ARTIST'S STATEMENT
The world of NFTs have fast become overpopulated with celebrities, gimmicks and hype to the point that art is practically lost in the background amongst the ever increasing noise and chatter. On another note, many artists in the pursuit fame and fortune, have abandoned critical thinking; and, in the process, developed a new form of content which is a hybrid of luxury goods, design/toys and art. Jeff Koons and his gallery have set their sights beyond the traditional art world and are shooting for the moon—literally. This work is a satire employing humor to comment on the commercialization of art, artists and technology.


CONDITION REPORT
Written by Startbahn, Inc.
 
The condition report is provided by Startbahn, Inc.
 
This NFT was issued on Startrail, a blockchain infrastructure operated by Startbahn, Inc. Startrail is built on the Polygon, a Layer 2 sidechain to the Ethereum blockchain. The artwork’s information, such as the basic information and its provenance, is saved on private server managed by Startbahn. The buyer can access the data of the work by using the Startbahn Cert.    
The security of the NFT meets the ERC721 standard, and the solution includes standard ERC721 functions for transferability. NFTs issued on Startrail can be viewed and managed on Startbahn Cert. There is no fee for using Startbahn Cert.    
 
●      What is Startrail?
https://startrail.io/en/

●      What is Startbahn Cert.?
https://help.cert.startbahn.io/hc/en-us/categories/360004253653-What-is-Startbahn-Cert-and-How-to-Use-it
 
●      How to create an account on Startbahn Cert.
https://help.cert.startbahn.io/hc/en-us/articles/360048798633-Sign-UP
 
It is recommended that buyers create an account on Startbahn Cert. (https://cert.startbahn.io/en) to receive this NFT. An account can be created using the MetaMask or Torus wallet services. If you prefer MetaMask, please create a wallet on MetaMask beforehand. If you prefer Torus, you can create a wallet using your Google account or email address on the Startbahn Cert. signup page.
    
Access to the work’s data is restricted to NFT holders and NFT issuers only. The provenance and authenticity of the work is securely recorded on the Startrail Registry Record (SRR).
                         
               
 Even after the NFT work is sold at the auction held by SBI Art Auction Co., Ltd., the artist can apply the terms of use for the NFT holder by agreeing in advance with the current NFT holder. If the terms of use are set, it is necessary for SBI Art Auction Co., Ltd. to set it in the NFT. The latest version of terms of use show always on the viewer page of work of Startbahn Cert.      
 
This NFT can be on resale on OpenSea and other ERC721 compliant Polygon marketplaces, but please note that some marketplaces may not display the NFT information correctly due to different information structure. We will announce the partnerships with other marketplaces as they become available. The buyer may resell this NFT via galleries, auction houses or off-chain markets, and transfer the NFT ownership to the next owner via Startbahn Cert.
 
For further information about how to resell the NFT, Startbahn will send guidance to buyers.
 
This Condition Reports are statements of Startbahn’s opinion and not representation of fact. The reports are non-exhaustive and based solely on information provided to Startbahn and/or obtained by Startbahn prior to sale, unless otherwise specified. The reports may make reference to a lot’s smart contract details and history, metadata and/or media file specifics, storage, and/or origin, and other token features, however, may not refer to or identify all faults and potential vulnerabilities. The images of a lot form part of the condition report for the lot, however certain images of a lot provided online may not accurately reflect the actual condition of the lot. Condition reports may make reference to particular imperfections of a lot, although the lot may have other faults or issues not expressly referred to in the condition report for the lot or shown in the online images of the lot.
 
Condition reports are not an alternative to carrying out your own inspection and investigation of a lot and/or seeking your own independent professional advice. All auction participants should inspect a lot and satisfy oneself as to its condition prior to bidding. The responsibility for ascertaining the condition of a lot remains with the purchaser, and Startbahn cannot be held responsible for the content of condition reports, which are provided for guidance only in assessing the condition of a lot. NOTWITHSTANDING THIS ONLINE CONDITION REPORT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS APPLICABLE TO THE RESPECTIVE SALE(S).


