The digital auction is called Everydays: The First 5,000 Days by Mike Winkelmann, otherwise known as Beeple.
Now, Christie’s — hailed as the world’s finest auction house — has announced that they will hold the first-ever auction of a completely digital blockchain artwork.
Launching on Feb. 25 and running until March 11, the auction will feature Beeple’s depiction of society’s ever-changing obsession and fear of technology. Over the past 13 years, the digital artist has published a new piece of art every day.
Fittingly, the artist’s commentary on the fear of technology will embrace crypto, which is shaking up the art world. Each piece of work will carry a unique digital token encrypted with the artist’s signature which can be identified on the blockchain. This process verifies the authenticity of the art and its rightful owner.
The NFTs for the work were created by MakersPlace, a marketplace for digital creators, with starting prices of $100. The winning bidder gets a digital file encrypted with the signature of the artist. Noah Davis, Christie’s post-war and contemporary specialist, said:
“Not unlike the advent of Street Art as a blue chip-collecting category, NFT-based art is on the threshold of becoming the next ingeniously disruptive force in the art market.”
This wouldn’t be Christie’s first foray into the digital art space, having auctioned artwork created by artificial intelligence that was trained by Obvious, a Paris-based collective.