No ‘Picasso NFT’ for sale after all, lawyers say – NBC10 Philadelphia

After all, Pablo Picasso’s family is not selling a digital asset related to one of his works.

After a granddaughter and great-grandson of the artist trumpeted the upcoming sale, family attorneys said Thursday his heirs had not authorized the launch of such a ‘Picasso NFT’. .

An intra-family disagreement arose on this subject.

Marina Picasso and her son, Florian Picasso, showed a ceramic work to The Associated Press this week in Geneva that they claim was a piece by the great Spaniard that is linked to a “non-fungible asset” being sold online. They and their managers said the pottery bowl itself and an NFT would be auctioned off in March.

“Maybe we should have been a little clearer from the start,” said Cyril Noterman, longtime business manager of Florian Picasso, who is a DJ and music producer. Noterman said the more than 1,000 NFTs for sale as of Friday were actually related to Florian’s work, not his great-grandfather’s.

Jean-Jacques Neuer, a lawyer for the Picasso administration – which manages works owned by five descendants of Picasso, including Marina, and oversees the use of the Picasso name – contacted the AP on Thursday to say she did not approve the sale of any “Picasso NFT” and that an NFT by Florian Picasso and his collaborators was “his own creation, independent of any claim vis-à-vis Pablo Picasso and his works”.

“The information given by the media that the Picasso heirs would join the NFT market ‘Pablo Picasso’ is therefore completely false,” he wrote. Richard Malka, attorney for Diana Widmaier Picasso, another granddaughter of the artist, sent the same statement.

Neuer issued a “warning” that any association with a work by Picasso would violate the “artistic monopoly”, and any NFT billed as related to such a work would be an “infringement”.

The Picasso Administration manages the assets of three of Picasso’s children — Maya Widmaier Picasso, Claude Ruiz Picasso and Paloma Ruiz Picasso — as well as two grandchildren: Marina Ruiz Picasso and Bernard Ruiz Picasso, the children of another son of Picasso. the artist, the late Paul Picasso.

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

Fan Controlled Football CEO Sohrob Farudi talks about the Ballerz Collective NFTs, which will allow owners to take control of two of the new teams added to the FCF for the upcoming season. One team belongs to musician Steve Aoki and crypto/NFT leader 888, the other to the Knights of Degen.

The lawyer said that in the current structure, only Claude Ruiz Picasso – the administrator of the family – could authorize an NFT project, and he is not in favor of it.

“What happens is that some family members don’t agree with the project, and don’t want the name mentioned,” Florian Picasso said by phone Thursday evening, referring to the name of family.

Marina and Florian Picasso’s comments to the AP suggested they were looking to ride the wave of interest in NFTs, which has taken the worlds of art and finance by storm.

NFTs are actually digital certificates of authenticity that can be attached to digital art or just about anything in digital form – audio files, video clips, animated stickers, even a news article read in line.

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