Inside the Art World’s Latest Foray Into NFTs
Thinking of Elaine (I Call Bull) by Rewind
Christie’s is making history on May 14 by offering traditional paintings by female artists with accompanying NFT works by the anonymous digital feminist collective Rewind in a grouping celebrating women entitled Trailblazers: Centuries of Female Abstraction.
Rewind have made original NFTs—or non-fungible tokens—to accompany five paintings by prominent women of abstract expressionism: Helen Frankenthaler, Elaine de Kooning, Grace Hartigan, Yvonne Thomas, and Lynne Mapp Drexler.
An NFT acts as a one-of-a-kind trading card of sorts. Part of the cryptocurrency Ethereum blockchain, digital files are turned into unique assets that harbour additional information prudent to the accompanying art piece. The NFTs produced by Rewind are individualised to each of the five artworks at the Christie’s auction. Collectors who successfully bid on the paintings will receive their added NFT, acting as a deed of sorts.
Also offered in the sale is a standalone NFT by Rewind, Remember Us IV (Watch Your Head), which calls forth the story of Judith beheading Holofernes with digital reinterpretations of works by four incredible female artists across the 16th and 17th centuries.
The Christie’s and Rewind Collective collaboration was stewarded by London-based gallerist and activist Amar Singh, whose work over the past several years has seen him bring the microscope down onto the underrepresentation of women and the LGBTQ+ community in art.
Read more at: www.VanityFair.com