Home » News » Selling Picasso and Renoir works to buy NFT? The fun project of the Museum of Modern Art in New York

Selling Picasso and Renoir works to buy NFT? The fun project of the Museum of Modern Art in New York

NFTs continue to drive counters crazy: while the markets collapsed dramatically and that the major brands are the main winners of the last few weeks, here is another mainstream giant that could very well embark on the adventure of the Web3.

According to Decrypt, the famous New York MoMA will soon seek to sell works of art from its collections held on behalf of the William S. Paley Foundation for $ 70 million. Representatives of the latter have confirmed that they have given a mandate to Sotheby’s to manage this sale, the fruits of which should be used to establish the digital positioning of the Museum of Modern Art in New York within the new economy.

If the definitive plans of the foundation for this unexpected future are not yet known, the MoMA representatives expressly mention the possibility for the museum to buy its first NFTs, but also to develop the organization of virtual events. We learn from these few confidences that a team of dedicated experts is responsible for monitoring the NFT markets in order to identify the most promising artists.

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