Beeple

Beeple NFT Auctioned for Over $69 Million, Ranked World’s 3rd Most Valuable Piece

Digital art superstar, Beeple, has made it to the world’s art history book. His art piece, “Everydays: The First 5,000 Days,” was sold for $69.34 million in the world-famous Christie’s Auction House, making it the world’s most valuable piece in NFT’s history.

The auction is an historic moment for NFT as it is the first-ever digital artwork hosted by Christie’s. Makers Place, the world-renowned digital art specialists, helped arrange this sale.

Bidding on Beeple’s artwork ended this morning following a two-week auction. Ahead of its sale, this piece was minted on Ethereum as an NFT. Its payment was also made in ETH.

Even before the auction went live, it drew significant attention. The NFT community described it as a landmark, owing to Christie’s reputation in the art world.

Founded in 1766, Christie’s boasts having sold pieces by legendary names in art history, including Banksy, Pablo Picasso, and Leonardo da Vinci.

Bidding opened on Beeple’s NFT on February 25 at $100 and hitting $1 million in just ten minutes. The price climbed further to $13.25 million a few hours to the close of the auction.

The last 10 minutes of the auction saw a bidding frenzy, with the price further rising from $14.75 million to $60.25 million, the final bid. The total price realized was $69,346,250, having received a total of 353 bids.

With $69.34 million as the final sale price, “Everydays: The First 5,000 Days” becomes the third most expensive artwork ever auctioned by a living artist and the sixth most valuable art piece by a living artist.

Total
0
Shares
Views and opinions expressed are solely those of the author and not of The DeChained or any affiliated party. Views or opinions expressed in this article (or any article on the website) are not financial advice. Articles are for informational purposes only. The author and The DeChained may hold positions in assets discussed in this or other articles.
Related Posts