New York, August 1, 2024 – An American technology company, Co2Bit Technologies, is under scrutiny for reportedly attempting to exhibit an unauthenticated painting attributed to Jean-Michel Basquiat at the Museum of Modern Art (MoMA) in New York without the museum’s approval.
The painting, titled “200 Yen,” was promoted on a website as a genuine Basquiat. An intermediary claimed to represent Co2Bit Technologies in arranging the exhibition at MoMA, despite lacking the institution’s authorization.
This incident follows a similar controversy involving Co2Bit Technologies. Last month, ARTnews reported that the company had facilitated the private display of a painting with a disputed attribution to Russian modernist Kazimir Malevich at the Centre Pompidou in January. The Centre Pompidou confirmed to ARTnews that it had not granted permission for the exhibit.
These actions have raised concerns about the authenticity and provenance of artworks being promoted by Co2Bit Technologies, highlighting the challenges faced by museums in verifying the legitimacy of exhibited pieces.
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