honoriartist (honoriartist) wrote,

Cryptocurrency and Art

Distributed Gallery had no connection with the American artist (Richard Prince). This virtual dealership and its “Ready Made Token” are instead a playful experiment devised by Olivier Sarrouy, a philosophy and sociology lecturer at the University Rennes 2 in France, along with three friends.

The appropriation of this name was certainly mischievous, given that the “famous” Richard Prince continues to be involved in a lawsuit concerning his appropriation of an Instagram-sourced photograph for a 2014 exhibition. Adding further confusion, Mr. Prince’s most recent show of paintings at the Gladstone Gallery was titled “Ripple,” which also happens to the name of a high-rising cryptocurrency.

“We were trying to explore how a cryptocurrency could relate to scarcity in the art market,” Mr. Sarrouy, 32, said in a telephone interview. “It reinterpreted Marcel Duchamp’s gesture of the ready-made in a radical way.”

Reyburn, Scott. "Will Cryptocurrencies Be the Art Market’s Next Big Thing?" New York Times. Last modified January 13, 2018. https://www.nytimes.com/2018/01/13/arts/cryptocurrency-art-market.html

Discussion of cryptocurrencies in art panels at art fairs.

At Art Basel Miami, security token debate rages on ‘There is no AML/KYC in art’ By Martine Paris, December 20, 2018

Tags: art history, arthistory19

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