The images in Creatd's third NFT art offering show Madonna sitting naked for photographer Herman Kulkens in 1977, while she was a dance student at the University of Michigan. The images were acquired for $45,000 from the Herman Kulken estate by Bob Guccione in March 1987, as confirmed by the settlement agreement, which is part of the OG Collection archives.
The OG Gallery is auctioning off the one-of-a-kind NFTs on the OpenSea platform. The auction started at 4:00 pm EST today and will end in seven days. Each NFT was posted with no reserve and a starting bid of 0.025 wETH (about $100). The freshly listed NFTs can be seen on the OG Gallery site, and they are open for bidding.
In connection with the last NFT release, the Company held a public vote to determine which genre would be the most popular for future releases. According to the results, 57 per cent of respondents favored celebrity-themed NFTs, while 22 per cent wanted to see an NFT starring Penthouse Pets. Sci-fi art was favored by only 16 per cent of respondents, while the remaining 5% favored pictures from the OG Collection. As it finalizes its NFT schedule for 2022, the Company will continue to connect with its audience.
"These photographs are as noteworthy now as they were in 1987," Creatd's founder and co-CEO Jeremy Frommer said. "They continue to stimulate discourse about the borders of art and censorship."
He was further quoted saying, "This release is very significant to me since I have always been a huge Madonna fan. Like a Virgin, released in 1984, was a significant record in my childhood, as it was for many others. With this decline, we decided to start the bidding at the cost of minting the NFTs plus transactional fees–0.025 wETH, or around $100–thus decreasing the entrance barrier to the auction."