How much do museums make from NFTs? (ctd.)

July 11 2022

Image of How much do museums make from NFTs? (ctd.)

Picture: Uffizi

The answer goes from 'not much' to 'none at all' - further to my earlier post about how little the Uffizi made from the sale of its €240,000 Michelangelo NFT (just €70,000), Gareth Harris and Ben Munster in The Art Newspaper report the Italian government has now stepped into stop the practice, citing concern over the way the contracts have been drawn up, especially the allowance for a €100,000 'production fee'. Which is a lot, for a jpeg.

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