Google search engine
30 C
Guwahati
Monday, August 2, 2021
Google search engine
HomeUncategorizedThis artwork sold for a whopping $70 million at Christie’s

This artwork sold for a whopping $70 million at Christie’s

Washington D.C.: For the first time ever, an artwork that does not exist in physical form was sold for nearly $70 million at Christie’s on Thursday.  “Everydays – The First 5000 Days” is a digital work by American artist Mike Winkelmann, known as Beeple. It is a collage of 5,000 individual images, which were made one-per-day over more than thirteen years.

Also read: Indian Football team captain Sunil Chhetri tested positive for Coronavirus

The sale of the work for $69,346,250 put Beeple in the top three most valuable living artists, Christie’s said in a Tweet.

Also read: “Government has failed to address our issues”: ATTSA calls for a shutdown of tea gardens in Assam on March 22

The work is in the form of a new type of digital asset – a Non-Fungible Token (NFT) – meaning it is authenticated by blockchain, which certifies its originality and ownership.

Also read: Mahatma Gandhi’s statue vandalized, authorities suspect monkeys’ role

Asked what he thought of the multi-million dollar bids on his work, the 39-year-old graphic designer, who has created concert visuals for the likes of Justin Bieber, One Direction and Katy Perry, said he was lost for words.

“I don`t know… maybe you can put an emoji into the story” he said. “It`s so crazy.”

For NFTs, the artist`s royalties are locked in to the contract: Beeple receives 10% each time the NFT changes hands after the initial sale.

*News Source – Reuters

RELATED ARTICLES

Today's Weather

Guwahati
mist
30 ° C
30 °
30 °
79 %
0kmh
40 %
Mon
30 °
Tue
30 °
Wed
32 °
Thu
32 °
Fri
34 °

Watch latest Movies & TV Series on Prag Play

Most Popular