Burn 4,000 paintings for NFT? Damien Hearst is working again... > NFT_News KDCA(한국데이터공인인증원)

The artist, wearing fireproof safety gloves, lit the work he drew himself. The paper, which was sold for $2,000 per piece, burned up and quickly became ashes.

British painter Damien Hurst began burning thousands of original works sold as NFT (non-replaceable tokens) on the 11th (local time), BBC and other foreign media reported. Burning Hurst's work has been a project that has been announced since last year.

Hurst sold 10,000 NFT works with colored dots under the title "The Currency" in July last year. The works sold were 10,000 pieces with an NFT version. Having sold $2,000 per piece, a total of $20 million, he asked buyers to choose between the virtual asset NFT and the actual original work.

After that, 4,851 buyers chose the NFT work and 5,149 chose the original made of physical paper. Hurst's incineration on this day is the original copy of the buyer who chose NFT. He is holding a related exhibition at the Newport Street Gallery in London, England, and planned the incineration as a performance of the exhibition.

The works to be incinerated this time have been hand-made since 2016 in his studio, with the artist's autograph and the unique name of the work made by the computer.

According to the BBC, when asked how he felt about burning the work, Hurst replied, "I feel better than I thought." "Many people think I'm burning millions of dollars in art, but that's not the case," Hurst said. "It's about burning a physical version and converting these physical artworks into NFTs." "(Cancellation of works) is part of the process of creating true digital works," and "Physical works and digital works are incompatible with each other."

The scene of the incineration of the work was broadcast live on SNS, and many of the remaining works are expected to be burned until the end of the exhibition on the 30th.

"At a time when we have to worry about living expenses, Hurst's actions are causing criticism," the BBC said. "If you can't afford to turn on the heating at home, you can go to the Newport Street Gallery. There are also taunting rumors that expensive paintings will be burning well, he added.

Hurst, who has emerged as a star with a sensation of 'yBa (young British artist)' since the late 1990s, has always caused controversy in the art world. Although he won the Turner Prize in 1995, critics' views on him were always divided into criticism and advocacy positions. The dead shark floating on formaldehyde was presented as a work, and the skull of an 18th-century man was covered with platinum and diamonds and titled "For the Love of God." With a fortune of around 200 billion won, he is considered Britain's richest artist.

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