Friday, March 12, 2021

Christie’s auctions 'first digital-only artwork' for $70m


Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70m, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists. The piece, titled Everydays: The First 5,000 Days, sold for $69.4m in an online auction, “positioning him among the top three most valuable living artists”, Christie’s said via Twitter on Thursday. 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.

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