' But with the sale of "Everyday," his work may be some of the most valuable in the art world today that is, until another NFT tops this price. In order to continue, you'll need to login or register an account. break; Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. At, artist Kevin McCoy (with collaborator Anil Dash) pioneered NFTs as a tool empowering artists to bypass dealers and directly monetize the distribution of their own digital artworks. } function addCss(fileName) { 'This Was a $69 Million Marketing Stunt': Why Crypto Purists Say Beeple } The NFT artist completes this step by authorizing their chosen platform to execute the blockchain-based smart contract governing the tokens terms and conditions. Everydays - The First 5000 Days. Source: Christie's. In essence, this is a combination of 5,000 images put together on a large digital canvas. Had the sale taken place on-chain, the smart contract would have automatically conveyed ownership of the token to Metakovan moments after the full amount had been sent to Beeple. View Proof of Authenticity. Instead of playing out on MakersPlace, where all activity would be verified and archived on the blockchain to satisfy even the most discriminating crypto advocates, Christies announced that the bidding for. Does this mean they will replace paintings and sculptures at auction? Beeple breaks record: First NFT artwork at auction sells for - CNN var cookieNames = ['recentlyShown', 'signedUp', 'closedSignupBar','signup_cookie']; expiration_days: 5 } + '' It depends on whom you ask. So, best to put money aside and consider Everydays: The First 5000 Days as a work of visual art and not as a tradeable commodity/financial investment. The evolution didn't stop here. ouibounceAPIaccess = ouibounce( Jpeg file by digital artist Beeple sells for over $69 million at NFT var head = document.head Beeple NFT Everydays Sells at Christies Auction for $69 Million in Paintings and other artpieces are regularly sold at auctions around the world. Beeple's NFT a collage of images titled " Everydays: The First 5,000 Days" sold for $69,346,250, according to Christie's. Mike Winkelmann is Beeple's real name. $modal.find('.newsletter-signup-thank-you').fadeIn('fast'); expiration_days: 14 })(); artnet and our partners use cookies to provide features on our sites and applications to improve your online experience, including for analysis of site usage, traffic measurement, and for advertising and content management. customSerializer: function(){ The price was five times the previous record for a CryptoPunk, set last month. .addClass( 'slideIn' + upOrDown ); A digital collage titled "Everydays: The First 5,000 Days" by artist Beeple. What are NFTs, anyway? One just sold for $69 million Buyers typically get limited rights to display the digital artwork they represent, but in many ways, theyre just buying bragging rights and an asset they may be able to resell later. var ouibounceScript = '