Pablo Picasso's granddaughter Marina and great-grandson Florian revealed earlier this week that they would be releasing a series of 1,010 NFTs of a ceramic piece by Picasso. A tune produced by Florian, a DJ, would be playing alongside the NFTs. The proposal has been blocked by the other members of the Picasso according to the Associated Press.
Marina and Florian had invited AP to visit Marina's house last week to learn more about the NFTs, which they planned to mint as a sort of early preview before the official debut. They had stated that a Sotheby's auction would take place in March. Following the AP's initial story, the Picasso family and Sotheby's informed the news organization that the transaction would not take place. "The information in the media that the Picasso heirs would enter the market for 'Pablo Picasso' NFTs is absolutely false," wrote Jean-Jacques Neuer, a lawyer for the Picasso Administration, which oversees the use of the Picasso brand. The family also confirmed that the ceramic artwork on which the NFTs are based will not be sold, contrary to previous reports.
Although Pablo Picasso's three children and two grandchildren share shared ownership of the Picasso name's intellectual property, only Claude Ruiz Picasso, Picasso's son, and the family's administrator, has the authority to approve an NFT project. Marina and Florian Picasso have now recanted their statements. Florian's lawyer, Cyril Noterman, told the Associated Press that the NFTs were solely Florian's. "Perhaps we should have been clearer from the start," Noterman added
Jean Dubreil