WTF are NFTs? Why crypto is dominating the art market

Plus, artist Doug Aitken on composer Terry Riley

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Kenny Schachter's NFT work Marden Kermit (2019) Courtesy of the artist

Kenny Schachter's NFT work Marden Kermit (2019) Courtesy of the artist

The Week in Art

From breaking news and insider insights to exhibitions and events around the world, the team at The Art Newspaper picks apart the art world’s big stories with the help of special guests. An award-winning podcast hosted by Ben Luke, The Week in Art is sponsored by Christie’s.

This week: NFTs or Non-Fungible Tokens. What are they? Are they a fad or do they represent the future of the art market? We talk to two people in the world of crypto commodities about the explosion of NFTs on the art market. We hear from the artist Beeple, whose piece Everydays: The First 5000 Days is the first standalone NFT work of art to be sold at auction, and to Jason Bailey, the founder of the analytical database artnome.

And for this episode’s Work of the Week, the artist Doug Aitken talks about the minimalist composer Terry Riley’s 1968 piece You’re No Good, and how art is truly multi-disciplinary. Aitken is currently showing new works he created during the quarantine at Regen Projects in Los Angeles.

Terry Riley performing in Doug Aitken's Altered Earth Installation in Arles, France (2012) Courtesy of Doug Aitken Workshop

The Week in Art podcast by The Art Newspaper is available every Friday on our website and all the usual places where you find podcasts. This podcast is sponsored by Christie's.

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