British Museum to sell 20 NFT paintings by English Romantic painter William Turner | Auctions News | THE VALUE

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Posted by: Sebastien Raybaud

January 21, 2022 | Friday | 18:15

The non-fungible token (NFT) epidemic continues to dominate the world of art.

With their rise, the audience can also become a collector of real museum-level artwork in digital form.

The British Museum begins the second wave of the NFT collection. This year, the work of British romantic painter William Turner (1775-1851) will be on sale. Starting prices for digital art range from the cheapest € 799 to the highest € 4,999.

Turners storm ((((Shipwreck, 1822-1823) | British museum

Central section of Turners storm ((((Shipwreck)

In 2021, the British Museum collaborated with the NFT platform. LaCollection, Japanese woodblock master, Katsushika Hokusai’s masterpiece NFT is on sale.Works included under Big waves off the coast of Kanagawa ((((1820-1831), Suruga Prefecture Tominei (Around 1830-1832) and Fine wind, fine weather (1832) – From 36 views of Mt. Fuji series.

This year, the two have joined forces again.

Of the 50 watercolor paintings by Turner, 20 of the bequests to the museum by former Christie’s executive Robert Wylie Lloyd (1868-1958) were cast into NFTs for sale. Details will be announced on the official website this weekend (January 22nd).

Masterpieces such as Storm (wrecked ship) (Around 1822-1823), Colosseum, Rome (Around 1820) And Lucerne by moonlight (1843) is featured on the NFT sale. The rest have not been announced yet.

Turners Colosseum, Rome (Around 1820) | Museum in England

Turners Lucerne by moonlight (1843) | British Museum

The British Museum holds one version, regardless of the level of the NFT. Therefore, the actual sales volume is the number in each category minus one.

According to Lloyd’s last wish, these paintings cannot be rented. The British Museum can exhibit these paintings every February for two weeks or on special request. These paintings are unusual.

Twenty digital NFTs are sold in three levels of shortage.

  • Nine will be Ultra Rare (two editions, one of which is held by the British Museum)
  • Seven will be Super Rare (10th edition, one of which will be held by the British Museum)
  • 4 will be an open edition (up to 99 editions will be sold in 24-48 hours and the final edition number will be set at the end of the sale period)

The Open Edition NFT is estimated to start at € 799 and the Ultra Rare Turner Edition is priced at € 4,999.

British Museum #TurnerNFT Sale LaCollection Following the pair’s first 200 Hokusai NFT joint auctions

From Mount Aventin, Rome (1835) was Turner’s most expensive painting sold at auction.

In 2014, Turner’s auction record shows his painting. From Mount Aventin, Rome (1835) – depicting a view of Rome from Aventine Hill (the southernmost tip of the seven hills of the ancient city) – was sold in Sotheby’s London. It sold for £ 30.3m (about $ 41.2m) with a buyer’s premium, between an estimated £ 15m and £ 20m.

LaCollection Co-founded by French entrepreneur Jean-Sebastien Beaucamps, it helped museums reach new audiences at NFTs. Vokan contacted 30 institutions from museums to art galleries, and the British Museum responded positively.

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