In a first in the history of auctions, a digital artwork sold for more than US $69 million (approximately RM284 million) at Christie’s. According to news agency Reuters, the artwork titled Everydays – The First 5000 Days by American artist Mike Winkelmann, also known as Beeple, is a collage of 5,000 individual images made one-per-day over more than thirteen years.
In a tweet on March 11, Christie’s said that the artwork was sold for US $69,346,250 (approximately RM285,637,203)placing Beeple among the “the top three most valuable living artists”.
.@beeple ‘s ‘The First 5000 Days’, the 1st purely digital NFT based artwork offered by a major auction house has sold for $69,346,250, positioning him among the top three most valuable living artists. Major Thanks to @beeple + @makersplaceco. More details to be released shortly
— Christie’s (@ChristiesInc) March 11, 2021
Christie’s also said that it is the first purely digital Non-Fungible Token (NFT) based artwork offered by a major auction house. The auction had been announced in February this year.
NFT is a type of digital asset authenticated and secured by blockchain. The artwork had a starting bid of US $100, but it was pushed up by more than 350 prospective buyers.
The two other living artists whose work have fetched more than Beeple’s are David Hockney and Jeff Koons. While Hockney’s painting Portrait of an Artist (Pool with Two Figures)” fetched US $90.3 million (approximately RM37.4 million) in 2018, a stainless steel sculpture by Koons titled Rabbit was sold for Us $91.1 million (approximately RM375.2 million) in 2019.