Beeple JPG Sells for $69 Million
“Everydays — The First 5000 Days,” by the artist known as Beeple, set a record NFT sale for $69 Million!
The piece sold for $69.3 million with fees, the price sets a new all-time high for a piece of digital artwork. The auction started at a mear $100 opening bid.
Just like a half-court shot at the buzzer, within the last moments of the auction a bidding frenzy ensued, the auction extended for an additional 2 minutes with the final price going from $30 Million to $69+ Million.
Thanks to this wild auction Mike Winkelmann’s (Beeple) also earned another accolade, he achieved the third-highest auction price for a living artist.
The auction house describes this piece as “a unique work in the history of digital art,” “Everydays — The First 5000 Days” is a collage of all the images that Beeple has posted online each day since 2007. The artist, who has collaborated with Louis Vuitton and pop stars like Justin Bieber and Katy Perry, uses software like Cinema 4D to create his stunning pieces that tell a story of Pop-culture in today’s society.
The artwork was minted as an NFT (Non-Fungible Token) which gives the purchaser a very unique certificate of ownership of the piece. The NFT can be traced back directly to the creator ensuring the purchaser the artwork is an original and acts as its certificate of authenticity. “Everydays” was the first NFT sold by Christie’s, and it offered to accept the payment in $ETH (Ethereum), another first for the 255-year-old auction house.
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