Millionaire Martin Mobarak probed for torching $10M Frida Kahlo painting in NFT stunt

[OnlinePoker]

Source: New York Post

Who says crypto is going down in flames?

A Miami millionaire claimed to have burned a $10 million dollar work by renowned painter Frida Kahlo as part of an NFT launch — and is now being investigated by officials in the late artist’s homeland of Mexico, according the country’s National Institute of Fine Arts and Literature.

Entrepreneur Martin Mobarak filmed himself apparently setting the small and colorful Kahlo drawing ablaze at an event in July, in a stunt that was meant to promote his sale of digital versions of the rare work, which is considered a national treasure in Mexico.

Read more: https://nypost.com/2022/09/27/rare-frida-kahlo-drawing-torched-in-nft-sale/

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The insanity of burning a $10 million tangible asset to turn it into crypto units boggles my mind.

On edit: I'm hoping it's a hoax and the painting was a copy, but if this is the case and he sells those NFT's, I would think that would be fraud.