“Abundance” of Caution: UK Court Action over Beeple Artwork
Russells is acting for Mr Amir Soleymani in English court proceedings against the digital art auction platform for non-fungible token (“NFT”) art, Nifty Gateway.
Mr Soleymani’s action relates to an online auction earlier this year concerning the digital artwork “Abundance” by the artist Beeple. Mr Soleymani was outbid at the auction but Nifty Gateway has demanded payment from him, claiming the auction was a “ranked auction” which required the top 100 bidders to pay for a numbered edition of “Abundance”. Mr Soleymani has refused to pay and the matter is now being litigated.
In his action, Mr Soleymani asks the English court to declare that:
- Any contract between Nifty Gateway and Mr Soleymani is illegal under the Gambling Act 2005 and therefore void.
We believe this to be the first UK claim issued involving an auction for digital art traded as an NFT. The case has been widely reported:
- “An Irate Collector Is Suing the NFT Platform Nifty Gateway Over the Terms of a Very Weird Beeple Auction” – https://news.artnet.com/
- “Art collector sues NFT platform Nifty Gateway over Beeple auction” – https://www.theartnewspaper.
com/2021/10/01/art-collector- sues-nft-platform-over-beeple- auction
- “NFT Platform Nifty Gateway, Collector Caught in Legal Battle Over Beeple Auction” – https://www.artnews.com/art-