{"id":9061,"date":"2022-09-28T01:06:29","date_gmt":"2022-09-27T19:06:29","guid":{"rendered":"https:\/\/www.bnc24.com\/en\/?p=9061"},"modified":"2022-09-28T01:06:29","modified_gmt":"2022-09-27T19:06:29","slug":"millionaire-martin-mobarak-probed-for-torching-frida-kahlo-painting-in-nft-stunt","status":"publish","type":"post","link":"https:\/\/www.bnc24.com\/en\/world\/2022\/09\/28\/news\/9061\/","title":{"rendered":"Millionaire Martin Mobarak probed for torching Frida Kahlo painting in NFT stunt"},"content":{"rendered":"<figure id=\"attachment_9062\" aria-describedby=\"caption-attachment-9062\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9062\" src=\"https:\/\/www.bnc24.com\/en\/wp-content\/uploads\/2022\/09\/nft-300x171.jpg\" alt=\"\" width=\"300\" height=\"171\" \/><figcaption id=\"caption-attachment-9062\" class=\"wp-caption-text\">Martin Mobarak captured himself on video standing next to the purported Frida Kahlo painting as it burns<\/figcaption><\/figure>\n<p>Broadcasting News Corporation : Who says crypto is going down in flames? A Miami millionaire claimed to have burned a $10 million dollar work by renowned painter Frida Kahlo as part of an NFT launch \u2014 and is now being investigated by officials in the late artist\u2019s homeland of Mexico, according the country\u2019s National Institute of Fine Arts and Literature. Entrepreneur Martin Mobarak filmed himself apparently setting the small and colorful Kahlo drawing ablaze at an event in July, in a stunt that was meant to promote his sale of digital versions of the rare work, which is considered a national treasure in Mexico. \u201cI hope that everyone here can understand it, I hope everyone can see the positive side,\u201d he said before removing what appeared to be a drawing, known as \u201cFantasmones Siniestros,\u201d from its frame and setting it alight in a martini glass full of fuel. Video from the event shows the image whither and curl in the flames as a small crowd cheers. The event was ostensibly to promote Mobarak\u2019s sale of 10,000 unique NFT copies of \u201cFantasmones Sinistros\u201d by his latest venture, Frida.NFT.<br \/>\nMobarak has claimed the sale of the NFTs \u2014 or non-fungible tokens \u2014 will benefit the Palace of Fine Arts in Mexico, Coyoacan\u2019s Frida Kahlo Museum, and several charities dedicated to medical care for children. \u201cWhat we are going to do is change the lives of thousands of children,\u201d Mobarak said. Mexico\u2019s National Institute of Fine Arts announced Monday it\u2019s opening an investigation into the destruction of the drawing. \u201cIn Mexico, the deliberate destruction of an artistic monument constitutes a crime in terms of the federal law on archaeological, artistic and historical monuments and zones,\u201d the institute said in a statement. \u201cAll the necessary information is currently being collected in order to establish with certainty that it was the destruction of an original work or a reproduction,\u201d it continued. The institute also said that the Palace of Fine Arts had yet to receive any donations from Mobarak or his company. A spokesperson for Mobarak did not immediately respond to a request for comment. On its website, Frida.NFT says the drawing has \u201cpermanently transitioned into the Metaverse.\u201d<br \/>\nThe company also hints at more to come. \u201cAs this historic event creates hope for children and the needy, we will create more historical events,\u201d reads a title card at the end of the July video. \u201cFantasmones Sinistros,\u201d one of the works found in Kahlo\u2019s diary, had previously been valued at $10 million. NEWS COLLECTED FROM NEW YORK POST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadcasting News Corporation : Who says crypto is going down in flames? A Miami millionaire claimed to have burned a $10 million dollar work by renowned painter Frida Kahlo as part of an NFT launch \u2014 and is now being investigated by officials in the late artist\u2019s homeland of Mexico, according the country\u2019s National Institute &#8230;<\/p>\n","protected":false},"author":2,"featured_media":9062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-9061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/9061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/comments?post=9061"}],"version-history":[{"count":1,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/9061\/revisions"}],"predecessor-version":[{"id":9063,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/9061\/revisions\/9063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/media\/9062"}],"wp:attachment":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/media?parent=9061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/categories?post=9061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/tags?post=9061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}