By Emmanuelle Jardonnet, March 11, 2022
Not everyone was able to get in, and some bid from the street. Lucie-Eléonore Riveron, co-founder and director of the young auction house FauveParis, lived up to her nickname of “Madonna of the NFT”, when she successfully organized the first public crypto-art auction, on the evening of Thursday March 10, in an effervescent atmosphere, before a rather young crowd of crypto-addicts and curious onlookers.
[…] The flamboyant young woman immersed herself in the whirlwind of the NFT ecosystem a year ago. […]
“I saw in it the possibility of the rise of digital art. This market has enabled these artists to be recognized and validated. And I wanted to organize a sale in Paris”, sums up the professional, who was called to order by the Conseil des ventes, the sector’s regulatory authority, on her first attempt. This is due to a legal vacuum concerning the sale of intangible goods by auction houses in France. Scheduled for February 24, “The Prohibited Auction” was cancelled. However, at the same time, the National Assembly and then the Senate passed a law, promulgated on March1, extending public auction sales to certain “intangible” goods.
However, there is still some vagueness, particularly as regards the implementing decree. Lucie-Eléonore Riveron was therefore cautious in organizing this sale, entitled “The Burnt Auction “: officially on sale this Thursday evening were only A4 prints of the “smart contracts” (details of the works’ online contracts), ironically tangible pieces that the NFTs “accompanied “. The practice of “burning” NFTs exists (in order to destroy them), but in this case it was diverted, as buyers were invited to burn the paper contracts with matches distributed to the public.
[…] “Works from the first market, i.e. two-thirds of the lots, sold very well. Those from the more expensive second market sold more poorly”, analyzes Lucie-Eléonore Riveron.