Jay-Z to Auction ‘Reasonable Doubt’ NFT at Sotheby’s
Jay-Z is selling a non-fungible token (NFT) based on the album cover of his debut album, “Reasonable Doubt.”
The NFT will be sold by Sotheby’s in a special single-lot auction that opens today and runs through July 2.
The announcement comes days after Damon Dash, one of the co-founders of Roc-A-Fella Records along with Jay-Z and Kareem Burke, was sued for allegedly trying to sell the copyright of “Reasonable Doubt” as an NFT.
Roc-A-Fella Records is suing Dash over the sale, claiming he doesn’t own the rights to the album. According to the complaint, since Dash only owns only one-third of the record label, the rights aren’t his to sell.
“It’s fitting that JAY-Z’s pioneering lyrical brilliance is commemorated through the iconic vision of acclaimed artist Derrick Adams in a bold new medium,” Sotheby’s Cassandra Hatton said in a statement. “The release of Heir to the Throne marks the continued influence of Reasonable Doubt and its deep legacy of cultural importance.”Source