Adelaide artist Dave Court’s “House Party” exhibition has now become the first physical NFT exhibition in South Australia and one of the firsts in the Southern Hemisphere.
The Exhibition That Transformed An Old Home
In 2020, artist Dave Court transformed a crumbling old house at Ironbank into a flamboyant funhouse, awash in a kaleidoscope of vibrant colors and bold graphics. Commenting on his creation, Court said,
"It's something I've wanted to do for a long time and then the opportunity came up to paint a house last year and then I combined that with other things I was working on in the studio and it came to fruition in this exhibition."
Even though the home was demolished, it continues to wow viewers through physical and digital studios.
Demolished Exhibition “House Party” Now An NFT
The original exhibition has been recreated digitally with the help of augmented and virtual reality tools and can now be purchased as an NFT using cryptocurrency. Before it was destroyed, Court photographed and scanned the property with LIDAR technology.
According to Court,
"[An NFT] is a way to verify and authenticate unique digital assets and what a lot of people are using them for is digital artwork.”
Each artwork has been embedded with chips that link to a web page where interested buyers can purchase the NFTs necessary to own the piece digitally.
Praxis Artspace Gallery owner Patty Chehade said that digital technologies have created new options for artists and galleries alike. She lauded Court’s creation, saying,
“What people are wanting more of is an experience and I think what's the digital art world is offering now. As gallerists, we have to challenge ourselves and rethink the ways in which we can present the works."
Revolutionizing Art And Empowering Artists - The Role Of NFTs
The mass adoption of NFTs is indicative of the rising interest among buyers to purchase digital artworks. In March, digital artist Mike Winkelmann also known as Beeple broke the bank when he sold the NFT of his work through the prestigious Christie auction house for a whopping $69 million. Never having broken the $100 limit for any of his art prints traditionally, the sale propelled Beeple into global recognition.
The record-smashing NFT sale comes after months of increasingly valuable auctions. In October 2020, Winkelmann sold his first series of NFTs, with a pair going for $66,666.66 each. Then, in December, he sold a series of works for $3.5 million total.
With all the noise surrounding NFTs, it seems that artists like Dave Court and Beeple are putting themselves ahead of the curve by innovating the way digital art will be acquired and traded going forward.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.