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This Basquiat NFT Auction Will Give Winner the Option to Destroy the Original

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Torry Threadcraft

Torry Threadcraft is a contributing writer at Okayplayer where he…

Jean-Michel Basquiat

Photo Credit: Patrick McMullan/Getty Images

The Basquiat auction’s sponsor is Daystrom, the firm responsible for David Bowie’s online bank.

The weird wide world of non-fungible tokens is gaining steam, and its getting pretty disturbing. On Tuesday Daystrom, an anonymously-owned firm self-described as “digital provocateurs,” announced an upcoming non-fungible token auction of an original Jean-Michel Basquiat drawing from 1986. The winner of the auction will be given the option to destroy the original drawing, in order to make the NFT “the last remaining form” of the work.

The drawing, Free Comb with Pagoda, was bought privately in 2015 for an undisclosed amount. In 2012, Texas’ Heritage Auctions offered the piece for between $80,000 and $120,000. On the OpenSea marketplace, bidding has opened at one unit of the cryptocurrency Ethereum, currently worth over $2,600.

Source: DaystromNFT

“Value has become increasingly fungible, diluted and unstable in our evolving metaverse,” Daystrom’s owners said in a statement. “There’s a tremendous spike in user demand for exclusivity. NFT assets provide this exclusivity and create an entirely new online value system that was previously unimaginable.”

Earlier this year, an original Banksy piece was sold for about $380,000 in an NFT auction, then immediately burned in a live-streamed ceremony. The piece, Morons, is ironically a critique of the art market itself, depicting an auctioneer at Christie’s New York auction house.

The eventual buyer will have the transation minted on the Ethereum blockchain to “memorialise ownership” of the piece. Founders say the auction winner will receive reproduction and intellectual property rights in perpetuity.

Stay tuned for further updates on the Basquiat non-fungible token auction.



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Rihanna Officially Joins The Billionaire’s Club!!!

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Rihanna has made history, becoming a member of the Billionaire’s Club! She is now the richest female musician.

Rihanna Fenty Is Smiling All The Way To The Bank

We knew it was only a matter of time before we would be seeing the name Rihanna and the word Billionaire in the same sentence.

Just announced by Forbes today, our girl Riri has joined the likes of Oprah Winfrey, Jay Z, and Kanye West as a bonafide billionaire.

And not just for her music, which by the way fans are anxiously awaiting her next release. Rihanna’s last album was “Anti” which came out in 2016.

Since then, here’s what she’s been up to –

  • launched Fenty Beauty make-up brand in 2017
  • Savage X Fenty Lingerie Line in 2018
  • landed a role in “Ocean’s 8” which premiered in 2018
  • performed at Coachella
  • starred in the tropical thriller “Guava Island”

Of all her projects, the cash cow is Fenty Beauty, which is worth upwards of $1.4 billion dollars. Shaking up the cosmetics industry, Fenty Beauty was launched with 40 shades of foundation.

rihanna fenty beauty

Unheard of in the cosmetic industry, with so many shades to choose from, she revolutionalized the industry and they quickly took notice.

While that’s enough to keep a girl busy, Rihanna’s Savage X Fenty Lingerie Line is worth another estimated $270 million dollars. And again she rocked the industry with her shows being all-inclusive, all shades, all sizes.

rihanna savage x fenty

The remaining $1.7 billion dollars comes from various music and acting gigs, according to Forbes.

Rihanna Continues To Make History

In 2019, Rihanna launched her luxury fashion house “Fenty” under the LVHM (Moet Hennessy, Louis Vuitton) brand. LVHM is the world leader in luxury. By doing so, she became –

  • the first person since 1987 to launch a new house with LVMH
  • the first woman to create an original brand there and
  • also the first woman of color at the top of the LVMH Maison.

At 33 years old, the self-made Barbadian beauty is not finished yet. Just last week, the brand announced that it will launch a unisex fragrance line, Fenty Parfum (created by Riri herself).

In fact, starting August 10th, you can actually be one of the first to sample this product. While making a $40+ purchase at Fentybeauty.com, you get a sample of Fenty eau de parfum.

Riri To Receive The NAACP President’s Award For Stellar Public Service

Announced by NAACP, RiRi will be receiving the President’s Award during the Feb. 22nd Image Awards broadcast. Not only for her groundbreaking career as an artist and musician but for her stellar public service.

What’s next for Riri? Hopefully an album. While being interviewed for an October Vogue article, Rihanna teased that her next project will be influenced by reggae, saying –

“It’s not gonna be typical of what you know as reggae…Reggae always feels right to me. It’s in my blood. It doesn’t matter how far or long removed I am from that culture or the environment that I grew up in; it never leaves.”

We see you’ve been plenty busy, I guess we can wait a little longer for the music to drop.

Congrats Miss Rihanna Fenty, we are so proud of you!



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Ice-T Defends Wife’s Decision To Continue Breastfeeding Their Five-Year-Old

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Ice-T is currently trending on Twitter thanks to an interesting message he posted.

Coco Austin and daughter Chanel attend 'Bash for the Bulldogs' Benefit

Source: Rob Rich/WENN.com / WENN

“News Flash! We feed Chanel FOOD…” Ice-T tweeted. “She just likes to suck moms boob every now and then… Me Too!!!”

The rapper turned actor defended a recent interview his wife Coco, 42, did with US Weekly where she defending continuing to breastfeed their daughter past the age of two.

“You want to know something? Chanel still loves my boob,” Coco told US Weekly. “She’s five years old. It’s a big bonding moment for a mother and your child.”A lot of people are like ‘oh you’re not getting the nutrition after 2-years-old, why do it?’ And I’m like, my child is eating steak and hamburgers, she just likes a little snack every now and then and more of the bonding with the mother. Why take that away from her? I’ve gone into the subject many times now that I have a daughter. Europeans, they stop around 7-years-old. They go until the child doesn’t want to do it anymore and that’s where I’m at with it. If she doesn’t want it, all right, that’s where you stop it,” she told Us Weekly. “But I’m not just going to say no boob. At night she cuddles with my boob she calls it the “boo boo” and she loves on it, it’s not like she’s getting a meal from it. She’s getting a little snack and it’s soothing her to sleep. I think all women do something a differently when it comes to their child but I don’t want to deprive the boob from her.”

Coco joined her mom for the interview saying, “You know what? Boob makes me sleep.”

“I don’t want to deprive her of something that she wants just because society says you need to stop after two,” Coco continued. “This is my child. There’s no stopping at a specific time and I’ve had numerous arguments about this on Instagram because I have a lot of moms who follow me.”

Coco also admitted that Chanel (and the family’s four dogs) join her and Ice-T in their “family bed” and that Chanel is allowed to watch horror films. The five-year-old even chimed in that the first movie she saw was, “IT.”

Listen — to each their own. But we can see why Ice’s tweet would stir up more controversy. Do you think it was a bad move on his part to take something like breastfeeding that people WRONGLY try to sexualize and then add a sexual element to it and not expect people to be critical?

How old were your kids when you decided to stop breastfeeding? How about sleeping in your bed? And how about R rated movies — how young is too young for kids to watch?





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Ja’king the Divine – “Delusions of Grandeur” (Album)

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Brooklyn and Long Island are not only known for being the base of some of the originators of Hip Hop, but also known for spawning a bunch of new upcoming names. Stream “Delusions of Grandeur“, the new project from bubbling emcee Ja’king the Divine.



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