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Justin Sun Acquires Picasso & Warhol Paintings for $22 Million

Justin Sun Acquires Picasso & Warhol Paintings for $22 Million

Justin Sun, the Founder at Tron and BitTorrent CEO, has acquired two art pieces at the 20th Century Art auctions at Christie’s in London. Justin Sun, the founder of the most prominent blockchain-based projects, TRON, has purchased Picasso’s “Femme nue couchée au collier” for $20 million. He has also purchased “Three self-portraits” by Andy Warhol for $2 million. Justin Sun plans to tokenize both and launch them on the JUST NFT Fund in the future. Coupled with earlier acquisitions, obtaining Picasso and Warhol’s masterpieces drives the aggregated value of Justin Sun’s NFT allocation over $30 million. A Christie’s staff member could attract Sun into other possible acquisitions after his bid on the Beeple NFT failed. 

Justin Sun unveiled earlier in March the launch of JUST NFT Fund. It strives to connect the gap within digital ledger technology and artists who want to publish their NFTs. The fund concentrates on famous artists and artworks. It only receives art pieces with a price tag of $1 million with a median value of $10 million. Furthermore, both paintings that Justin Sun recently bought will be among the first works of conventional art ever to be tokenized. It will be introduced on the JUST NFT Fund in the weeks to come.

Picasso and Andy Warhol Significantly Influence the World

Moreover, the Picasso artwork that Sun acquired is titled “Femme Nue Couchee au Collier.” It is one of the Spaniard’s artworks from 1932, which modern critics consider the pinnacle year in his career. The Warhol piece that Sun acquired is titled ‘Three Self-Portraits’ from 1986. Furthermore, both Picasso and Andy Warhol are among the famous conventional artists. It has left a significant influence and enormous impact on the whole world. Justin Sun is famous in the cryptocurrency community and is unquestionably one of its most prominent proponents.

Currently, there have been rumors that Leonardo da Vinci’s Salvator Mundi, the world’s most expensive work of art, could be traded as an NFT. The asking cost would be approximately 450 million. If traded, this would be the highest-grossing NFT sale ever. Earlier, Christie’s managed to trade Beeple’s ‘Everydays: The first 5,000 days” by Beeple. It was sold for a massive $69 million, smashing all records of digital art to date. 

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