We Asked the Art World to Explain NFTs, and No One Could

Good morning. 🌈 Today, Christie's auction house decides to become more transparent, millionaires in t ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Apr 1, 2021 • View in browser

Good morning. 🌈 Today, Christie’s auction house decides to become more transparent, millionaires in the art world are angry, and does anyone know what an NFT actually is?— Hrag Vartanian, editor-in-chief

We Asked the Art World to Explain NFTs, and No One Could According to a recent survey of 1,000 art collectors, 53% admitted to having only a vague understanding of NFT technology and 37% said they had “no clue” what NFTs were. Valentina Di Liscia

MoMA Buys Amazon Rainforest to Offset Newly Donated NFT Collection MoMA plans to organize trips to the Amazon starting in 2022 for trustees and other donors to showcase the institution’s innovative approach to collecting. Hrag Vartanian

Brooklyn Museum’s KAWS Exhibition Named #1 Site for Bad Tinder Dates in NYC The go-to spot for finance bros to take their online paramours edged out fierce competition. Sarah Rose Sharp

Six NYC Museum Directors Sign on for Bravo’s Latest Reality Show Six directors will duke out the juiciest drama of the cultural sector in one Manhattan apartment. Jasmine Weber

Christie’s Launches Streaming Service That Allows You to Watch Money Being Laundered in Real-Time White-collar criminals everywhere are toasting the legacy auction house. Sarah Rose Sharp

Millionaire Art Collectors Unionize, Protesting Their Billionaire Competition Art-loving millionaires banded together to fight the growing monopoly of billionaires at art auctions, on museum boards, and at art fairs. Hrag Vartanian

Man Loses World’s Largest Digital Art Collection After He Can’t Remember His Password The $200 million collection includes a lesser Beeple and a series of early-net fractals. Sarah Rose Sharp

Hudson Yards Vessel to Be Dismantled and Sold as NFT The structure, which has proved a danger to the public due to its low guardrails, will be destroyed. Hakim Bishara

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