September 26, 2022

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The receipt for "Invisible Art" has been auctioned for nearly $1.2 million

The receipt for “Invisible Art” has been auctioned for nearly $1.2 million

Keep the receipt.

Do you think paying $120,000 for a banana on the wall was overkill? Earlier this week, the delivery of a piece of “invisible art” exceeded expectations after it was auctioned in Paris for nearly $1.2 million.

“This work is guaranteed and has received an irrevocable offer”, Sotheby’s Auction House Books In its catalog regarding the salary stub, it went for $1,151,467.40 — more than double the estimated price of $551,000.

Of course, paying money for nothing can seem strange. However, the voucher was a rare relic from the “zones of immaterial figurative sense,” a mid-20th century exhibition series in which pioneering French performance artist Yves Klein sold vacant rooms to collectors in exchange for gold bars.

Then the radical visionary would invite collectors to burn the receipts and dump half the gold into the Seine – the logic being that they would thus become the “ultimate owner” of the “zone”.

A receipt intended to certify the transmission of an invisible work by French artist Yves Klein, titled “Area of ​​Immaterial Pictorial Sensitivity, Series No. 1, Area No. 02” is displayed at Sotheby’s on April 1st in Paris.
Getty Images
Black and white portrait of the French artist Yves Klein (1928 - 1962).
Portrait of French artist Yves Klein.
Getty Images

The above certificate of authentication survived because its collector, Jack Coogle, refused to ignite it, The Guardian reported. It has since been displayed everywhere from London to Paris, before it was bought by former gallery owner Loic Malle, who auctioned it with other pieces from his collection.

Designed to mimic a bank check, the 8-inch-wide Klein sports card is dated December 7, 1959—several years before the artist’s death in 1962.

Since then, experts have credited the instigator with predicting it Modern NFT.

The receipt is dated December 7, 1959 - several years before the artist's death in 1963.
The receipt is dated December 7, 1959 – several years before the artist’s death in 1963.
Getty Images
Klein is even credited with anticipating the emergence of non-fungible tokens (NFTs).
Klein has even been credited with anticipating the rise of the NFTs.

Sotheby’s writes in the catalog: “Some have likened the transfer of the sensitivity zone and the invention of receipts as the forerunners of NFT, which in itself allows the exchange of immaterial works.”

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So far, it is too early to say whether the buyer, who is only identified as a “European private collector,” is purchasing the receipt with cryptocurrency.

In a similar meta performance piece in September, A Danish museum has given an artist $84,000 to use in a work of art – Just to put it in his pocket and turn two blank boards called “Take the money and run.”