With NFT technology enjoying a sizeable media presence at the moment, it was only a matter of time until noteworthy pieces of architecture would be added to the blockchain: a 9,000-square-foot residence in Larchmont, New York, originally designed in 1958 by local firm Finn and Ginter and expanded multiple times in 1989 and 1991 by famed mid-century modern architect Paul Rudolph, is being advertised as the "world's first masterpiece architecture NFT."
Take a video tour with me in the house! #midcenturymodern #paulrudolph #greenenergy #homerenovation #realestatenews #newyorkhomes see website for more details. https://t.co/EXzTkMRa6v pic.twitter.com/XPtdA5lqma
— 862fenimore (@862fenimore) October 27, 2020
862 Fenimore, also known as the Edersheim Residence, sits on 2.49 acres of land and has recently been restored by architect Michael Grogan with the advice of architects of the Paul Rudolph Foundation. Contemporary sustainability features like geothermal systems and a 100-panel-solar roof bring the landmark building up to reportedly "zero" energy green home standards (ironically only a mild counterbalance to NFT's poor environmental performance).
Priced at $4,900,000 in this Paul Rudolph Heritage Foundation listing, the property asks for a minimum bid of 1 ETH (currently around $2,300) on the crypto marketplace OpenSea.
Update May 14, 2021: An earlier version of this article incorrectly stated that Paul Rudolph was the building's original designer. This has been corrected to reflect Rudolph's role as the architect of multiple renovations and expansions in the 1980s and 1990s.
10 Comments
I dislike the heavy-handedly lifestyled and updated historically significant modern homes. Digitally coined and hyped real estate speculations fucking architecture for good...
Leave it alone!!!
Not so much interested in the world of monied people. And, their personal edifices shouldn't define good architecture. I looked at a lot of earlier residential modern architecture in Los Angeles and they are a lot humbler than these agent designed ones.
I was JUST KIDDING.
Also, tagging an NFT as green ANYTHING is bullshit.
The auction includes the deed to the property, so what is the point of the NFT for this? I can see where for something that exists digitally a NFT makes sense to prove ownership of the original and not a copy, but if you have the deed isn't that the proof you need to indicate ownership? There is only one deed and it's not like I can just right-click and save a copy of the property to my hard drive.
the wayfair finish package is disgusting, lol
Yeah what is the point? Article seems to be asking the same question.
Some moron will no doubt buy the NFT. But only after buying some crypto - and thereby jacking up its price.
NFTs have no value except as a way to promote the sale of Etherium. That is what the NFT craze is all about. It's a digital-age gold rush and will end up exactly the same way with a few making vast fortunes and the majority losing their shirts.
Economics at work.
This was not originally designed by Paul Rudolph, he added on a few times in the 1980s with a freestanding and quite interesting guest house in the back (also restored yet oddly not well-advertised in all this). This is a quite important distinction when considering the latest renovation/addition work (not a full preservation project, there were many non PR, terribly-designed area. The main PR elements were fully restored). Weeks ago I sent Archinect plenty of sources proving this, but....
Thank you for pointing this out. The article has been corrected to reflect Paul Rudolph's involvement in this project.
Thank you Alexander!
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