NOTICE
1. About NFT
NFT (Non-Fungible Token)s for this sale are minted on the platform called "Startrail" provided by Startbahn Inc.. Startrail is built on Polygon blockchain, a Layer2 sidechain of Ethereum, and NFT generated on Startrail meets ERC721 standards.

2. Relevance between NFT and Digital data
An NFT is a digital asset which creates a tokenized proof of title to a unique digital version of an underlying digital asset (such as images, videos or other digital content). The digital data of the artworks is not included in NFT, and it is not recorded on the blockchain where the NFT issuance and transactions are recorded.

3. Storage of Digital Data
The digital data of the NFT is stored on the file server managed by Startbahn Inc..
For NFT transactions in NFT marketplaces, it is common to store the digital data by using the decentralized management services such as IPFS. However, there is a considerable discussion of the pros/cons about the current situation where anyone, not just NFT holders, can access the digital data of the artworks. Therefore, taking rarity which is one of characteristics of 'art' into consideration, please make sure before you participate in the sale that the lots will be sold in a state where only NFT holders and artists can access the actual digital data.
In addition, the buyer should understand that the technical specifications such as data management methods and the setting of the right to access the digital data may change due to future technological innovations.

4. Receipt of NFT
The successful bidder will receive an email to notify the blockchain certificate issuance from Startbahn Inc.. (*)
After receiving the email, the successful bidder should log in to Startbahn Cert. by following the instructions written in the email. Transfer of the NFT to the successful bidder's Startbahn Cert. account only completes after logging in. The successful bidder can check the artwork information on Startbahn Cert. at any time by logging in to his/her account.
*If the customer already has the Startbahn Cert. account, please let us know your registered email address in advance.
[For the buyer with digital wallet service]
If the successful bidder would like to receive the NFT with his/her existing digital wallet, please contact us in advance. The digital data can successfully be transferred if the digital wallet is compatible with ERC721 standards.. However, the successful bidder should understand that the work may not be fully displayed due to differences in the specifications of each wallet service.

5. Signing up
In order to bid in SBI Art Auction, it is required to verify your identity and credit by signing up as a member for the first time. Please sign up the following link.
The procedure is the same as for regular sales, so the customers who have already participated in our auction in the past do not need to sign up again.
>> Sign up

6. To place bid
NFT works will be sold at our Modern & Contemporary Art Auction. The sale will be held in the saleroom and NFT works will be sold in the same manner as the other artworks. Therefore, please bid by submitting absentee bid form, by telephone, using the online bidding system ‘live auction system’, or bidding on site.
The bidding deadline will be 5:00PM on Friday, May 27, 2022 (JST).
>> HOW TO BUY

7. Buyer’s Premium
Buyer’s premium is the same as Modern and Contemporary Art auction and is 15% of the hammer price (exclusive of tax).

8. Invoice
After the auction, invoice will be sent to the customer’s registered address or by email for those living overseas, including the winning lot of Modern and Contemporary Art auction if there is any.

9. Payment
As with our regular sales, SBI Art Auction only accepts payment by Japanese Yen through bank wire transfer. The payment deadline is 10 business days after the date of the auction. Please note that we cannot accept payments using crypto currency such as Bitcoin and Ether.

10. Copyrights and Terms of Use
The copyright of the winning lot belongs to the artist who created the work. As with fine art works such as paintings and sculptures, etc., the permission from the copyright holder is required for reproduction, secondary use, public transmission, etc. of the artwork.
Indivicual terms of use of the work may be set for each NFT. The client should confirm the terms of use on the work page on Startbahn Cert., a work registration certificate issuance service provided by Startbahn, please ask the NFT holder to share the URL in advance and make sure the latest conditions before transaction.
For Startbahn Cert., Please also refer to the "Startbahn Cert. Terms of Service" below.
>> Startbahn Cert. Terms of Service

For further information, please refer to "Conditions of NFT Auction".
>> Conditions of NFT Auction