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NFT auction at Christie's: $ 69 million for Beeples crypto art

2021-03-11T15:43:24.685Z

The digital artist Mike "Beeple" Winkelmann worked on a digital collage for more than 13 years. Now it has been auctioned as a so-called NFT - at a record price for the scene.



Icon: enlarge

Now officially worth 69 million dollars: the artwork "Everydays - The First 5000 Days" by the artist Beeples

Photo: CHRISTIE'S AUCTION HOUSE / AFP

The well-known auction house Christie's has auctioned so-called crypto art for the first time.

An online competition for the digital work "EVERYDAYS: THE FIRST 5000 DAYS" by the artist Beeple ended on Thursday afternoon with a maximum bid of 69,346,250 dollars.

With Beeple's work, an NFT, a non-fungible token, was auctioned for the first time in a renowned auction house.

For the first time in the history of Christie's, it was also possible to pay for something purchased with the crypto currency Ether in the course of this auction.

Beeple's artwork only exists digitally, there is no direct physical equivalent.

And anyone can watch it for free on Christie's website, including the “Super Zoom”.

It is similar with other works offered in the world of NFTs: In theory, they can be downloaded with a simple click of the mouse.

Entries in the forgery-proof Ethereum blockchain, however, tell who the "original copy" belongs to.

Read more about what NFTs are and how they are created here.

Beeple is an internet celebrity

»EVERYDAYS« is a collage of 5000 pieces.

The artist Mike Winkelmann started the work, offered under his stage name Beeple, in May 2007.

Since then, he has posted a new digital image every day for more than 13 years.

Beeple is an Internet celebrity: around two million accounts follow him on Instagram, where he shares his works.

In »EVERYDAYS« Beeple now brings the 5000 individual parts together in one plant.

It is not the first time for the artist that his digital art has been traded for millions: In December, his collection "The Complete MF Collection" of 20 works was sold for 3.5 million dollars.

Part of a hype

In general, the business with NFTs is currently increasing massively.

Twitter boss Jack Dorsey, for example, is currently offering a digital copy of his first tweet online, with the highest bid currently being $ 2.5 million.

And the artist and singer Grimes got $ 5.8 million in 20 minutes for pictures and videos of babies in cyber optics in early March.

Both Dorsey's tweet copy and Grimes' videos and pictures were auctioned on specialized online marketplaces, unlike "EVERYDAYS" in a well-known auction house like Christie's.

The auction of Beeple's work at Christie's began on February 25th.

In an hour, the starting bid of $ 100 had turned into a million dollars.

Icon: The mirror

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Source: spiegel

All tech articles on 2021-03-11

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