• Tue. Jun 25th, 2024

Justin Sun Purchased a Picasso Painting for $20 Million

Hassan Mehmood

ByHassan Mehmood

Apr 2, 2021

Justin Sun has paid $22 million for Picasso’s artwork and another piece of art painted by Andy Warhol. The tech entrepreneur intends to convert these artworks into tokens through the JUST NFT fund. 

The painting bought by Sun, which is the work of Picasso, is known as “Femme nue couchée au collier.” The CEO of BitTorrent has paid a generous sum of $20 million for the artwork. Not only this, but the founder of TRON also bought Andy Warhol’s “Three self-portraits.” Sun paid another $2 million for this piece of art. The CEO of Rainberry intends to tokenize these possessions and is planning to launch these art pieces on the JUST NFT fund in the coming weeks.

Justin Sun’s Image in the Crypto Community

Justin Sun has become a celebrity in the cryptocurrency community due to his appreciation for digital arts. The tech entrepreneur is considered to be one the most influential people in the field of cryptocurrency. Sun paid $22 million for the arts of two traditional painters who are considered legendary artists for their artwork. Picasso and Warhol’s artworks have left their meaningful impacts on the community, and Sun’s generous payments are proof of his admiration for these two legendary artists. 

The founder of one of the largest blockchain-based operating systems has won the “Femme nue couchée au collier” and “Three self-portraits” paintings at the event of 20th Century Art event at Christie’s in London. In the past, the auction company successfully managed to auction off Beeple’s digital artwork, “Everydays: The first 5,000 days.” This digital piece of art was sold for $69 million, which broke all previous records and is considered a standard for all other digital arts. Since then, many digital artists came forward and seized the opportunity of NFT and what it offers. 

The CEO of BitTorrent revealed his plans to launch the JUST NFT fund at the start of March. The JUST NFT fund aims to guide digital artists to release their non-fungible tokens and make it easier for them to approach digital ledger technology. The JUST NFT fund accepts artworks with prices starting from $1 million.   

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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