Combine that with Winkelmann already being at the forefront of NFT sales, and today’s auction was destined to set records. If you (understandably) still have questions, you can read through our NFT FAQ. Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70 million “We have more responsibility than we’ve ever had in any collecting category as arbiters of the items that we’re selling,” Davis said. The artwork is attached to a non-fungible token (NFT… For collectors who believe that’s true, the escalating prices are nothing compared to what NFTs will be worth down the road, when the rest of the world has caught onto their value. newsletter. The piece, titled “Everydays: The First 5,000 Days,” sold for $69.4 million in an online auction, “positioning him among the top three most valuable living artists,” Christie’s said via Twitter on Thursday. Storied auction house Christie’s has wrapped its sale of “EVERYDAYS: THE FIRST 5000 DAYS” by crypto artist Beeple. “With NFT’s that has now changed. Twitter CEO Jack Dorsey put his first ever tweet - “just setting up my twttr” - up for online auction as an NFT, with bids reaching as high as $2.5 million, and he promised to donate the proceeds to charity. “The reason I did that sale was in no way shape or form for the money,” Rodriguez-Fraile said. The technology has absolutely exploded over the past few weeks — and Winkelmann, more than anyone else, has been at the forefront of its rapid rise. “CROSSROAD” was first sold in a Nifty Gateway sale in November 2020. To learn more or opt-out, read our Cookie Policy. And last month, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million. Beeple NFT Sells at Auction for $69.3M, The Biggest NFT Sale to Date Godfrey Benjamin Mar 12, 2021 08:16 2 Min Read The sale positions him “among the top three most valuable living artists,” according to the auction house. Buyers typically get limited rights to display the digital artwork they represent, but in many ways, they’re just buying bragging rights and an asset they may be able to resell later. Others have also joined the craze for NFTs. The tokens have swept the online collecting world recently, an offshoot of the boom in cryptocurrencies. (Winkelmann said he plans to buy carbon offset for all his NFTs going forward so that their impact is a net positive. Pablo Rodriguez-Fraile, the collector who bought a Beeple for $66,666 and resold it for 100 times that just four months later, started collecting digital art a year ago and co-founded the Museum of Crypto Art in part to display his growing collection. The creator of the NFT that sold for almost $70 million is "a rich man today," Christie's art specialist Noah Davis told CNBC on Thursday. It’s now the most expensive NFT ever created. Published: March 11, 2021 3:48 pm Author StockXpo; 1 At the same time, NFTs have blown up over the past month and — for the moment, at least — are being seen by many as the way digital art will be acquired and traded going forward. Everydays: the First 5,000 Days is a mosaic of every image that artist Mike Winkelmann, who goes by the name Beeple, has made since 2013. Beeple Breaks His Own Record . Artists’ works have allegedly been stolen and auctioned off as authentic. Christie's says it has auctioned off a digital collage by an artist named Beeple, whose real name is Mike Winkelmann, for nearly $70 million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists. Christie’s Beeple auction sale has helped cement this new outlet for the art community. Sign up for the A unique NFT by Beeple fetched $6.6 million on the secondary market yesterday. The plan isn’t to pull more traditional artists into the digital world (a Jeff Koons NFT isn’t next on the list, Davis joked), but to work with established digital artists to explore their “alternative art history.”. Crypto artist Beeple made history yesterday with the sale of an NFT collection of digital art for $69.3 million.The sale of EVERYDAYS: THE FIRST 5000 DAYS at Christie’s auction house is the third most expensive piece of artwork sold by a living artist—and Justin Sun, founder of cryptocurrency platform TRON, narrowly missed out on winning the bidding war. But Winkelmann expects to work with the buyer to find various ways to display the piece physically, whether that’s on a TV in their house or projected onto “the side of a fucking building” at Art Basel. And he’s famously prolific: as part of a project called “Everydays,” Winkelmann creates and publishes a new digital artwork every day. The auction’s winner doesn’t get much: a digital file, mostly, plus some vague rights to present the image. The piece sold for $69.4 million in an online auction, “positioning him among the top three most valuable living artists," Christie's said via Twitter on Thursday. (Christie's via AP), Connect with the definitive source for global and local news. Through a first-of-its-kind auction at Christie’s. “It was just so monumental and so indicative of what NFTs can do.”, Christie's is proud to offer "Everydays - The First 5000 Days" by @beeple as the first purely digital work of art ever offered by a major auction house. They’re used to prove that an item is one of a kind and are aimed at solving a problem central to digital collectibles: how to claim ownership of something that can be easily and endlessly duplicated. A work by crypto artist Beeple has been sold for $6.6 million, according to Gemini-owned Nifty Gateway. "I do really think that this is going to be seen as the next chapter of art history," Beeple said. Beeple NFT Fetches Record-Breaking $69 Million in Christie’s Sale. Beeple NFT Sells at Auction for $69.3M, The Biggest NFT Sale to Date Blockchain News 1 hour ago Published on March 12, 2021 08:16 GMT+0 edited on March 12, 2021 09:01 GMT+0 Today, he sold an digital art piece, commonly known as an NFT, at a Christie's auction for $69 million. Digital artist Beeple fell headfirst down the crypto rabbit hole last month when he sold a mutating NFT of Donald Trump for $66,666.6. The piece that was sold, Everydays: The First 5000 Days, is a collage of Winkelmann’s work starting at the beginning of the project, when he was posting somewhat crude sketches. Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100. Art & Auctions Beeple NFT Fetches Record-Breaking $69 Million in Christie’s Sale The digital collage earned a bid higher than those seen for works … Some 22 million people tuned in on the Christie’s website for the final moments of bidding, with bidders from 11 countries taking part. “Now there is a way to collect digital art.”. Lastminute bids pushed the price up to a resounding $69 million. NFTs have been making headlines lately, some selling for millions of dollars, with high-profile memes like Nyan Cat and the “deal with it” sunglasses being put up for auction.
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