Museum Exchange

With immense honor, my wife Eva and I are beyond thrilled to announce our recent donation of Chris Burden's Path to Xanadu to @LACMA, now part of the museum’s permanent collection!

In July 2021, Eduardo Burillo gifted CryptoPunk #5293 to the Institute of Contemporary Art, Miami, where he had recently joined the board of trustees. This donation made ICA Miami the first major art institution in the United States to hold an NFT in its collection, sparking conversations about what it means for museums to collect, own, and conserv... See more

We thought this was a really compelling opportunity to enter the world of NFTs, with a number of considerations in mind. In the future, the CryptoPunks will be seen as a time capsule of this period. They were an early, if not the first, major permutational project that took the space by storm, and as such the works are representative of a community... See more

According to the most recent Art & Finance Report from Deloitte and ArtTactic, 83 percent of collectors under age 35 are focused on art investment returns compared with 44 percent of older collectors.

Barriers to entry for his peers, Palley explained, include a sense of ignorance. “We’re used to seeing everything online — click to browse and click to buy — and there is huge transparency and the commercial art world is very opaque and hard to navigate.”

“That doesn’t work for us,” Palley continued. “My generation, we want to see numbers, we want t... See more