In Brief: the Vasarely Foundation launches its first NFTs; back on the sale of the Jacqueline Matisse Monnier collection | Market area

In Brief: the Vasarely Foundation launches its first NFTs; back on the sale of the Jacqueline Matisse Monnier collection

[15/04/2022]

The Vasarely Foundation, the first French cultural institution to create NFTs!

After participating in the first digital fashion week in history alongside Selfridges and Paco Rabanne, within Décentraland, the Vasarely Foundation launched its first NFTs on April 26, 2022. The result of a collaboration between Selfridges, the Fondation Vasarely and Paco Rabanne, this first series, named “Universe Paco Rabanne & Fondation Vasarely”, includes 12 NFT works by Victor Vasarely and 12 “Unwearables” by Paco Rabanne, at prices ranging from €600 to €220,000.

It presents monumental works by Victor VASARELY in the form of tokens, most of whose proceeds will be donated to the Vasarely Foundation in Aix-en-Provence, an architectural center erected between 1973 and 1976 by the French plastic artist Victor Vasarely. Six of these NFTs are architectural integrations that need to be restored. Another six are coded with a smart contract programmed to refresh design metadata to reflect the status of the works, directly on the NFT. Repairs will take place once a year over a period of two years.

Here is the first institution benefiting from the designation “Museum of France” to enter the world of tomorrow!

Jacqueline Matisse Monnier collection

78 works by the greatest names of the 20th century”. This is how Christie’s introduced in Paris the sale of the collection of Jacqueline Matisse Monnier, who died in May 2021. Granddaughter of Henri Matisse, daughter-in-law of Marcel Duchamp and goddaughter of Joan Miro, Jacqueline Matisse Monnier has been immersed in art all her life, not only through the inheritance of her elders but also by collecting herself.

The works of Jacqueline Matisse Monnier came (often directly) from some of the greatest artists of the 20th century, including Jean Dubuffet, Niki de Saint Phalle or Claude and François-Xavier Lalanne. The collection also included several works by Marcel Duchampwho became Jacqueline’s stepfather after marrying her mother, Alexina ‘Teeny’ Sattler, in 1954, following Teeny’s divorce from Pierre Matisse.

During the dispersal of the lots on May 13, the most coveted piece was a small bust of a man ofAlberto GIACOMETTI. Rare patinated bronze enhanced with paint dating from 1950, and from the collection of Pierre Matisse, Estimated between 3 and 5 million euros, it finally went to its low estimate. Henri Matisse held a place of honor with 26 works offered in this sale, including three portraits of his granddaughter Jacqueline and emblematic works such as Nymph and red faunthe most expensive work sold at nearly €5.2m ($5.6m), Oceania, the sky (€4m, i.e. $4.3m) and Oceania, the sea ($2m or $2.26m).

An exceptional collection, steeped in history, organized so that the family can pay the inheritance costs. Around 25 million euros were expected for this entire sale. Christie’s Paris posted a dazzling final result: €40.48m.

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In Brief: the Vasarely Foundation launches its first NFTs; back on the sale of the Jacqueline Matisse Monnier collection | Market area


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