In recent times, Non-fungible tokens (NFT) have seen an increased level of growth and adoption by the public. This is evidenced in a recent report where we stated that this asset class saw the total value of its transactions shoot past $250 million.
While we are still grappling with that, a 250-year-old auction house in the United Kingdom, Christie announced that it would be auctioning a digital artwork created by Mike “Beeple” Winkelmann using NFTs. According to the auction house, it has partnered with digital marketplace MakersPlace to make the event, slated for February 25 to March 11, a remarkable success.
Christie's is proud to offer "Everydays – The First 5000 Days" by @beeple as the first purely digital work of art ever offered by a major auction house. Bidding will be open from Feb 25-Mar 11.
— Christie's (@ChristiesInc) February 16, 2021
This event is a groundbreaking one as it is the first ever of its kind involving the use of NFTs by one of the leading auction houses in the world. Beeple would be auctioning a digital artwork named “EVERYDAYS: THE FIRST 5000 DAYS” which is a collage of thousands of digital arts posted on the internet by the artist since 2007. The artwork is being hailed by many as “one of the most unique bodies of work to emerge in the history of digital art.”
Remarkably, this would not be the first time that the artist would be selling his digital NFT artwork. In fact, he has had considerable success in selling some of his works, and his current earning stands around $8 million.
Christie Would Accept ETH From Bidders
The auction house has declared that it would accept Ether tokens (ETH) from bidders during the sale of the digital artwork that is poised to begin sometime later this month.
It also went on to state that bidding for this work would begin at $100 and that the crypto asset would only be accepted specifically for this auction.