Online Auction

May 20 - May 31, 2022


UNICORNS

"Cop a Load"

2009/2022 by Otto Schade (Osch)
Digital Art Non-Fungible Token (NFT)


What is included:

- Unique digital file 1/1

- Artist’s Certificate of Authenticity

- Smart Contract with limited exploitation rights*

The artist about "Cop a Load":
The painting that began it all and caused the controversy at the same time. Everything started in 2009, when I began doing street art, I started with stencils, so when I used these, I realized that it ended up being very similar to the Banksy style, so everyone was comparing saying, “Oh it looks like a Banksy”, so then I decided to change to my ribbon style. But when I started, at the beginning I began doing this baby sitting in a police cap, like a very cheeky baby sitting on this police cap. In the beginning I did not sign it, I was too cheeky, and if the police caught me, I could be arrested. So I did not sign it. People after that thought it was a Banksy one. Now the world knows it is #NotaBanksy, it’s an Osch. Learn more at www.NotaBanksy.info


CURRENT BID
USD 104,000.00

NEXT BID
USD 114,000.00

YOUR BID
USD 0.00


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TIME LEFT
Closed

The copyright for the artwork stays with the artist.

* = Exploitation rights are limited to the following rules: the owner of the digital file (NFT) is not allowed to create any digital or printed copies of the artwork. Thus, there is only 1 (one) unique and authorized file circulating. After the auction is closed, there will be 2 (two) limited editions of printed versions of the artwork: 100 (one hundred) poster prints and 100 (one hundred) t-shirt prints, both to be exclusively sold thru the International Gallery of Fine Arts Ltd. The owner of the NFT will receive 50% (fifty percent) of all net sales profits. There are no sales guaranteed, but the prints are expected to be sold out within 36 (thirty six) months of production with a profit share of appr. US$ 18,000 (eighteen thousand U.S. Dollars) to be paid to the owner of the NFT at time of sale.

Additionally, the NFT owner has the option to agree on the digital exploitation of the artwork as follows: the file can be part of an digital arts flat-rate subscription for individuals, businesses, galleries, and museums with a return of US$1 (one) per month per subscription for the owner of the NFT. Estimating an average of at least 1,000 (one thousand) subscriptions in 2023, the owner of the NFT would receive on average US$12,000 (twelve thousand U.S. Dollars) per year as proceeds from digital subscriptions. There are no subscriptions guaranteed.


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