Digital artist Beeple sells NFT art for $69 million in Christie’s auction

laatste update: 08-2022


CNBC’s “Squawk on the Street” team discusses how digital artist Beeple just sold more NFT art for $69 million. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

A non-fungible token by the artist Beeple sold at Christie’s for over $60 million, making it the most expensive NFT ever sold at auction.

The final sale price could shift higher as final bids are processed and auction fees are added, which could bring the total to more than $69 million. But the sale capped two weeks of frenzied online bidding and ushers in a new era in collectibles, where prices for blockchain-based digital images now rival prices paid for Picassos and Monets. While the future of NFT prices and their longer-term role in the art world remains an open question, and many see it as a speculative fad, the eight-figure price for the Beeple has caused the art world to suddenly take notice.

Shortly after the auction result, Mike Winkelmann, known as Beeple, tweeted: “Holy #$@”

The record-breaking work, called “The First 5,000 days” was the first ever to sell at a major auction house.

In 2007, Winkelmann set out to post a new work of digital art every day for the rest of his life and hasn’t missed a single day. The first 5,000 of those works, which he calls “Everydays,” were compiled to form “The First 5,000 days.”

The Christie’s sale anoints Beeple as one of the top three living artists in the world by price, after Jeff Koons and David Hockney.

“At this point, especially after today’s Christie’s sale, it’s not a question of whether NFTs will have an impact on the so-called traditional art market, but to what degree its impact will be felt,” said Andrew Goldstein, editor-in-chief of Artnet News. He added that the price is a sign that a new group of technology-enabled collectors can “destabilize the establishment in attention-grabbing ways.”

While the number of bidders for the Beeple was small — 33 in total. They represented a new generation. Christie’s said 91% of the bidders had never been clients of Christie’s before. Nearly two-thirds were millennials or younger, and most were from the U.S.

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30 gedachten over “Digital artist Beeple sells NFT art for $69 million in Christie’s auction”

  1. This is what we in the industry call "money laundering". Cartels use this method to wash money easily. It's most common in the world of "fine art". Unfortunately it has ruined the world of art in general as art is basically dead now. Remember that banana duct taped to a wall? That's another example. The world of fine art is a joke.

  2. i can not believe that this is real. Could it be hype for free advertising, therefore raising interest and getting some idiots to actually spend money that way?

  3. This sounds similar to the psyop the CIA pulled when they funded abstract expressionist artists during the Cold War … Get used to not owning anything tangible I suppose would be the message here. Like the World Economic Forum's slogan for our dystopian future … "You'll own nothing, and you'll be happy"

  4. I dont get it.. who in their right mind would pay 69m for a digital piece of art from an artist that really dosnt have that much history in selling. How do people justify this market and valuation ?

  5. I used to online visit a South Korean illustrator named 'Knell' at a home PC when I attended middle school in Seoul, and I also drew few CG illustrations and then a truck ran over my Birkenstocks on a pedestrian green light on one non-winter day during middle school years in Seoul. So if I visit this illustrator named Mike with a phone, do Americans expect me to use my phone as a microphone which is not currently in my phone calendar?

  6. If you buy an NFT, aren't you just buying a copy of an original artwork store on a blockchain? Said an artist draw a piece of artwork on a paper/canvas, they will have to upload that artwork onto a computer and from the computer upload it to the website to be mint into a token. So the paper/canvas is the original, the one on the computer is a copy and the one on the token is a second copy. Even if the artist draw the artwork digitally on the computer, they'll still need to upload onto the website to be mint into a token. So the one on the computer is the original and the one on the token is a copy. So anyone buying an NFT is buying a copy of an original artwork.

  7. Just letting everyone know. I just took a dump and snapped a photo of it. It's online right now starting at $5000.

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