The world of NFT’s continues to shatter expectations after a piece of digital art sold for $69mln at auction.
American digital artist Mike Winkelmann, better known by his nickname Beeple, created a digital collage “EVERYDAYS: THE FIRST 5000 DAYS” which sold at renowned auction house Christie’s for a total of $69,346,250.
The digital art piece saw a dramatic increase in the value of bids on the art piece in the last two minutes of the auction, going up from a $20mln bid to the final bid for around $60mln. The extra $9mln was the buyer’s premium that Christie’s charges.
Beeple has been releasing a piece of digital art every single day for the past 13 and a half years and the “EVERYDAYS: THE FIRST 5000 DAYS” is a collage of the first 5000 of these pieces he’s released.
As the video from Christie’s shows, Beeple was blown away by the value which his piece of art sold for as he gathered with his family at his home to watch the final few minutes of the online auction:
Beeple’s Tweet after the fact pretty much summed up what the entire cryptocurrency and blockchain community was thinking after news broke of the final value of the auction.
The digital art piece is the first that Christie’s has ever auctioned and the amount it sold for has set the bar pretty high for the NFT space.