The collage Everydays – The First 5000 Days, which we talked about recently, was auctioned yesterday at Christie’s for about $ 70 million.
This is the first ever sale by a major auction house of a work of art that does not exist in physical form. The collage, created by Mike Winkelmann, also known as Beeple, is a new type of digital asset – a non-fungible token (NFT). It can be authenticated with a blockchain that verifies identity and ownership.
The sale of the work for $ 69,346,250 made Winkelmann one of the three most expensive living artists. The collage consists of 5,000 images that he has been creating daily for over thirteen years.
“I really think this will be the next chapter in art history,” Beeple said.
When asked what he thought of the multi-million dollar bids for his work, the 39-year-old graphic designer who created concert visuals for famous artists said he couldn’t find the words.
Interestingly, in the case of NFT, artist fees are tied to sales: for example, Beeple will receive 10% of the amount each time an item changes hands after the initial sale.
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