 2022. The gallery states that the visitors are invited to come to see the exhibition and physical artworks being burnt which will take place between 12:30 and 1:30pm BST every Tuesday through Sunday until October 28th.<\/span><\/p>\n