Keep in mind when a easy pc file was auctioned at Christie’s for a staggering $69 million final 12 months? Not solely did it set a world document for the costliest digital artwork sale, but in addition opened the floodgates for the so-called NFT-based artwork works to flourish. Whether or not you like them or hate them, one merely can’t deny the truth that NFTs have come to symbolize the present artwork zeitgeist. Type of like Andy Warhol did within the 60s or nearer to dwelling, Raja Ravi Varma did within the late 1800s. Solely this time, the world is just not fixated on a selected artist however relatively the medium by which the artwork is being introduced.
Bringing Indian artwork historical past into the metaverse, RtistiQ, a Singapore-based on-line artwork market is presenting the digital NFT variations of two of essentially the most distinguished Raja Ravi Varma work. NFT variations of The Coquette and Reclining Nair Girl are up for grabs at a four-day on-line public sale—in collaboration with Bengaluru’s Gallery G and the Raja Ravi Varma Heritage Basis.
With the originals deemed nationwide treasures and unable to be introduced out of India, this digital collaboration is an effort to make Raja Ravi Varma’s artwork accessible to collectors and traders all throughout the globe. It’s virtually like proudly owning a bit of Indian heritage. The occasion additionally marks the primary time an NFT public sale is being held in partnership with a conventional gallery in addition to with an artist basis—Gallery G and the Raja Ravi Varma Heritage Basis.
“Our imaginative and prescient is to boost the artwork expertise via know-how. The extension to have a gallery and an artist basis on the platform is a welcome addition to the NFT house. It additionally serves as a lesson on how know-how can assist the artwork market to construct belief and transparency past conventional means,” says Jothi Menon, CEO and Founding father of RtistiQ. Valued at $2.5 and $3 million, respectively, The Coquette and Reclining Nair Girl are two of essentially the most well-known works by ‘the daddy of contemporary Indian artwork’. The Coquette, at the moment held in a personal assortment, is one among Ravi Varma’s most replicated work and is not obtainable available on the market, which makes the NFT public sale much more attractive to potential traders.
The net public sale will final from 17 February to twenty February on RtistiQ’s web site. Funds might be accepted through bank card and cryptocurrency.