Binance Exchange Launches NFT Auction Featuring Vincent Van Gogh and Da Vinci Artwork

Prospective bidders will be offered the incredible opportunity of bidding on art created by some of the greatest and well-known names in history.

By
Dardania Havolli
on
August 31, 2021
Category:
BSC News

Binance Bridges Classical Art & NFTs

It was only a matter of time before the art and blockchain world finally found a way of offering users the opportunity to bid on some of the most venerated pieces on earth. 

Binance confirmed through an announcement on their official page that they will be working with The State Hermitage Museum to produce a premium NFT auction. The auction takes place on Binance NFT Marketplace, beginning on the 31st of August at 12:00 UTC and lasting until the 7th of September, 12:00 UTC.

“The NFTs in this auction event were recreated from the museum’s art masterpieces, including works by Leonardo da Vinci, Vincent Van Gogh, Claude Monet and more,” Binance’s official announcement reads. “There are a total of 5 NFTs for auction, each with a starting bid of 10,000 BUSD.”

The NFT collection registers the first attempt of its kind to bring such illustrious names to potential bidders, and with bidding starting at $10,000, there will be no shortage of interest. 

Source


Collection in Question

Titled, ‘Your token is kept in The Hermitage, the collection comprises some of the most renowned names in art. Let’s take a closer look at the works crypto owners can bid on:

The Madonna and Child” by Leonardo da Vinci 

Judith” by Giorgione 

Lilac Bush” by Vincent Van Gogh 

Composition VI” by Wassily Kandinsky

Corner of the Garden at Montgeron” by Claude Monet

The pieces have two NFT copies, one of which will be stored at The State Hermitage Museum and the other which you have the chance to purchase. Each copy will be personally signed by the General Director of The State Hermitage Mikhail Piotrovsky, certifying the time and date of signature. The lucky winners will receive an exclusive video of Piotrovsky certifying the works. 

Source

Binance NFT Marketplace Establishing Itself

Initially going online in June of this year, Binance NFT Marketplace has perhaps not been as successful as competing marketplaces. 

Leading Ethereum-based NFT marketplace OpenSea boasts the most impressive numbers in the space. With weekly volumes moving past $1 billion last week, according to DappRadar, OpenSea has firmly established its place at the top. 

With an official Binance blog post on August 15th confirming that the NFT Marketplace saw only 25 million of BUSD sales by that point, the numbers simply do not compare. 

This latest partnership with The State Hermitage Museum will undoubtedly impact overall interest and figures, however. This move, in particular, is an indication of the kind of collections Binance will have to come up with if it is to challenge OpenSea’s stranglehold. 

We look forward to seeing how this and indeed future collections impact Binance NFT Marketplace’s standing.

Don’t forget to download the BSC.News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto!

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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives.

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