Home » J.S.G. Boggs’s Estate Has Minted the Late Artist’s Drawings of Banknotes, Which Questioned the Value of Money, as NFTs

J.S.G. Boggs’s Estate Has Minted the Late Artist’s Drawings of Banknotes, Which Questioned the Value of Money, as NFTs

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During his lifetime, artist JSG Boggs literally printed money with colored pencils. Even after his death, his fortune continues his legacy of questioning the value of money by releasing five of his NFTs based on his original banknote artwork. is.

drop arrives Five years after Boggs’ death We have also partnered with laCollection, a platform dedicated to encouraging prominent museums and galleries to set foot on Web3. Indeed, it was the work of the British Museum and the Vienna Platform. Leopold Museum This caught the attention of the estate’s digital advisor, Jeff Koyen. “laCollection is serious about exhibiting world-class art,” he tells Artnet News.

Sales areJSG Boggs: Talking Moneybegins with 50 pound note (1990), a digital version of the kind of work that garnered the American artist a date at London’s Old Bailey and considerable attention. In 1986, prior to his exhibition at the Young Unknowns Gallery, the Bank of England indicted him for violating counterfeiting and anti-counterfeiting laws. The jury unanimously acquitted Boggs, and Banks duly added his copyright symbol to the notes.

JSG Boggs, 50 pound note, (1990). Courtesy of JSG Boggs Realty.

As the story goes, Boggs drew the first dollar bill in a Chicago diner in 1984. He paid for coffee and donuts with a marked up napkin and received 10 cents change. A cent dropped, and for the next 30 years he meticulously replicated this process of creating and exchanging the world’s banknotes, albeit with cheeky alterations (a $5,000 bill with a self-portrait or the words “for the government… time”). A £10 note with words on it is money”).

Boggs was always a prankster and encouraged collectors to attend his performances. It was a familiar phenomenon in the NFT era that the market value of the works actually received was significantly higher than the face value. Koyen sees his NFT lineage going back to Boggs. We have to imagine Boggs would have loved his NFT phenomenon. But Boggs’ crypto credentials go even further. He hopes to create his own currency, “Bogg,” and reportedly worked on an encrypted online currency in the early 2000s. laCollection calls him “the patron saint of cryptocurrencies”.

JSG Boggs, 5000 dollar green, (2001). Courtesy of JSG Boggs Realty.

Unlike Boggs, who traded invoices in exchange for services and receipts rather than selling them, “Money Talks” priced NFTs, released in 50 editions, at €350 ($345) or about 0.26 ETH. Setting. In addition to the artwork, purchasers will receive printed banknotes from the Boggs archives, as well as tangible cryptographic receipts, as well as exclusive viewing of the Boggs archives and an invitation to a Q&A session with the estate’s advisors.

“The drop format is based on the Boggs artistic process concept,” laCollection co-founder Jean-Sébastien Beauchamp tells Artnet News. “We wanted to recreate that experience [of collecting Boggs] The work features all elements of his process. ”

JSG Boggs, Self-portrait with 100 cent francs, (1988). Courtesy of JSG Boggs Realty.

Like all other sales, laCollection labeled this release an “exhibition” and in a broader study of what it calls “art and currency”, alongside Boggs are other cryptocurrencies that are thinking about money. Introducing artists. These educational elements help differentiate laCollection from transactional NFT marketplaces such as: high seas Or Rarible, thereby convincing traditionally conservative arts institutions to create NFTs. Previously, the Paris-based platform held curator-led webinars alongside the British Museum Hokusai Drop, offering previews of the exhibition and behind-the-scenes access. Partnership with Boston Museum of Fine Arts About the NFT collection of French Impressionists.

Boggs’ estate will use all proceeds for the preservation of his archives. “Boggs was an extraordinary collector, but he probably wasn’t the greatest archivist,” Coyen said. “We hope to use the funds to bring Boggs’ body of work to the public digitally, and even open a physical location in the future.”

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