Burns Frida Kahlo’s work to sell copies of it as NFTs, a move that goes very wrong

complex world NFTsdespite its initial fever, today does not attract a large number of users and many people are trying to profit from the business, which can also be a lot of scams and scams.

And while NFT collectibles may have some appeal, they Project which can count on long-term negative consequences, especially if they are based on historical works, and now there is news affecting the work of Frida Kahlo.

The businessman couldn’t think of anything better than burning an original drawing of Frida Kahlo. valued at $10 millionto mint 10,000 NFTs representing her, thinking she would make a lot more money that way.

Here’s what the employer did Martin Mobarak who was not afraid to burn the work art Mexican artist Frida Kahlo, valued at $10 million, only to mint 10,000 NFTs, of which she managed to sell only 4 copies, which brought her $11,000, according to The New York Times.

A businessman from Mexico, putting up these 10,000 NFTs for sale, indicated in the draft that “Like a phoenix rising from the ashes, this 10,000 NFT collection represents the resurrection and immortality of Frida Kahlo’s timeless “Spooky Ghosts”.“.

It is added that “this part will be transformed to live forever in the digital world on Saturday night in Miami. People can see how I destroyed it. But I didn’t. That’s how I bring it to the world. I let everyone see it. I think it brings more value to the world and makes a statement rather than just being in someone’s private collection.“.

He faces harsh punishment in Mexico

In September, the National Institute of Fine Arts and Letters in Mexico has confirmed that it is launching an investigation into the destruction of this priceless original drawing by Mexican artist Frida Kahlo.

At the time, the authorities commented that “deliberate destruction of an art monument is a crime in accordance with the Federal Law “On Archaeological, Artistic and Historical Zones and Monuments”.“.

While there were rumors that this burned Frida Kahlo piece might be a fake, Mobarak himself confirmed to Vice that the piece is original and that he bought it in 2015 from a private collector.

“If you really burned it, you’re breaking the law”, a lawyer specializing in the field of cultural heritage law, L.Eila Amineddoleh. “And if it wasn’t, if it was a reproduction, then it could violate copyright law. And if you copied the original with the intent to deceive, it could be a scam.“, Add.

Whatever the case, this businessman is facing a hefty penalty for destroying $10 million worth of work just for trying to profit from the NFT world.