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Ballet NFTs starring Russian dancer Osipova offered for auction

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By Reuters
Ballet NFTs starring Russian dancer Osipova offered for auction
Ballet NFTs starring Russian dancer Osipova offered for auction   -   Copyright  Thomson Reuters 2021   -  

<div> <p><span class="caps">LONDON</span> -Auction house Bonhams said on Monday it was selling the world’s first non-fungible tokens (<span class="caps">NFT</span>s) for ballet, with Russian dancer Natalia Osipova in the starring role.</p> <p>The <span class="caps">NFT</span>s feature three video performances by Osipova, principal dancer at London’s Royal Ballet. Two are from the classic “Giselle”, while the third is from “Left behind”, a contemporary dance she has performed with her partner Jason Kittelberger.</p> <p>Osipova and her partner wanted to use some of the funds to set up a ballet company, Bonhams head of digital art, Nima Sagharchi, said during a preview of the works.</p> <p>“Performing artists up till now have had no way to sell ownership in their performances,” he said. “<span class="caps">NFT</span>s afford them that opportunity.” </p> <p>They also want to create platform would give more grassroots performers access to <span class="caps">NFT</span> technology, Sagharchi added.</p> <p>“I really hope that we can create an art platform because dance is always left behind,” Osipova, who has most recently danced in “Giselle” at London’s Royal Opera House, told Reuters.</p> <p>The market for <span class="caps">NFT</span>s – niche crypto assets which are blockchain-based records of ownership of a digital item such as an image or a video – has been surging, though sceptics have warned of a bubble.</p> <p>Successful buyers will have full licence of the works.</p> <p>The collection, called “Natalia Osipova: Triptych” will be offered at Bonhams’ “Encore! Modern Art on Stage” auction, with bidding open from Monday until Dec. 10.</p> <p>“Giselle, The entrance of Act II” and “Giselle, Solo of Act II”, both shot this month, are seen fetching between 8,000 pounds and 12,000 pounds each ($10,635 – $15,953). Video of the 2019 live performance in Mexico of “Left behind” has a price estimate of 30,000 pounds – 50,000 pounds.</p> <p>The <span class="caps">NFT</span>s are being offered alongside paintings, prints, manuscripts and costume designs among other items for theatre, ballet, dance, music and circus.</p> <p>($1 = 0.7522 pounds)</p> </div>