Beeple NFT is sold for a record $ 6.6 million as a bid for ‘Everydays’ in Christie’s $ 2.2 million hits

Beeple NFT is sold for a record $ 6.6 million as a bid for ‘Everydays’ in Christie’s $ 2.2 million hits

by

Buzzy digital artist Mike Winkelmann, also known as Beeple, made history on the NFT yesterday with his play, “Crossroads”, raising $ 6.6 million in the secondary market via Nifty Gateway.

Like many Beeple works of art, Crossroads was inspired by the 2020 presidential election in the United States. It was designed to feature one of two animations, depending on the outcome of the election – one a triumphant Trump, the other a forgotten, discouraged one.

Originally purchased by a user named Pablo for $ 66,666.60 on November 1, the new owner, who chose to remain anonymous, paid almost 100 times more, breaking the price record for a single NFT sale. Previously, the record was held by CryptoPunk 6965, which was sold last week for 800 ETH, with a sale value of $ 1.55 million.

Beeple’s work has already captivated art collectors worldwide with $ 3.5 million in sales generated in a single weekend in December at the Nifty Gateway, with some of the artwork being resold on the same day for inflated prices of more than 1000 times the original price.

Not everyone agrees with the high value attached to these pieces of digital art with Crypto YouTuber Lark Davis stating Beeple’s $ 6.6 million NFT sale was a meaningless purchase:

“This Trump-themed #nft sold for $ 6.6 million, the NFT craze is heating up a lot. People showing that they have more money than common sense. “

The renowned artist is in the process of breaking another record with the first NFT being sold at a traditional auction house. Christie’s has been listing the item in partnership with the NFT MarkersPlace market for more than two weeks, ending on March 11th.

The auction for the piece entitled “Everydays: The First 5000 Days”, which started on February 25 for $ 100, has its estimated value listed as unknown. The listing has already received 120 offers with the latest offer of $ 2.2 million.

Composed of 5,000 unique images that he has produced each day for almost 14 years, there are themes about society’s obsession and fear for technology, the desire and resentment for America’s wealth and turbulent political scene.

“We are at this moment when there can be a drastic change – a demographic change, a generation change – when it comes to what excites the youngest collectors,” Christie specialist in post-war and contemporary art responsible for selling Beeple Noah Davis said Art Market Monitor. “Christie’s, as an organization, is really excited about the moment when you will see $ 3.5 million in sales just appearing out of nowhere. This is something we want to capitalize on. “

Digital artists are not the only ones to be recognized for this new era of technology with Trevor Jones seeing increasing attention for his paintings turned into augmented reality. On February 25, Jones’ open edition artwork titled “The Bitcoin Angel” was sold 4,157 7-minute editions at a price of $ 777 each, earning the artist more than $ 3.2 million.