Christie’s auctions ‘first digital-only artwork’ for $70m
Digital collage by Beeple was offered with a non-fungible token to guarantee authenticity and paid for in cryptocurrency
Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70m, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists.
Beeple, whose real name is Mike Winkelmann, responded to the sale result with an expletive on Twitter.
“Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20+ years but there was never a real way to truly own and collect it,” Beeple said in a statement released by Christie’s. “With NFT’s that has now changed. I believe we are witnessing the beginning of the next chapter in art history, digital art.”
WHAT IS AN NFT YOU ASK? READ THE STORY TO FIND OUT…