NFTs, or non-fungible tokens, are digital assets that are unique and cannot be copied. As the name indicates, they differ from fungible asset classes such as stocks, bonds, and commodities in that their ownership is encoded using smart contracts on Ethereum-based blockchains. NFTs can represent anything from artwork to real estate to collectibles—and in some cases even influence future events such as votes on legislation or shareholder decisions.
Beeple Everydays – The First 5000 Days
This piece, created by artist Beeple in 2015, is currently being auctioned on the NFT art marketplace Rarebits. The starting bid for this piece is $1,000 and it will sell for $2,400. This piece was printed on an archival museum quality inkjet paper to ensure its long-term preservation over time. The dimensions of this work are 48×36″ (122x91cm).
# 16.00, Christies
The piece sold in the Christie’s auction is a series of digital paintings by Beeple, aka Mark James. The sale price was $16,000.
The painting features a man with short hair wearing a beige jacket and pants, sitting on top of what looks like a floating cloud made up of blocks. The background is filled with other geometric shapes in various colors, including reds and oranges that resemble flames coming from the ground around him.
A CryptoPunk, in the simple terms, is a 3D model of an animal that is unique. Each CryptoPunk has its own DNA code and can be bought and sold on the Ethereum blockchain. The art can be traded across different networks, but it’s not like you could go to Walmart and buy one on your lunch break. They’re all registered on the blockchain so each artist will have their own set of rules for how they want their art to move around—you know, legally speaking.
If you’re interested in investing in something other than cryptocurrency or traditional stocks or bonds but don’t want to go down a rabbit hole of obscure ICOs (initial coin offerings), this might be worth checking out if you’ve got some spare cash lying around at home that could use some diversifying into something new and exciting!
# 7.5m, on OpenSea
Crossroads by the artist Melinda Beckett was sold at auction for $7.5m on OpenSea. The artwork, which is a digital representation of Beckett’s original oil painting, was bought by an anonymous buyer.
Forever Rose is a digital artwork that was created by artist Mike Jones and sold for $1 million USD. The artwork is an ERC-721 token and is a unique collectible. This means that it cannot be reproduced or cloned, making it rare and valuable. With the sale of Forever Rose, Mike Jones became the first artist to sell one of his works at an auction for over $1 million USD in crypto currency (Bitcoin).
# 1m, on Nifty Gateway
The most expensive NFT on the Nifty Gateway is a digital art piece created by artist Kevin Abosch called Forever Rose. It was sold for over $1m in 2019, making it one of the most valuable NFTs ever sold. The Forever Rose is not just an image or a painting—it’s an actual token that users can buy and sell through the Nifty Gateway platform.
The Crossroads piece by Cryptokitties is a one-of-a-kind work of art. The NFT was created through an auction on Foundation, and only one copy of it exists. The buyer paid $6.6m for it back in May 2019, making it the most expensive NFT to date. This digital painting can be put on display via a digital frame or placed within one’s personal collection in a virtual gallery that might include other Cryptokitties works of art as well as pieces from other artists like Damien Hirst and Jeff Koons.
# 6.6m, on Foundation
Foundation is a decentralized art gallery that allows artists to showcase their work and collect payments from the Foundation’s large network of collectors. It’s one of the most popular NFT exchanges, with more than 400,000 users. So it’s no surprise that they have quite a few high-value NFTs on offer.
One such item is “Rising Star,” by CryptoKitties artist Eloqe: A limited edition token that was sold for $6.6 million in December 2019 (the first time an artwork sold for over $5 million).
- The most expensive NFT is a CryptoPunk, which sold for $128,000.
- The second-most expensive NFT is a Beeple Everydays, which sold for $88,000.
- The third-most expensive NFT is a Forever Rose, which sold for $80,000.
- The fourth-most expensive NFT is an extremely rare Crossroads card—the only one in existence—and it went for $56,000 at the end of July 2019 (it’s now back up to its original price).
We hope you’ve enjoyed our list of the most expensive NFTs on OpenSea. As we mentioned earlier, this is not an exhaustive list, but it should give you an idea of what’s out there and how much it costs! If you have any questions about acquiring or selling NFTs on OpenSea, please reach out to us at [email protected] Also check out our other articles about buying and selling NFT art here.