The other day we reported on the Basquiat NFT and our feelings that creating one is a violation of the artist’s copyright, not to mention the idea of possibly destroying the work would also open up a legal battle. Well, the Basquiat estate has stepped in and halted the sale stating, “The estate of Jean-Michel Basquiat owns the copyright in the artwork referenced. No license or rights were conveyed to the seller and the NFT has subsequently been removed from sale.”
Bravo!