• beeple everyday $70M Christie's
    Cryptocurrencies,  Technology

    Beeple’s NFT collage EVERYDAYS sells for nearly $70M at Christie’s

    Digital artist Mike Winkelmann’s art is now more valuable than the likes of Eugene Delacroix, Marcel Duchamp and Francisco Goya

    Just having a non-fungible token work on sale at one of the world’s oldest and most prestigious auction houses was a major coup for the crypto-based artform. The work, “EVERYDAYS: THE FIRST 5000 DAYS” was described by Christie’s as Beeple’s “monumental digital collage,” of images of an artwork he posted every day since May 1, 2017.

  • Crypto art Block 21
    Technology

    Crypto art paying tribute to Bitcoin’s inventor sells for $130,000 at auction

    The selling price of the Satoshi Nakamoto-themed artwork was seven times the “high” estimate set by Christie’s, one of the world’s best-known auction houses

    In “Block 21,” 322,048 digits from Satoshi Nakamoto’s original code for Bitcoin are painstakingly engraved and individually painted. It’s part of a wider collection of 40 circular panels called “Portraits Of A Mind” that feature a full transcription of all 12.3 million digits. Bidding at the Christie’s auction house had originally started at $22,000—far beyond the initial estimate of $12,000 to $18,000—but the artwork ended up selling for a whopping $131,250.

  • Christie 's
    Innovators

    Art on the block: Christie’s big bet on blockchain

    Financial innovation unlocks gig economy for artists

    Last month in New York City, legendary auction house, Christie’s, set a world record by fetching $323.1 million for the Ebswoth Collection of works by American Modernists masters Edward Hopper, Willem de Kooning, Jackson Pollack, Georgia O’Keeffe, Alexander Calder, Joseph Stella, Charles Demuth, Charles Sheeler, and others. Not only did the auction shatter records for the highest prices ever secured for a collection as well as for 13 individual artists, but it also was the first art sale of this magnitude recorded on the blockchain. Partnering with Artory, a blockchain-based registry that tracks provenance for art and collectibles, Christie’s is leading the way in bringing mass adoption of the blockchain…