A collector burned a Frida Kahlo work to sell it as NFT, so the Mexican government is already investigating whether it was a crime

“Sinister Ghosts”, the work of Frida Kahlo, was burned by a private collector named Martín Morabak, who indicated his intention to take it to the metaverse as a series of tokens for sale, where part of the profits would be donated to art venuesas well as national and international associations and organizations.

Among the list of recipients, Morabak explained that there were places such as the Palace of Fine Arts or the Frida Kahlo Museum itself, however, the National Institute of Fine Arts and Literature (Inbal) has denied that its venues will receive any donations and pointed out what is being investigated whether the destroyed work is true or a reproduction (for which there is no authorization).

The work, valued at more than 10 million dollars, was burned during an event in July 2022, with the intention of leaving a limited number of 10,000 NFTs, which according to the FridaNFR.org project site, will be the only “authentic” connection to the work.

Each of these tokens it has a price of 3 ETH, the equivalent of about 1,320 dollars or approximately 26,980 pesos.

Mexico’s position before the burning

Although Morabak commented that part of the profits would go to the Palace of Fine Arts, the Frida Kahlo Museum, the National School of Plastic Arts of CDMX, the Children’s Craniofacial Association, the Association for children with autism, as well as in the Origin Foundation, the National Institute of Fine Arts and Literature (Inbal) issued a statement denying donations and positioning himself on the destruction of the work of painting.

This document explains that until now, the Bank of Mexico is a trustee in the Diego Rivera and Frida Kahlo Museums Trust, acting as owner of the patrimonial rights of the works and to date, andor have received a request or issued authorization on the reproduction of the work in question, with which it could not exist as NFT either.

They also take the opportunity to detail that thanks to a decree published in July 1984, the work of the Mexican artist Frida Kahlo Calderón It is considered an artistic monumentand must be treated according to the terms established in the Federal Law on Archaeological, Artistic and Historical Monuments and Zones (LFMZAAH).

In addition, they point out that at the moment work is being done to collect the necessary information to establish if it is the destruction of an original (which could be a crime) or a commercially used reproduction for cremation in Miami, Florida.

The doubt if it is the original work and its consequences

Due to the position of the Inbal, it can be questioned if it really is the original work, which was cremated. However, a video of the burning, as well as an authentication document signed by the art gallery, Andrés Siegel, seem to reaffirm that it is indeed the work and that it was the property of Morabak.

The statement, for its part, details that in the case of Mexico, the deliberate destruction of an artistic monument constitutes a crime according to the LFMZAAH.

However, despite the fact that the Inbal is studying its destruction, as it is part of a private collection and not owned by the nation, may not have legal consequences for the collector. This is because the released statement does not specifically detail whether the work in question is part of the country’s artistic catalog.

For now, the owners of one of these NFTs will have access to the work in PNG formatas well as a letter explaining the history of the piece, as well as a copy of the certificate of authenticity.

As additional material, there will also be GIFs, and video clips that can be displayed in digital frames or projected on walls, which will be part of the exclusive benefits for certain owners.

Source link

About John

Check Also

Andrés García REACTS furiously against Leonardo García for INSULTING his wife Margarita Portillo

After the son of andres garciawill release a statement informing that Daisy Portillo did not …

Leave a Reply

Your email address will not be published. Required fields are marked *