Andy Warhol Artwork, Alexander The Great, To Be Auctioned Off As An NFT

The Andy Warhol Alexander The Great NFT is set to be sold via Rarible. The owner of the NFT will not only receive the NFT, but also the physical screen print itself.

In 1982, art dealer Alexander Iolas commissioned Andy Warhol to create “Alexandar the Great” for his “Search for Alexander” collection. As part of the commission, Warhol created a series of silkscreen prints of the ancient king. In terms of Warhol’s work, Alexandar the Great is unique, as it is the only piece based on a classical sculpture.

The significance of this Andy Warhol NFT

Aris Sarlis is the current owner of the physical artwork, who will be selling it alongside an NFT. “I am hoping that this NFT will be part of history, and hopefully the beginning of many other significant pieces from other artists,” said Sarlis. “Furthermore, because this is the first-ever Andy Warhol to be sold as an NFT. It adds a tremendous deal of significance to the item.”

The main advantage of this NFT is that once someone buys it, the new owners will immediately get the NFT and the physical artwork without any obstacles. In addition, the NFT’s history would forever include provenance and the sale bill, securing its authenticity.

Therefore, if the new owners decide to resell it, potential buyers can verify its authenticity immediately. In addition, owners and subsequent owners can sell their physical artwork without the high fees associated with traditional auctions.

In December 2021, Andy Warhol fans could buy fractionalized NFTs of three Warhol pieces on the Cardano blockchain at Art Basel Miami. However, unlike the Andy Warhol Alexander The Great NFT, these did not correspond to the physical artworks.