Introduction
NFT art sales have surged in popularity in recent months amid a wider boom in cryptocurrencies such as Bitcoin and Etherium. In February 2021, digital artist Mike Winkelmann, aka Beeple, sold an NFT image collage for $69 million at auction – setting a new record for the sale of a work by a living artist.
The first of the big sales this year is “Everydays: The First 5000 Days”, a work by Beeple, one of the biggest names in crypto-art.
Beeple is one of the most well-known crypto-artists around. A collage artist, his work is made up of thousands of images that he’s sourced from all over the internet. His work has been sold for millions of dollars, including Everydays: The First 5000 Days which was sold for $69 million at auction by Christie’s in February. While it might not be quite as visually striking as some other pieces on this list, it’s a fascinating look into how our relationship with technology is changing us and our world.
Everydays was sold through auction house Christie’s and is a collage of 5,000 images that Beeple made every day over 13 years.
Beeple’s work is a collage of 5,000 images that took 13 years to create. It was sold through Christie’s auction house for $69 million, which is the most expensive piece of art ever sold by a living artist.
In February 2021, digital artist Mike Winkelmann, aka Beeple, sold an NFT image collage for $69 million at auction – setting a new record for the sale of a work by a living artist.
Christie’s announced the sale of an NFT art piece in February 2021 that was created by Beeple, an artist who is known for his digital collages. The piece had been on display at Christie’s for several months before it was sold to Vignesh Sundaresan, a collector and philanthropist from India.
The artwork consists of 5,000 images from around the world and took 13 years to create. After its creation, it first appeared online as part of a video game called “Utopia/Dystopia: An Art Exhibition by Mike Winkelmann aka Bleeple.”
Beeple’s non-fungible token (NFT) Everydays: The First 5000 Days is composed of digital images he had posted online each day for about 13 years.
Beeple’s non-fungible token (NFT) Everydays: The First 5000 Days is composed of digital images he had posted online each day for about 13 years. The auction was held by blockchain art marketplace Maecenas, which allows investors to buy fractionalized ownership of famous works.
Beeple’s collection sold for $69 million to an anonymous buyer, setting a record for the most expensive single piece of artwork ever sold at an auction by a living artist.
The sale also marked the first time that art has been purchased using cryptocurrency—the winning bidder made their payment in Bitcoin (BTC).
It was bought by American businessman Vignesh Sundaresan using cryptocurrency Ether.
It was bought by American businessman Vignesh Sundaresan using cryptocurrency Ether. He lives in India, which is where he bought the artwork from.
Ether is a type of digital currency that can be used to buy and sell goods and services online.
US auction house Christie’s sold the landmark artwork.
Christie’s is one of the world’s leading art auctioneers. It is based in New York and London, and its auctions are held in major cities around the world, including Hong Kong, New York and London.
In 2021 Christie’s sold a landmark artwork by British artist David Hockney for more than $90 million to an anonymous bidder on behalf of a private collector from China.
Mr Sundaresan said buying it as an NFT allowed him to “own” it and ensure it remains accessible publicly forever.
Mr Sundaresan said buying it as an NFT allowed him to “own” it and ensure it remains accessible publicly forever.
“This is the future of art,” he said. “I’m sure you’ll see more people investing in this way.”
Everydays is not the first piece of art sold as an NFT but its price tag makes it the most expensive so far.
The art market has a long history of controversy. Some say it’s overpriced, some say it’s undervalued. And while the world of crypto-collectibles is new and hasn’t been around for that long, there have already been some big NFT auctions.
Everydays was not the first piece of art sold as an NFT but its price tag makes it the most expensive so far. It sold for $22 million in less than 24 hours—and that was just one of three auctions held to sell off these paintings!
But what are NFTs? What do they mean for collectors and sellers? Here’s what you need to know:
Another artwork, with no physical form, went for more than $6m earlier this year in the US.
You may have read about the biggest NFT art auctions of 2021, but it’s not all about items with a physical form. One artwork, with no physical form, went for more than $6m earlier this year in the US.
The painting is a digital representation of Jackson Pollock’s 1948 work No. 5 (1948). The buyer paid $6.2m for the artwork after using cryptocurrency to pay for it – making it one of the most expensive non-physical artworks ever sold at auction.
It was sold by Christie’s New York as part of its ‘Post-War & Contemporary Art Evening Sale’ on May 16th 2019 and featured among others such pieces as Pablo Picasso’s 1964 oil painting Woman Reading and Andy Warhol’s 1982 silk screen print Self Portrait with Philadelphia Phillies baseball cap
NFT art sales have surged in popularity in recent months amid a wider boom in cryptocurrencies such as Bitcoin and Etherium.
- NFT art sales have surged in popularity in recent months.
- This rise is due to the wider boom in cryptocurrencies such as Bitcoin and Etherium.
- NFT artworks are unique, and can be traded like other cryptocurrencies on the blockchain.
- You can buy NFTs with cryptocurrency as well as traditional currency or gold bars!
Conclusion
After the Christie’s sale, there is no doubt that NFT art will continue to grow in popularity. The value of NFTs could even overtake that of physical artworks if they keep growing at this rate – which seems likely given the market potential for digital works.
