Family clarifies no ‘Picasso NFT’ ready to be sold online – Times of India

Geneva: Pablo PicassoHis family is not selling any of his digital assets related to his work.
After a granddaughter and great-grandson of the artist touted an upcoming sale, lawyers for the family said Thursday that their heirs have not authorized any such launch.Picasso NFT,
A dispute has started within the family regarding this.
Marina Picasso and her son, Florian Picasso, showed the Associated Press in Geneva this week a ceramic work they said was a piece by the Spanish great that would be linked to an “irreplaceable asset” being sold online. He and his managers said a pottery bowl and an NFT would be sold at auction in March.
“Maybe we should have been a little more clear from the start,” said Cyril Nottermann, Florian Picasso’s longtime business manager, who is a DJ and music producer. noterman said that starting Friday, more than 1,000 NFTs were actually linked to Florian’s work and not his great-grandfather’s work.
Jean-Jacques Neuer, a lawyer for the Picasso administration – which manages operations held by five Picasso descendants, including Marina, and oversees the use of the Picasso name – contacted the AP on Thursday to say he did not approve the sale of any has given. “Picasso NFT” and an NFT of Florian Picasso and his colleagues “was their own creation, independent of any claims of Pablo Picasso and his works.”
“The information provided through the media by which Picasso’s successor ‘Pablo Picasso’ would join the market for NFTs is thus completely false,” he wrote. Richard MalkaAnother granddaughter of the artist, Diana Widmayer, Picasso’s lawyer, sent the same statement.
Neuer issued a “warning” that any association with Picasso’s work would violate an “artistic monopoly” and that any NFT bill associated with such work would be “fake”.
The Picasso Administration manages the holding of Picasso’s three children – Maya Widmeier Picasso, Claude Ruiz Picasso, and Paloma Ruiz Picasso – as well as two grandchildren: Marina Ruiz Picasso and Bernard Ruiz Picasso, another son of the artist, the children of the late . paul picasso,
Together, the five are brought together in a legal framework that in essence grants joint ownership of Picasso intellectual property.
The lawyer said that under the current framework, only Claude Ruiz Picasso – the administrator for the family – can authorize an NFT project, and he does not favor one.
“What’s happening is that some family members don’t agree with the project, and don’t want to mention the name,” Florian Picasso said on the phone late Thursday, referring to the family’s name.
Comments from Marina and Florian Picasso to the AP suggested they were looking to ride the wave of interest in NFTs, which has taken the art and financial worlds by storm.
NFTs are effectively digital certificates of authenticity that can be attached to digital art or anything that comes in digital form – audio files, video clips, animated stickers, even a news article read online goes.

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