The Hermitage has sold five NFT-tokenized paintings for 32 million rubles – Bits Media

At the end of August, the State Hermitage Museum launched the sale of tokenized works of art on the Binance exchange. Museum has sold five collectible tokens (NFT) and helped out 32 million rubles.

Binance NFT auctions are held in BUSD stablecoins, tied to US dollar. The starting price of each token was 10,000 Busd, At the same time, the total amount of revenue of the Hermitage was 444.5 thousand Busd, That is 32 million rubles.

Digital copies of masterpieces from the collection of the State Hermitage were sold with 31 August to 7 september. Bidding ended in 15:00 Moscow time.

Each released collection token found its buyer. The most expensive was NFT for the painting "Madonna Litta" - the final price was 150,500 Busd. For the "composition of VI" Vasily Kandinsky, the buyer gave 80 000 Busd. "Lilac bush" Vincent Van Gogh was sold for 75 000 Busd. Claude Monet bought a "corner of the garden in Montgeron 74 000 Busd. Judith Georgona was sold for 65 000 Busd.

At the same time, each token received its own copy, which will be stored in the museum. Besides, Each NFT was signed by the director of the Hermitage Mikhail Piotrovsky. Earlier, Piotrovsky said, that the purpose of NFT was not the expectation of a big profit, And the assessment of that, How much such a digital form of art is in demand.

“We congratulate the state Hermitage on the end of the project unprecedented for the Russian market. This is a big victory and a unique example, which gives all participants of the art market a lot of new opportunities for development ", - said the director of Binance in Eastern Europe Gleb Kostarev.

Recall, that in early August the Hermitage accused
Rammstein leader in illegally selling NFT with images of the museum.