At Christie’s, Davis plans to work with more digital artists to auction NFTs. And he’s famously prolific: as part of a project called “Everydays,” Winkelmann creates and publishes a new digital artwork every day. Christie’s is also a legitimizing force for both Winkelmann’s art and NFTs as a technology. A work by crypto artist Beeple has been sold for $6.6 million, according to Gemini-owned Nifty Gateway. @beeple 's 'The First 5000 Days', the 1st purely digital NFT based artwork offered by a major auction house has sold for $69,346,250, positioning him … ), CROSSROADBy @beeple The #1/1 from beeple's first NG drop has just resold on the secondary market for $6.6 million. By choosing I Accept, you consent to our use of cookies and other tracking technologies. Others have also joined the craze for NFTs. Christie’s Beeple auction sale has helped cement this new outlet for the art community. 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. And last month, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million. And the Associated Press is offering NFT digital artwork - a depiction of the U.S. presidential election’s electoral college map as viewed from space. … Now, the Charleston, North Carolinian artist wants to tie crypto art back to reality. “With NFT’s that has now changed. 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. 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. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. Cropped detail of Beeple (b. Beeple NFT Sells at Auction for $69.3M, The Biggest NFT Sale to Date Godfrey Benjamin Mar 12, 2021 08:16 2 Min Read 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. He sees Winkelmann’s rising sale prices as a way of proving to the public that the technology matters. Storied auction house Christie’s has wrapped its sale of “EVERYDAYS: THE FIRST 5000 DAYS” by crypto artist Beeple. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. 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. There’s already been pushback against the rise of NFTs. Bidding will be open from Feb 25-Mar 11.Learn more here https://t.co/srx95HCE0o | NFT issued in partnership w/ @makersplaceco pic.twitter.com/zymq2DSjy7. Beeple NFT Fetches Record-Breaking $69 Million in Christie’s Sale. A one-of-a-kind Beeple piece has sold for $6.6 million. Christie's auction house just sold Beeple's'The First 5000 Days' NFT based digital artwork for $69 million. With a growing crop of smaller marketplaces and countless number of NFTs being created daily, he sees Christie’s role as helping to promote the space in an “extremely thoughtful” way. Digital art by Beeple sells for $69.4 million amid NFT boom. Non-fungible tokens, known as NFTs, are electronic identifiers confirming a digital collectible is real by recording the details on a digital ledger known as a blockchain. History has just been made.Congrats to beeple and of course to @pablorfraile for the sale. Today 11:39AM. Christie’s said it also marks the first time a major auction house has offered a digital-only artwork with a non-fungible token as a guarantee of its authenticity, as well as the first time cryptocurrency has been used to pay for an artwork at auction. . Plenty of works of questionable artistic value are being sold at hype-driven auctions. The 255-year-old auction house has sold some of the most famous paintings in history, from the only known portrait of Shakespeare created during his lifetime to the last-discovered painting by Leonardo da Vinci. To learn more or opt-out, read our Cookie Policy. pic.twitter.com/mTYG4VABSw. Indeed, everyone is buzzing about NFTs. Rock band Kings of Leon is offering a version of their latest album with the tokens that come with extras. Eileen Kinsella , March 11, 2021 Beeple, Everydays – The First 5000 Days NFT, 21,069 pixels x 21,069 pixels (316,939,910 bytes). 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. “I do view this as the next chapter of art history,” Winkelmann said. Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100. A unique NFT by Beeple fetched $6.6 million on the secondary market yesterday. 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. “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. “It’s the catalyst for a generation.”. 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. Through a first-of-its-kind auction at Christie’s. The tokens have swept the online collecting world recently, an offshoot of the boom in cryptocurrencies. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. “The reason I did that sale was in no way shape or form for the money,” Rodriguez-Fraile said. One NFT investor was able to flip a Beeple piece for nearly 1,000 times its original purchase price in under six months. In October, Winkelmann sold his first series of NFTs, with a pair going for $66,666.66 each. It’s now the most expensive NFT ever created. An NFT collection of artwork by Beeple has sold at auction for a record-breaking sum. The National Basketball Association is teaming up in a venture to sell virtual sports cards backed by the tokens. Today, he sold an digital art piece, commonly known as an NFT, at a Christie's auction for $69 million. Christie’s said the artwork fetched the highest price in an online-only auction and the highest price for any winning bid placed online. “I’m confident it’s not a hype thing,” he said. A few factors explain why Beeple’s work has become so valuable. NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file. Like all of Beeple’s pieces, CROSSROADS is a NFT—non-fungible token—work that is authenticated by blockchain technology. Artist Mike Winkelmann, also known as Beeple, has sold an NFT artwork for more than $69 million. Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70 million . It’s the first purely digital artwork to go on sale at auction house Christie’s. NFTs, or non-fungible tokens, are unique files that live on a blockchain and are able to verify ownership of a work of digital art. It runs through years of evolving digital shapes and sceneries up through the beginning of this year, when he was posting extremely crude political illustrations. Digital artist Beeple has made history with the first-ever fully digital artwork to be sold by a major auction house. 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 1. I believe we are witnessing the beginning of the next chapter in art history, digital art.”