Legendary Hong Kong director Wong Kar Wai will soon cast “In the Mood for Love” NFT. esteemed fine art auction house Sotheby’s will broker the deal. nft will contain never-before-seen footage from the first day of filming. How rare does that make it? Considering that “In the Mood for Love” is one of the most critically acclaimed films of the century, what does this mean for the NFT space? What does it mean for Asian cinema?
In the description box, Sotheby’s introduces its Modern Art auctions in Hong Kong.
“Acclaimed director Wong Kar-wai will bring his avant-garde aesthetic to Sotheby’s this October. As the first Chinese filmmaker to win Best Director at Cannes, Wong Kar-wai’s sensual films embody the spirit of modernism, so it is fitting that we are collaborating on a modern art auction in Hong Kong.”
More about Wong Kar-wai’s first NFT
Whenever the critics vote, the name “City of Love” appears among the best films of the century. Since its release in 2000, its reputation has only grown. Along with Wong Kar-wai’s The Wilderness Years and 2046, In the Mood for Love is the most famous part of the unofficial trilogy. And now one lucky person can own a digital representation of the unreleased footage from this film. In it, two of the main actors play characters different from those in the film. How rare is that?
The auction house describes the item as
“The star lot of Sotheby’s Modern Art Evening Sale on October 9 is Wong Kar Wai’s first ever NFT production – In the Mood for Love – Day One – edited from never-before-seen footage shot on the first production day of the international masterpiece In the Mood for Love (2000).”
They also quote Wong Kar-wai himself, saying :
“Today, we are able to immortalize this first day in a whole new form. In the world of blockchain, this arrow can chart a new course. May more of us, at every flash point, live on to chase that first spark.”
What does NFT entail?
It rhymes with Wong Kar-wai’s entire trilogy in more ways than one.” The main cast of “In the Mood for Love,” but as completely different characters. Here’s what a concept it is.
“The first ever released NFT short contains rare footage starring Tony Leung and Maggie Cheung in completely different roles to the iconic lovers from the original film. This unique work of art celebrates a pivotal and wondrous moment when a creative idea was first conceived, while marking the first time ever that an Asian film NFT has been offered at an international auction house.”
Is there a concept behind this extremely rare NFT, which is backed by a legendary piece of cinema, that will break some records? By far the most expensive NFT in the world is Beeple’s “Everydays. the first 5,000 days”. Rival auction house Christie’s sold it for $69,300,000. That doesn’t mean Sotheby’s hasn’t been in on the game. They sold CryptoPunk #7523, aka Covid Alien, for $11.8 million.
Sotheby’s is currently auctioning off a lot of 101 Bored Ape Yacht Club NFTs. with a top bid of $19 million, the lot closes in about 9 hours. Get in on it while you still can. Or save your money for the one from Wong Kar Wai.