On March 11, we witnessed a fundamental shift in how digital creations are monetized.
The auction house Christie’s held its first-ever sale of digital art: a collage of five thousand images created over thirteen-and-a-half years by Mike Winkelmann, better known as Beeple. The artwork is attached to a nonfungible token (NFT), a digital certificate of authenticity that runs on blockchain technology.
“Christie’s has never offered a new media artwork of this scale or importance before,” said Christie’s contemporary specialist Noah Davis on the occasion.
Within the first hour of Everydays: The First 5000 Days going live on February 25, online bids jumped to $1 million. In the final thirty minutes of bidding on auction day, the price skyrocketed to $69 million.
That’s higher than works by Vincent Van Gogh, Picasso, Frida Kahlo or Salvador Dalí. The sale positions Beeple as the third most valuable living artist after Jeff Koons and David Hockney.
You can track some of the most expensive pieces sold across