Christie’s closely watched sale of digital artist Beeple’s The First 5,000 Days has resulted in an unprecedented $69.3 million sale.
Following Christie’s announcement of their plans to auction off their first NFT (non-fungible token) by Beeple (aka Mike Winkelmann) in an online sale two weeks ago, attention around the crypto art market surged to staggering heights virtually overnight.
The sale has drawn widespread attention among audiences both in and beyond the art world for its novelty. Over the course of the 10-day online sale, 33 bidders competed for Beeple’s digital work comprising 5,000 images that the artist, a graphic designer based in North Carolina, made over 13 years. The auction drew an unforeseeable level of bidding that moved the hammer price up to the millions, despite bidding beginning at $100 with no estimate assigned to the work. Bloomberg reported the buyer is Justin Sun, founder of cryptocurrency platform Tron.
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