. Combine that with Winkelmann already being at the forefront of NFT sales, and today’s auction was destined to set records. Rodriguez-Fraile believes that the next wave of artists and collectors will come to see NFTs as simply the way art is bought and sold. The sale positions him “among the top three most valuable living artists,” according to the auction house. 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. Subscribe to get the best Verge-approved tech deals of the week. 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. And many artists are concerned about the climate impact of art sales that rely on blockchain technology, which is notoriously inefficient by design. Christie’s did not identify the buyer of the artwork, which consists of 5,000 individual digital pictures stitched together that Beeple created - one each day - since May 2007. 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. 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. If you (understandably) still have questions, you can read through our NFT FAQ. Sign up for the The auction’s winner doesn’t get much: a digital file, mostly, plus some vague rights to present the image. Beeple, whose real name is Mike Winkelmann, responded to the sale result with an expletive on Twitter. LONDON (AP) — Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70 million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists. Today, an NFT of his work sold for $69 million at Christie’s. Those who are early to the space think the tech is here to stay. “CROSSROAD” was first sold in a Nifty Gateway sale in November 2020. "I do really think that this is going to be seen as the next chapter of art history," Beeple said. 1981), EVERYDAYS: THE … Today, Beeple, real-name Mike Winkelmann, announced to his 1.7 million Instagram followers that he will auction a collection of NFT artwork, starting Friday at 7pm EST. Lastminute bids pushed the price up to a resounding $69 million. The event marks the auction house's first-ever NFT sale. Beeple, whose real name is Mike Winkelmann, responded to the sale result with an expletive on Twitter. 22. The artwork is attached to a non-fungible token (NFT… The winning bid just after 10:00 a.m. Just last week, Mark Cuban tweeted about his most recent NFT digital art bid: That's the largest sale of an NFT to date. 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. The First 5,000 Days” has vaulted from a starting minimum bid of $100 on February 25 in the online sale … Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100. A blockchain company bought a piece of work by British artist Banksy, burned it and then put a digital version on sale through a non-fungible token. “Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20+ years but there was never a real way to truly own and collect it,” Beeple said in a statement released by Christie’s. The record-smashing NFT sale comes after months of increasingly valuable auctions. 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. newsletter. “We have more responsibility than we’ve ever had in any collecting category as arbiters of the items that we’re selling,” Davis said. “Now there is a way to collect digital art.”. @beeple 's 'The First 5000 Days', the 1st purely digital NFT based artwork offered by a major auction house has sold for $69,346,250, positioning him among the top three most valuable living artists. (Christie's via AP), Connect with the definitive source for global and local news. Beeple's $69 Million NFT Sale Is a Good Time to Rethink Some Things. In response to the sale, Beeple tweeted, “holy fuck.” What, exactly, is an NFT — and what did the new owner of Beeple’s JPEG actually buy? Beeple receives 10 per cent each time the NFT changes hands after the initial sale. “He showed us this collage, and that was my eureka moment when I knew this was going to be extremely important,” Noah Davis, a specialist in post-war and contemporary art at Christie’s, told The Verge. For all of AP’s tech coverage, visit https://apnews.com/apf-technology, Follow Kelvin Chan at www.twitter.com/chanman, This undated photo released by Christie's on Thursday, March 11, 2021 shows a digital collage titled “Everydays: The First 5,000 Days," by an artist named Beeple. For one, he’s developed a large fan base, with around 2.5 million followers across social channels. “I really thought it was the right catalyst to signal the validation of what’s happening in the industry.”. 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 … Another Beeple piece, “Crossroad” — a 10-second video NFT showing animated pedestrians walking past a giant, naked likeness of Donald J. 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.”. Celebrities are engaging in it, successful entrepreneurs are investing in it, and everyone else’s attention has been captured. “Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20+ years but there was never a real way to truly own and collect it,” Beeple said in a statement released by Christie’s. 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. That the Christie auction for Beeple'sEverydays: The First 5000 Days, backed by a NFT was going to be a blockbuster isn't a surprise, but more than $69M Some 22 million people tuned in on the Christie’s website for the final moments of bidding, with bidders from 11 countries taking part. In December, he sold a series of works for $3.5 million total. A digital collage by artist Beeple has been sold by the famous auction house Christie's for a staggering $69 million. Published: March 11, 2021 3:48 pm Author StockXpo; 1 (Winkelmann said he plans to buy carbon offset for all his NFTs going forward so that their impact is a net positive. The non-fungible token (NFT) artwork site tweeted out news of the record-breaking sale of the 10-second animated piece, which depicts people walking in front of a giant, nude Donald Trump face down and covered in obscene graffiti. Beeple Breaks His Own Record . 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. Marina Galperina. The project is now in its 14th year. 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. Artists’ works have allegedly been stolen and auctioned off as authentic. "Everydays -- The First 5000 Days" will be the first purely digital Non-Fungible Token (NFT) artwork to go on sale in this way. The first virtual Non-Fungible Token (NFT) artwork to be sold at a major auction house closed at $69,346,250 during an online auction by Christie's on Thursday.
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