Connect with us

Hi, what are you looking for?

Editor's Pick

Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project

English artist Damien Hirst is under increased scrutiny this week following claims he backdated more than 1,000 pieces of art from his NFT project “The Currency,” The Guardian reported Wednesday.

Damian Hirst Under Fire For NFT Project Following Exposé


The controversial artist, perhaps best known for works depicting animals preserved in formaldehyde, allegedly misrepresented the actual dates of an estimated 10% of the 10,000 physical paintings from “The Currency,” all of which corresponded to a matching NFT.

Launched in 2021 and sold for $2000, Hirst claimed that all of the physical paintings part of the NFT project were made by hand in 2016.

Sources that spoke to The Guardian claimed that, in actuality, the dotted paintings were mass-produced by nearly a dozen artists in 2018 and 2019 in the U.K. on a “Henry Ford production line.”

More Damien Hirst artworks created years later than claimed, investigation finds https://t.co/075Ly2JVU3 #nft #nftnews #nfts

— Kyked (@kykednft) May 23, 2024

“It was very, very tedious,” one source told The Guardian. “There were loads of sheets on these tables, and they were quite low so you had to bend down to do the spots. After a while some people were getting repetitive strain injuries.”

Footage featuring multiple paintings recorded from inside Hirst’s studio in 2019 and verified by the media outlet confirms the allegations.

Lawyers for Hirst did not deny the claims, stating that the 2016 marker represents the conceptual date of Hirst’s “The Currency” rather than each painting’s physical production date.

Physical Copies of Damien Hirst’s ‘The Currency’ NFTs Go Up In Smoke


Purchasers of “The Currency” were allowed to keep either the physical painting or its digital twin, but not both. In 2022, Hirst burned the physical versions of those who selected the NFT to effectively transfer each painting’s value digitally.

“A lot of people think I’m burning millions of dollars of art but I’m not,” Hirst told the BBC at the time. “I’m completing the transformation of these physical artworks into NFTs by burning the physical versions.”

Backdating, the process of labeling an art piece with an inaccurate year denoting when it was created, is largely frowned upon in the art world.

This is not the first time Hirst has been accused of falsely dating a piece, with The Guardian running an exposé in March revealing that three of his formaldehyde sculptures from the 1990s were actually created in 2017.

If true, the allegations may damage Hirst’s already-scrutinized reputation, question the legitimacy of his works, and potentially lower the value of his NFT project.

The post Controversial Artist Damien Hirst Accused Of Backdating 1,000 Paintings In NFT Project appeared first on Cryptonews.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Stock

Boeing’s spaceflight program may reach a significant milestone Monday night with the launch of its Starliner spacecraft, carrying — at long last — two...

Investing

Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with...

Stock

A 17-year-old boy handed himself in to police after admitting that he attacked a German politician on Friday. Police say that Matthias Ecke, the...

Top News

It appears increasingly possible that Donald Trump could face actual jail time before we ever get a verdict in any of his four criminal...

Disclaimer: InvestorsOnRetire.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 InvestorsOnRetire. All Rights Reserved.