Tuesday, December 06, 2022

Mexico investigates the alleged destruction of a Frida Kahlo drawing, which was burned for digitizing it and selling it as an NFT

Millionaire businessman Martin Mobarak was burned a few months ago frightening ghost (1944), an original drawing by Frida Khalo was valued at $10 million (about 10,405,827 euros or about 200 million pesos). believed to have done so with the intention of Convert Functions to Specific NFTs,non-fungible token), also known as “crypto art,

According to the estimates of the millionaire himself, NFTs will be bought through ETH (Ethreum), a cryptocurrency for 1,416 euros / 1,361 dollars, approximately 27,000 pesos and each NFT will be sold for 3 ETH, with Expected to raise more than 800 million pesos (about 41 million euros / about 40 million dollars).

In addition, it was pointed out that among the institutions that would benefit from this action are: Frida Kahlo House MuseumPalace of Fine Arts and National School of Plastic Arts.

Mobaraki Image was created in 2015 with, when he bought it from the New York gallery Mary Anne Martin. He believes that their burning may be “misunderstood”, but believes it is a process of bringing Khalo to “immortality”.

However, Mexico’s National Institute of Fine Arts and Literature (INBAL) reported this Monday that it is collecting “All the necessary information, to establish with certainty” that an original work by Mexican painter Frida Kahlo (1907–1954) was presumed to have been destroyed, in addition, there is a decree by which All works of the artist were declared an artistic monument Mexican

Mexico’s Inbal denied in a statement that the institution’s campuses, such as Palace of Fine Arts and/or Palace MuseumWill receive any donation from the said Collector, as he has publicly stated.

In addition, he recalled that the Bank of Mexico is a trustee in the Diego Rivera and Frida Kahlo Museum Trust, “in his capacity as owner of the patriarchal rights to the works” and, to date, “it has not received a request and Permission to reproduce has not been issued About the referenced work”

He specified that Inbal “shall abide by what has been established” at all times. Federal Law on Archaeological, Artistic and Historical Monuments and Territories (LFMZAAH)Its Regulations and Decree “by which all works of Mexican artist Frida Kahlo Calderón are declared an artistic monument”.

El Inbal recalled that in Mexico “the intentional destruction of an artistic monument constitutes an offense in the context of the Federal Law on Archaeological, Artistic and Historical Monuments and Territories.”

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