STADLER VÖLKEL Rechtsanwälte GmbH

Summer Kiss Sale

30 June 2022
Summer Kiss Sale

For Valentine's Day 2022, the Belvedere entered the NFT market with Gustav Klimt's most famous painting, "The Kiss". In the process, 10,000 digital NFT pieces were offered at a price of 1850 euros. At the beginning of May 2022, the mood tilted, as the individual piece was only worth around 770 euros. This caused displeasure among buyers.

In its June issue (no.24), the magazine "Falter" devoted a long article to the subject, entitled "Summer Kiss Sale". In it, Arthur Stadler also has his say in an interview, criticizing above all the lack of information about the right of withdrawal for consumers when buying NFTs.

The article can be read in full here.

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