Digital Collage Fetches $69.3M at Auction; Payment Made Using Cryptocurrency

Digital Collage Fetches $69.3M at Auction; Payment Made Using Cryptocurrency

Published: March 16, 2021 | By: American Luxury Staff

A work by artist Beeple—born Mike Winkelmann—that began as a career development project in 2007 and became a massive and complex piece called ‘Everydays’ sold at Christie’s for $69.3 million this month.

Taken as a whole, the collage is a massive expression of the personal, pop cultural, and trends and famous figures from the late 2000s and 2010s.

Beeple’s ‘Everydays’ is a non-fungible token, or NFT, work of art. An NFT is a virtual piece that has been given a singular origin by way of blockchain technology. The process gives the digital work a provenance like any other work of art. It has a history: an inception, and an authenticity that cannot be disputed.

The sale was completed with ether cryptocurrency, a propos for a cryptic representation of, among other things, an era defined by endless virtual interpretations.

1694 March 16, 2021 Art March 16, 2021