Damien Hirst Shares a Sneak Peek at a New Coffee Artwork
Art’s enfant terrible Damien Hirst shares preview of new coffee artwork before plans to burn thousands of paintings for new project
Could this be the most expensive cup of coffee ever made?
World’s richest entertainer Damien Hirst, worth £315m, has shared a preview of a new artwork, a cappuccino featuring the 57-year-old in his milk froth and his ballerina ex-girlfriend Sophie Cannell, 28.
According to Richard Eden of the Daily Mail, Hirst is due to burn thousands of his famous dot paintings next month as part of a project focused on art as currency.
Buyers who spent £1,600 on the physical art were given the option to have their investment set on fire in exchange for a digital version known as a non-fungible token (NFT).
An NFT is a unique computer file encrypted with an artist’s signature, which acts as a digital certificate of ownership and authenticity.
They probably needed something stronger than coffee after making that decision.
The world’s richest artist, Damien Hirst (left of both photos), has shared a preview of a new work of art, a cappuccino (pictured right) featuring the 57-year-old man in his milk froth and his ballerina ex-girlfriend Sophie Cannell (right of both photos), 28
He created 10,000 unique dot paintings in 2016, which were then linked to corresponding NFTs and sold for $2,000 (£1,639) each.
Buyers could keep the NFTs or exchange them for the physical artwork.
4,180 people chose to exchange their NFT for a physical work of art and 5,820 kept their NFT, reported Heni, a technology company specializing in the art market.
Alternate versions are destroyed.
In recent years, NFTs have been embraced by people looking to turn art, music, videos, and games into digital assets. – and have been hailed as the digital answer to collectibles.
His love: Damien is said to be in love with Sophie, who appears in the illustration of the cafe with him but despite giving her a diamond ring, they are not engaged
Most NFTs use blockchain — the decentralized lightweight first used by bitcoin to track cryptocurrency ownership — to record who owns them and allow them to be traded or changed.
Most NFTs are part of the Ethereum blockchain – Ethereum is a cryptocurrency and one coin is worth 1,285.04 GBP or 1,628.43 USD.
Damien is said to be smitten with Sophie, who appears on the cafe artwork with him.
Better times: Damien’s love life before Sophie included his longtime girlfriend Maia Norman, with whom he shares three sons – at the UK premiere of Disney/Pixar’s Finding Nemo in 2003
It was previously reported that the couple met at the chic Chiltern Firehouse, where she worked as a waitress.
Damien’s love life before Sophie included his longtime girlfriend Maia Norman, with whom he shares three sons.
The former couple are parents to Connor Ojala, 26, Cassius Atticus, 21, and Cyrus Joe, 16.
Although he never married Maia, he called her his “concubine”.
After the birth of his eldest son Connor, the artist spent much of his time on a remote farm near Combe Martin in Devon.
What are NFTs?
What is an NFT?
A non-fungible token (NFT) is a unique digital token encrypted with an artist’s signature that verifies ownership and authenticity and is permanently attached to the coin.
What do they look like?
Most NFTs include digital artwork such as photos, videos, GIFs, and music. Theoretically, anything digital could be turned into NFTs.
Where do you buy them?
Currently, NFTs are most commonly sold in so-called “drops,” timed online sales through blockchain-backed marketplaces like Nifty Gateway, Opensea, and Rarible.
Why would I want to own one?
There are a range of reasons why someone might want to buy an NFT. For some, the reason may be emotional value, as NFTs are considered collectibles. For others, they are seen as an investment opportunity similar to cryptocurrencies, as the value could increase.
When were NFTs created?
Writer and podcaster Andrew Steinwold traced the origins of NFTs back to 2012, with the creation of the Colored Coins cryptocurrency. But NFTs didn’t enter the mainstream until five years later, when blockchain game CryptoKitties began selling virtual cats in 2017.