Damien Hirst's Bold Move: Burning His Own Art for NFT Project

Damien Hirst, a prominent figure in the contemporary art world, is set to make headlines once again with his audacious project that involves burning thousands of his own paintings. This radical move is part of his exploration of art as a form of currency, challenging traditional notions of ownership and value in the art market.

Key Takeaways

• Damien Hirst plans to burn thousands of his own paintings as part of his NFT project.

• The project, titled "The Currency," involves 10,000 dot paintings sold as NFTs.

• Buyers had the option to keep the NFT or exchange it for a physical painting, with a majority choosing the digital version.

• The burning of the physical artworks will commence on September 9, 2022, at Hirst's London gallery.

The Concept Behind The Currency

Hirst's project, dubbed "The Currency," is not just an art installation but a commentary on the evolving relationship between art and currency. By offering buyers a choice between a physical painting and its digital counterpart, Hirst is inviting them to reflect on the value they place on each form.

In total, 10,000 individual dot paintings were created, each sold as a non-fungible token (NFT) for approximately $2,000. The decision to burn the physical pieces stems from the artist's desire to explore the concept of ownership in the digital age.

The Burning Process

The physical artworks, which are oil on paper, will be set ablaze daily starting September 9. This dramatic act of destruction is intended to symbolize the transition from physical to digital art forms. Hirst has stated that the involvement of the public is a crucial aspect of the project, emphasizing that it is as much about the movement of the objects as it is about the objects themselves.

Hirst's Artistic Journey

Damien Hirst rose to fame in the early 1990s with his controversial works, including a shark preserved in formaldehyde, which sold for a staggering $8 million. Over the years, he has become one of the most recognized and contentious figures in contemporary art, often facing accusations of plagiarism and criticism for his reliance on assistants to create his pieces.

Some of his notable works include:

• For the Love of God: A platinum cast of a human skull adorned with diamonds.

• Verity: A statue displayed in Devon, showcasing Hirst's unique approach to art.

The Future of Art and NFTs

Hirst's project raises important questions about the future of art in a digital world. As NFTs gain popularity, artists and collectors alike are grappling with the implications of digital ownership. Hirst's bold decision to burn his paintings may serve as a catalyst for further discussions on the value of art and the role of technology in shaping its future.

In conclusion, Damien Hirst's NFT project is a groundbreaking exploration of art, ownership, and value. By burning his own paintings, he challenges the art community to reconsider what it means to own a piece of art in an increasingly digital landscape. As the art world watches closely, Hirst's actions may redefine the boundaries of artistic expression and ownership.

Sources

• Damien Hirst set to burn thousands of his own paintings in NFT project, AOL.com.