Artist Lincoln Townley, aka the Next Andy Warhol, Accepts Crypto For Whole Collection
Lincoln Townley, who has been described by Sir Michael Caine as the next Andy Warhol, has sold his entire art collection for cryptocurrency.
Townley’s work hangs in the homes of several prominent individuals, including Sir Michael Caine, Sting, Ronaldinho, and Samuel L. Jackson. Rather than continue presenting his work in art galleries, Townley opted to sell his collection on social media. Interestingly enough, he’s not the only one to have done so. However, he may be the first to sell his work without showing it to the buyer’s first. Rather, buyers could only see the art on an application called WhatsApp.
As the artist stated, he is “shaking up the art world” with his different viewing methods and payments. His main goal is to remove the middleman from the process. He stated to the Daily Express, “There is no two ways about it. The people who invest in bitcoin are without doubt speculators – they are looking at something with more of a risk . . . but that’s why I thought to myself, these are the sort of people [who] would be interested in purchasing my art as an extension of their investment portfolio . . . There are so many other ways to get sales with technology.”
Townley’s latest collection, called “Behind the Mask” will be featured at the Biennale di Venezia next spring. Rather than deal with middleman concerning the sale of his work, he’s opted for more creative ways, such as crypto.
As Townley further added,
“The best thing is it fuels my belief that galleries are secondary to my artist’s success – they just need to look at galleries as another string to their bow . . . I’m always look at ways to do things differently in my route to the market.”