Family clarifies no ‘Picasso NFT’ is set to be sold online

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Geneva (AP) — Pablo Picasso’s family, after all, does not sell digital assets linked to one of his works.

After the artist’s granddaughter and great-grandchild defeated the next sale, a family lawyer said Thursday that his heirs did not allow such a “Picasso NFT” to go on sale.

Disagreements within the family appeared on it.

Marina Picasso and her son Florian Picasso showed their ceramic works at the Associated Press in Geneva this week and said they were great Spanish works related to “non-alternative assets” sold online. .. They and their manager said the pottery bowl itself and the NFT will be auctioned in March.

Cyril Noterman, DJ and music producer Florian Picasso’s longtime business manager, said: Noterman said the more than 1,000 NFTs sold since Friday are actually related to Florian’s work, not his great-grandfather’s work.

Picasso’s lawyer, Jean-Jacques Neuer, manages works owned by five Picasso descendants, including Marina, and oversees the use of Picasso’s name. The “Picasso NFT” and the NFT by Florian Picasso and his collaborators were “his own creations, regardless of the claims made to Pablo Picasso and his work.”

“Therefore, the information provided through the media for Picasso’s heirs to enter the market for the’Pablo Picasso’NFT is completely wrong,” he writes. Richard Malka, a lawyer for Diana Widmeier Picasso, the artist’s other granddaughter, made the same statement.

Neuer issued a “warning” that his association with Picasso’s work violated “artistic monopoly” and that NFTs claimed in connection with such work would be “counterfeit”.

The Picasso administration has three children of Picasso, Mayawidmeier Picasso, Claude Lewis Picasso, Paloma Picasso, and two grandchildren, Marina Lewis Picasso and Bernard Lewis Picasso, the children of another son of the artist. I manage my property. Paul Picasso.

Together, the five are essentially summarized in a legal structure that grants co-ownership of Picasso’s intellectual property.

The lawyer said that under the current structure, only family manager Claude Luis Picasso could approve the NFT project, and he would not support it.

“What’s happening is that some of the family members don’t agree with the project and don’t want to name it,” Florian Picasso said on the phone late Thursday, referring to his family’s name.

Marina and Florian Picasso’s comments on AP suggest that they are about to ride the wave of interest in NFTs that are sweeping the world of art and finance.

NFTs are digital certificates of authenticity that can be attached to virtually anything digital art, or almost anything offered in digital format (audio files, video clips, animated stickers, news articles read online, etc.).

Copyright 2022 AP communication. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

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