The Third Place Shifts the Trajectory of Art Ownership With NFT Sale of French Masterpiece

https://thefintechtimes.com/the-third-place-shifts-the-trajectory-of-art-ownership-with-nft-sale-of-french-masterpiece/
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“The Greatest Works of Art”, a collection of real masterpieces of world pictorial art, will be sold at an upcoming auction in the form of a limited series of NFT tokens by the NFT platform The Third Place.

“The Greatest Works of Art” collection is part of The Third Place’s ambition to create the largest accumulated collection of classical art. As part of this, the platform plans to source world-famous art objects and, with the help of NFT technology, make them accessible for everyone. Each artwork will have its authenticity verified by a number of major museums.

Thanks to NFT, the rights of use for the obtained art objects will be certified in the form of several thousand unique fragments, and the platform participants will be able to buy famous masterpieces of world art in parts using tokens.

Absolutely anyone will have the opportunity to own the rights to works worth tens of millions of dollars, and the art lovers will be able to enjoy masterpieces of such great artists like Van Gogh, Gauguin, and many others decorating the walls of public art spaces.

On 22 December at 16:00 (Moscow time), the first masterpiece to be auctioned will be the painting by the famous French artist Pierre Auguste Renoir “Double Portrait of Jeanne Baudot“, painted precisely 125 years ago.

As part of the tokenisation, “Double Portrait of Jeanne Baudot” will be divided into 1125 exclusive NFT tokens the holders of which will receive the rights to use the painting, exclusive rights to digital copies of the acquired NFTs, as well as non-exclusive rights to a full digital copy of the famous artist’s painting.

We’ve witnessed NFTs take on many contemporary forms as of late, such as the iNFT by the artist Robert Alice, however this move by The Third Place will rouse further interest around how technology meets traditional art forms and will widen the net as to whose interest it catches.

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

https://thefintechtimes.com/the-third-place-shifts-the-trajectory-of-art-ownership-with-nft-sale-of-french-masterpiece/