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Part of the Artist’s Contract for Decentralized Art (ACDA): If royalty rule broken, initiate ‘reverse duchamp’. Will it work? TBD
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Thanks @trpplffct !
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Fungible unit plays with non fungible token. Result?
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A publication on TXT work to date is coming together…
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Still on the minds…
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Mapping, drawing, placing, thinking…
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A purported quote by Rauschenberg to collector Robert Scull at a 1973 Sotheby’s auction, after his “Thaw” (1958) artwork sold for $85,000, that Scull initially bought from Rauschenberg for $900. Rauschenberg went on to lobby and advocate to implement a royalties law in the US, an unsuccessful effort at the federal level, with some impact on a royalty law in California that is rarely used.
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From the draft preamble: ‘The ACDA transforms your artwork into a defined, art-centered asset, wrapped and protected by a set of rules at the crucial point of first transfer, when it leaves your hands and enters the art market.’
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On the conceptual and economic connectivity of TXT’s artist contract with the art market and market forces at large: Finance as Social Practice
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Robert Projanksy, NYC lawyer who helped draft the Siegelaub-Projanksy agreement of 1971.
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Tracing a timeline to the present…what led to Decentralized Art?
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Clear differences and areas to evolve emerge between the Siegelaub-Projanksy agreement of 1971 and TXT’s Artist’s Contract for Decentralized Art (ACDA) in 2024. Part of the work in progress…
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Paula Cooper supported artists using the 1971 Artist Contract and testified in support of artist rights in the US Senate. Thank you 🙏 TXT is seeking artists and collectors interested in experimenting with our new contract for decentralized art. Interested? Please DM.
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A core tenet of the Artist’s Contract for Decentralized Art (ACDA). More coming soon…
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Decentralized Art - draft definition by @soulincode, a work in progress within the TXT collective. More coming soon…
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