Edition: 1 of 1. A digital collage called "Everydays The First Five Thousand Days" by the artist Beeple sold for almost $70 million by Christie's in an online auction Thursday. $form.find('.signup-failed').show().siblings().hide(); Which dilutions (if any) are tolerable for the sake of attracting a larger audience to a potentially transformative cause? DAY 5000 #everydays pic.twitter.com/VBW1HX0Dno. The art market's fascination with non-fungible tokens, or NFTs, has reached a fever pitch over the past two weeks. function getCookie(cname, prefix) { After bidding that lasted two weeks, "Everydays: The First 5000 Days," as the digital product is called, sold for $69.3 million (with fees) on March 11, making it the third-highest price. The painting epitomizes the primary colors and geometric rigidity of the de Stijl movement that Mondrian helped define. In order to continue, you'll need to login or register an account. Anyone can read what you share. recentlyShown: { Everydays: The First 5000 Days - Will Gompertz reviews - BBC News Beeples Beeple Everydays: The 2020 Collection. Courtesy of Metapurse. prefix = 'artnet_newsletter_'; In December 2020, Beeple made digital art history raising over $3.5M in a single online exhibition featuring his iconic Everydays which included the sale of a single edition work for $777,777.77. The piece that was sold, Everydays: The First 5000 Days, is a collage of Winkelmanns work starting at the beginning of the project, when he was posting somewhat crude sketches. The elements that make it an NFT are the uniquely encrypted entity, incapable of duplication, that a digital asset becomes once minted, as well as its distinctive placement on the blockchain assigned thereafter. The artist sold his first two NFT-backed artworks in October . After a flurry of more than 180 bids in the final hour, a JPG file made by Mike Winkelmann, the digital artist known as Beeple, was sold on Thursday by Christies in an online auction for $69.3 million with fees. the piece, which is a discrete file hosted off-chain on another server. if (prefix == undefined) { //if there are cookies indicating that we shouldn't show the signup bar, then the modal won't have been added to the page What I Found Isn't So Pretty", "How in the World Did a "Digital Artwork" Sell for $69 Million at Christie's? Being pegged to the price of cryptocurrencies, whose ups and downs resemble the route of a fearsome mountain cycling race, the market for NFT art has a reputation for volatility. Blockchains record cryptocurrency transactions; the records can be shared but not duplicated. Christie's auctions 'first digital-only artwork' for $70m On the other hand, the amount of money involved could skew and damage a nascent emerging market.. A detail from Everydays The First 5000 Days by Beeple. This is every motherfucking one of those pictures. Christie's leap into the world of rare digital art has strengthened the bridge between the traditional and futurized worlds of art, introducing a new audience of enthusiasts into the unimaginable possibilities of this new market, and vice versa. + '