Until now, the focus of lunar exploration has been to get to the moon, and then bring stuff back – stuff like a bag full of dust for scientific study, for example (see below). But now, there’s an altogether different kind of space race under way – the race to take stuff to the lunar surface. Stuff like art. It began when Nasa asked robotics companies to come up with pod-like lunar landers to ferry equipment to the moon ahead of its own planned trip to return astronauts to the lunar surface for the first time since 1972, says Kelly Crow in The Wall Street Journal. At least two of those companies also plan to be the first to send up art. (In fact, that race may have already have been won. Legend has it that a postage-stamp-sized ceramic tile called Moon Museum, etched with drawings by artists including Andy Warhol, surreptitiously went up with Apollo 12, in 1969. It may still be attached to the lunar module, but somebody needs to go up there to prove it.)
Jeff Koons, the American artist who currently holds the record for the living artist who has sold the most expensive artwork, is intent on winning the race. His cuboid installation called Moon Phases, which is packed with miniature and almost weightless moons in various phases of their lunar cycle, is to hitch a ride on a SpaceX Falcon 9 rocket later this year. Koons is racing against Sacha Jafri, a London-based artist, who last year created the world’s largest painting. His artwork, a thin metal plate engraved with an embracing couple and 88 hearts, called We Rise Together, is to go up on a rocket designed by United Launch Alliance, a joint venture between Lockheed Martin and Boeing. This has suffered delays, but also hopes to fly by the end of 2022.
One giant pay cheque
Neither artist has overlooked the more terrestrial matter of how to make money from their launches. Both will issue digital works in the form of non-fungible tokens (NFTs). After Koons’ lander touches down, cameras will take photographs of the cube to be “minted” into 100 NFTs. The first 15 will cost $2m each, with later versions possibly priced higher. Buyers will also acquire one of the miniature moons (although not the right to remove it from the casing, assuming they were physically able), and an encased metal-alloy model moon for display on Earth. A gemstone will be added to the spot where Moon Phases eventually ends up on the real lunar surface. Jafri plans on minting 20,000 NFTs to be sold later in aid of charity. He claims one prospective buyer has already pledged $75m. It looks to be one small step for NFTs, one giant pay cheque for these two artists.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The $1.8m bag of dust
A “contingency” sampling of lunar dust that Neil Armstrong collected from the moon during the Apollo 11 mission in July 1969 was the star lot of the Bonhams “Space History” sale in New York last week. According to Armstrong’s biographer James Hansen, the astronaut was so focused on taking photos on the moon that at first he neglected to collect the sample that was a mission priority. If the mission had had to be cut short, Nasa would at least have this small sample of dust and small rocks to show for its efforts. But Armstrong did fill the Teflon bag with two scoops of surface matter, weighing around a kilo in total. The bag then made its way back to Earth – only for Nasa to lose it.
In 2003, the bag turned up in the garage of Max Ary, a director of the Cosmosphere space museum in Kansas, who, two years later, was jailed for theft, money laundering and fraud, says Liam Kelly in The Sunday Times. US government officials seized and sold his space memorabilia, which included the bag, to cover Ary’s fines. The bag was bought for $995 by Nancy Lee Carlson, who sent it to Nasa to be authenticated. Nasa said it was genuine, but refused to return it, arguing that it never should have been sold. The space agency removed the moon dust using double-sided carbon tape, attached to aluminium discs, and the bag was sold in 2017 with Sotheby’s for $1.8m. Meanwhile, following legal challenges, Nasa was eventually ordered to return five of the six aluminium discs to Carlson. They sold for $504,375, including fees, last week. A full-sized model of Sputnik 1, the first man-made satellite in space, sold for $2,550, also as part of the sale, and a signed photo of fellow Apollo 11 astronaut Buzz Aldrin, standing in the moon’s Sea of Tranquillity (pictured), fetched $4,845.
Auctions
Going…
A “magnificent and extremely rare” large doucai Chinese vase, dating from the Qianlong period (1736-1795), is the highlight of Christie’s Chinese ceramics sale in Hong Kong on 30 May. Doucai refers to the decorating technique by which fine underglaze cobalt blue lines were painted onto the porous unfired clay. The design, the ruyi motif, is based on the form of a lingzhi, a type of fungus, expressing a wish that the emperor receive everything he desired on his birthday. The body of the vase features four gilt Buddhist symbols of good luck, and the handles are formed as dragons. The vase (pictured) is valued at HK$30m-HK$50m (£2.9m-£4.9m), with the proceeds to go to a fund for the acquisition of artworks.
Gone…
A blue-and-white Chinese vase that was filled with a few dried flowers when it was spotted at a house clearance in Mansfield, Nottinghamshire, was initially valued at £50 by auctioneer Charles Hanson, believing it to be a reproduction, says The Derby Telegraph. But after it was listed for sale online, “extraordinary” offers were made. The vase had been given to the seller’s father, when he worked as a chauffeur in the 1950s. It was withdrawn from sale, and further research revealed that the vase is a rare piece dating from around 1640, a turbulent period in which the Ming dynasty ended. After being relisted by Derbyshire-based Hansons Auctioneers, with a guide price of up to £3,000, the vase was sold to a bidder in China for £15,000.
SEE ALSO:
The $15m violins up for auctio
-
Rachel Reeves confirms ‘workaround’ for pensioners facing tax bill on state pensionAs the full new state pension looks set to breach the tax-free personal allowance within years, the government has said anyone on just a state pension won’t have to pay income tax on the payment until the end of this parliament
-
Zoopla: House prices in southern England drop for first time in 18 monthsHouse buyers could benefit from a fall in prices, triggered by a rumoured ‘property tax’ prior to the Budget, as Zoopla revealed lower prices for the first time in 18 months
-
Where to look for Christmas gifts for collectors“Buy now” marketplaces are rich hunting grounds when it comes to buying Christmas gifts for collectors, says Chris Carter
-
No peace dividend in Trump's Ukraine planOpinion An end to fighting in Ukraine will hurt defence shares in the short term, but the boom is likely to continue given US isolationism, says Matthew Lynn
-
Will the internet break – and can we protect it?The internet is a delicate global physical and digital network that can easily be paralysed. Why is that, and what can be done to bolster its defences?
-
Why UK stocks are set to boomOpinion Despite Labour, there is scope for UK stocks to make more gains in the years ahead, says Max King
-
Chen Zhi: the kingpin of a global conspiracyChen Zhi appeared to be a business prodigy investing in everything from real estate to airlines. Prosecutors allege he is the head of something more sinister
-
Canada will be a winner in this new era of deglobalisation and populismGreg Eckel, portfolio manager at Canadian General Investments, selects three Canadian stocks
-
Jim O’Neill on nearly 25 years of the BRICSJim O’Neill, who coined the acronym BRICS in 2001, tells MoneyWeek how the group is progressing
-
Circle sets a new gold standard for cryptocurrenciesCryptocurrencies have existed in a kind of financial Wild West. No longer – they are entering the mainstream, and US-listed Circle is ideally placed to benefit
