Success for first NFT Crypto-Art NFT sale in Paris

The auction of 47 lots, organized by the Maison Fauveparis on March 10, reached 120,000 euros.

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Everyone could not enter, and some have bid over the street. Lucie-Eleonore Riveron, co-founder and leader of the young house of sale Fauveparis, will have honored his nickname of “Madone des NFT”, by managing to organize the first public auction of Crypto-Art, Thursday, March 10 at night, in a Effervescent atmosphere, in front of a crypto-addict bed and curious rather young. The 47 lots collected for the occasion and projected on screen offered a broad overview of this scene to the international, between large names (including Beeple, Pak and Xcopy), young artists, collectibles (virtual figurine series, including a comic by Takashi Murakami), fragments of works, gif or photographs.

The young and flamboyant commissioner plunged into the whirlwind and the NFT ecosystem a year ago, while the phenomenon of these non-Fundible Token (“non-fungible chips”), virtual creations payable in Cryptomonnaie and secure by the Blockchains technology), was revealed with the record of the American Beeple, a digital artist until then almost unknown to the general public and the world of art, with a NFT awarded $ 69.3 million (62.9 million euros) at Christie’s.

Legal empty

“I have seen the possibility of the development of digital art. This market has allowed the valuation and validation of these artists. And I wanted to organize a sale in Paris,” sums up the professional, which has been recalled by the Sales Council, Regulatory Authority of the sector, during a first attempt. The fault of a legal vacuum concerning the sale of intangible assets for sales houses in France. Scheduled for February 24, “The Prohibited Auction” (“Forbidden Auction”) was therefore canceled. But, in the wake, the National Assembly, then the Senate voted a law, promulgated the March, to expand public auctions to certain “intangible” goods.

However,

remains a blur, particularly with regard to the application decree. Also Lucie-Eleonore Riveron played caution by organizing this Sale, entitled” The Burnt Auction “ (” Burned Auction “): were officially on sale, this Thursday evening, only a4 sheet impressions of” Smart Contracts “(the detail Online contracts of works), parts ironically tangible as NFTs “accompanied”. The practice of “burning” NFT exists (to destroy them), but it was here diverted, since the buyers were invited to burn paper contracts with matches distributed to the public.

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/Media reports.