Re:Digital-only artwork fetches nearly $70M at Christie's
by KaiserPro on Thursday March 11, 2021 @01:57PM
(#26427626)
Thats incorrect.
When you buy art at auction, unless specified, or a print, you own the rights to all of it.
Its the same with a company, if you own all the shares, you can asset strip, pull apart, and generally do anything within the law to it.
unless explicitly specified in the contract of sale, the artist will retain the rights to the original work. Nothing in the NFT explicitly states that you own the original thing that you've generated the token for.
When you buy art at auction, unless specified, or a print, you own the rights to all of it.
Its the same with a company, if you own all the shares, you can asset strip, pull apart, and generally do anything within the law to it.
unless explicitly specified in the contract of sale, the artist will retain the rights to the original work. Nothing in the NFT explicitly states that you own the original thing that you've generated the token for.