From December 1, 2021, a NFT of modern art icon Keith Haring will be available to buy. It will provide a unique investment opportunity for NFT fans and investors. Haru Invest, a leading digital asset management firm, will organise the sale, which will be in a drawing style.
Who is Keith Haring?
Keith Haring was a modern artist who contributed to American pop culture. He believed that “everyone should be able to appreciate art.” He was often grouped alongside Andy Warhol and Jean-Michel Basquiat.
According to Artprice, Keith Haring’s artwork has grown in popularity in recent years. In the previous five years, his rating rose 35 places (from 75th in 2016 to 40th in 2021). Additionally, his auction volume has more than tripled since 2010.
The value of Keith Haring’s artworks is one of the reasons for his appeal, with the highest auction, at $6,537,500, taking place at Sotheby’s New York in 2017.
From 2000 to the present, his work has outperformed the S&P 500 in terms of value growth, with an average return on investment of 208%.
The “Untitled” art piece
Keith Haring’s original artwork “Untitled” is up for sale as an NFT (1980). Keith Haring’s signatures-heart emblem, happy face, and high chromatic primary colours are in “Untitled.” The two-eyed smiling face in “Untitled” differs from the well-known three-eyed face form. It is an early variant that lasted from 1980 to 1981.
It’s also worth noting that this is when Keith Haring established himself as a star artist with his first solo show. Also, “Untitled” is a work that includes handwritten letters and provides a unique insight into Keith Haring’s social personality. Unlike other NFTs, this one has inherent value since it matches and exchanges with the original artwork, “Untitled” (1980).
The buyer of the NFT must choose between keeping the digital NFT and exchanging it for the original physical artwork. The NFT will be burnt in return for the original physical artwork. If the buyers opt to keep the NFT, it will destroy the original physical artwork.
The rising NFT market
Although they have been in use since 2014, NFTs have recently begun to gain traction. First, there was gaming, afterwards, art, virtual real estate, and digital creative works.
The transaction volume of the NFT market hit $2 billion in the first quarter of this year. It represents a significant increase from the $140 million exchanged in 2019 and $340 million in 2020.
“With the rapid rise of NFT, we are excited to offer this unique investment opportunity to our investors. I believe that NFTs with intrinsic value will be the real growth drivers of the NFT market in the future. Haru Invest aims to create an NFT market with intrinsic value, and Keith Haring NFT will be the start of that, ” said Hugo Lee, CEO of Haru Invest.
How will the sale proceed?
Candidates will be in a pool at the time of application for the NFT, which will trade via a draw. A lucky winner from a random pool of potential buyers will get Keith Haring NFT.
Keith Haring NFT Page – https://event.haruinvest.com/keithharing-nft
Haru Invest
Haru Invest, founded in 2019, is a leading digital asset management firm that offers one of the best earn rates on BTC, ETH, and USDT deposits. It has attracted customers from over 130 countries, achieving a total transaction volume of $1 billion in November 2021, thanks to zero security breaches so far and a smooth user experience.
Haru Invest’s steady success in the turbulent cryptocurrency market has been a primary driver of development. Haru Invest has always provided its clients with competitive earn rates – above 15% APR for its lock-up products – even during the latest crypto market drop in May 2021.
They are set to create a new paradigm in finance by smashing all barriers with their ever-expanding crypto services and products.
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