Sotheby’s will accept cryptocurrency (Ether and Bitcoin) as a payment option for the work, which will be facilitated through Coinbase Commerce.
The digital artwork is also now on view in Sotheby’s York Avenue Galleries from today through 1 July and virtually via Sotheby’s gallery in the Voltaire Art District in Decentraland. Emphasizing the symbolic relationship between success and a cigar, Adams makes the work come to life through animated glowing red embers and a stream of smoke that rises from the end of JAY’s iconic cigar, and transforms into the number 25 in honour of the album’s anniversary.īidding for Heir to the Throne: An NFT in Celebration of JAY-Z’s Reasonable Doubt 25th Anniversary by Derrick Adams starts at $1,000 and is now open online through 2 July at 10am ET. The work is inspired by the two men’s shared engagement with life in the urban streets, including the dreams and challenges associated with it. Featuring his singular aesthetic style of bright colours, geometric forms, multi-layered textures, and flat surface dimensions, Adams has made a cinematic visual experience that channels not just the spirit and impact of the music, but also the aspirational impulses of a young musician at the dawn of his career. The one-of-one NFT titled Heir to the Throne, which was the original title of the album, is composed of a single animated digital image in which Adams creates a fresh and contemporary visual representation of Reasonable Doubt. The auction is also the only official event authorized by JAY-Z to commemorate Reasonable Doubt’s historic 25 th anniversary. Having met several years ago, JAY-Z and Adams established an immediate artistic dialogue between them, and this collaboration marks the first NFT either has created and offered for sale.
PUBLIC EXHIBITION NOW OPEN AT SOTHEBY’S NEW YORK & VIRTUALLY VIA DECENTRALANDĢ5 JUNE 2021 (TORONTO, ON) – To celebrate the 25th anniversary of JAY-Z’s Reasonable Doubt, his pioneering and landmark debut album that was originally released on 25 June 1996 and forever changed Hip Hop, the legendary artist, entrepreneur and philanthropist has commissioned critically admired multi-disciplinary artist Derrick Adams to create a one-of-one animated digital artwork that comments on and recontextualizes the album’s iconic cover, which will be sold by Sotheby’s as an NFT in a special single-lot auction. ONLINE AUCTION OPEN FOR BIDDING TODAY – JULY 2 Learn more about Heir to the Throne: An NFT in Celebration of JAY-Z’s Reasonable Doubt 25th Anniversary by Derrick Adams on the official Sotheby’s website.COMMISSIONED BY JAY-Z, HEIR TO THE THRONE RECONTEXTUALIZES THE ALBUM COVER’S ICONIC PORTRAIT OF THE LEGENDARY ARTIST & ENTREPRENEURĪ PORTION OF AUCTION PROCEEDS TO BENEFIT THE SHAWN CARTER FOUNDATION The release of Heir to the Throne marks the continued influence of Reasonable Doubt and its deep legacy of cultural importance.” “It’s fitting that JAY-Z’s pioneering lyrical brilliance is commemorated through the iconic vision of acclaimed artist Derrick Adams in a bold new medium.
“It’s an extraordinary honor for Sotheby’s to present Heir to the Throne in celebration of the 25th anniversary of JAY-Z’s debut masterpiece, Reasonable Doubt,” said Sotheby’s Global Head of Science and Popular Culture Cassandra Hatton. “My portraits aim to capture the sensibility, optimism, and beauty of urban life, and in JAY’s work I’ve found tremendous kinship.” It tells the story of someone from Brooklyn occupying the urban space - a place that is as central to my own work as it is to his,” Adams continued. “JAY’s album Reasonable Doubt changed the game 25 years ago, and continues to influence so many of us. The artwork is also on display at Sotheby’s York Avenue Galleries in New York through July 1 and virtually via Sotheby’s gallery in the Voltaire Art District in Decentraland. “With this NFT project, we jointly embrace the opportunity to further the conversation about how artists of different mediums contribute to a more inclusive society.” Bidding for Heir to the Throne will begin at $1,000 in an auction open online now through July 2. “Over the years JAY has collected and supported my work, and so this collaboration is particularly fulfilling,” Adams said in a statement. Static image of Heir to the Throne by Derrick Adams, Courtesy Sotheby’s
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