A millionaire burns a drawing of Frida Kahlo to digitize it and sell it as NFT

The drawing 'Sinister Ghosts' by the Mexican artist Frida Kahlo, while it was being burned by the millionaire Martin Mobarak.Frida.nft

Millionaire Martin Mobarak burned an untitled drawing by Mexican artist Frida Kahlo

to turn it into 10,000 digital pieces and sell them in the form of NFTs, a digital certificate used to record ownership of something collectible.

The owner of the work, in which "sinister ghosts" can be read and is valued at 10 million dollars, said that the funds will be used to transform and revolutionize digital art, charity and the world of health.

Kahlo's drawing is one of the items in her diary, dated between 1944 and 1954. Mobarak, who presents himself as a philanthropist and transformer of NFT, is the founder of the Frida.NFT initiative, a website in which he indicates that With the digital transformation, Kahlo's art "will be shared around the world" to create donations that will continue to grow "in eternity."

The Mexican millionaire bought the image in 2015 from the New York gallery Mary Anne Martin.

Mobarak assures that, with the creation of the NFT, the foundations chosen to receive the funds will get "constant" help.

The millionaire admits that the burning of the drawing is a "strong" part and that it can be "misunderstood", but for him it is a process to lead the artist to an "immortalization".

"Burning the work is going to help create the collections," said the founder, who believes that, if the artist knew the destination of the collections, she would have told him to "burn everything".

Mobarak set the drawing on fire at an event held on July 30 in Miami.

On the web, the millionaire invites the general public to buy what he says is the "most historic NFT in existence" next November.

The drawing 'Sinister Ghosts' before being set on fire.Frida.nft

The work was digitized on both sides of the page.

On the back, it includes the words “Chromophore” and “Auxochrome”, two scientific terms that the Mexican artist adopted as names for herself and her partner, fellow artist Diego Rivera.

In other pages of the diary, which is part of the Frida Kahlo Museum collection in Coyoacán, the painter describes herself as "Chromophore, the one who receives color" and Rivera as "auxochrome, the one who captures color."

Mobarak says that the work expresses love and pain.

On the one hand, the love reflected by the terms with which Kahlo referred to her and her partner;

on the other, the “sinister ghosts” that, according to the millionaire, the artist captured to show her fears.

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