Millionaire burns a $10M Frida Kahlo artwork to sell as NFT

Damn, burned $10M and still better known as 'millionaire' than his real name.

And to think, the wealthy wanted society to entrust them to be the caretakers of the arts because we're too irresponsible to handle such a great undertaking ourselves.

To look at art and see it as something to destroy for profit is just breathtakingly miserable. Like watching a sunset and only thinking of smashing it for souvenirs.

This is the same mindset that spraypaints over cave paintings and burnt the library of Alexandria. There's lots more money and technology involved, but it's still such an empty viewpoint and equally pitiable.

For anyone shocked by this (as I am) it's interesting to reflect on what about physical objects makes us value them so much. I'm of the opinion that it's better to digitize most things (I prefer digital books and documents over physical copies for example), but burning a one-of-a-kind artwork from a historical figure is painful to read about.

At the same time, something new has been created. The value of anything is really subjective, and surely people are going to consider these NFTs valuable for intangible reasons, much like the rest of art.

It's surprising he didn't donate the painting to charity directly though, as that would probably reduce his tax burden.

Clickbait. Where does this valuation come from? Her masterworks sell for for this range https://www.smithsonianmag.com/smart-news/frida-kahlos-intim...

So no way a page from her diary would sell for anywhere near that.