The First Art Newspaper on the Net    Established in 1996 Friday, September 17, 2021


The First 5000 Days, sold for $69,346,250 to Metakovan, founder of Metapurse
Beeple, Everydays – The First 5000 Days, NFT, 21,069 pixels x 21,069 pixels (316,939,910 bytes).



SINGAPORE.- Metakovan, the pseudonymous founder and financer of Metapurse, the largest NFT (unique digital assets) fund in the world, successfully bid and acquired EVERYDAYS: THE FIRST 5000 DAYS, for $69,346,250 (~38474.82 ETH). This breaks the record for the most expensive NFT ever sold. Metakovan acquired the artwork during a single lot auction hosted by the 255-year-old auction house Christie’s, which opened for bidding on February 25th and concluded on March 11th at 10am EST.

The final auction price of a staggering $69+ million USD was not the only record broken in relation to the sale. The artwork was minted exclusively for Christie’s, making Christie’s the first major auction house to offer a purely digital work with a unique NFT and to accept cryptocurrency, in this case, Ethereum (Ether). Around 22 million viewers tuned in to Christies.com for the final moments of bidding.

Guillaume Cerutti, CEO of Christie’s said, “We are pleased to have brought together two distinct collecting communities – the traditional and the digital – at exactly the right moment for digital artists, for blockchain technology, and for cryptocurrency. The possibilities for what comes next in this field are inspiring and we look forward to more collaborative innovations in the near future.”

The artwork depicts a digital collage of 5,000 unique artworks created by digital artist Mike Winkelman, now famously known as Beeple, showcasing the cumulation of his work creating and posting an artwork every day consecutively for over 13-and-a-half years.

Metakovan further explains the historical importance of this acquisition: “When you think of high-valued NFTs, this one is going to be pretty hard to beat. And here's why - it represents 13 years of everyday work. Techniques are replicable and skill is surpassable, but the only thing you can't hack digitally is time. This is the crown jewel, the most valuable piece of art for this generation. It is worth $1 billion.”

This piece now ranks third amongst the most valuable artworks ever sold by a living artist, after works by Jeff Koons and David Hockney.

Twobadour, Steward of Metapurse, said that this event marks a shift in how the world perceives wealth, accomplishment, and high art. “A renowned auction house, a contemporary artist; a wholly digital masterpiece that lives on a shared financial platform on the internet, acquired by a person of color. This certainly is history. We also hope it is the future.”










Today's News

March 13, 2021

The secret stunt doubles of the art world

Garrett Bradley reminds us that Black joy always existed

David Zwirner opens an exhibition of works by William Eggleston and John McCracken

Exhibition at TAI Modern pairs works of Japanese bamboo art with flowers

British PM rules out return of Parthenon Marbles to Greece

The First 5000 Days, sold for $69,346,250 to Metakovan, founder of Metapurse

First NFT work registered to the Vastari exhibition platform

The Rubin Museum of Art opens 'Awaken: A Tibetan Buddhist Journey Toward Enlightenment'

Joy and anger in balance: The art of Lorraine O'Grady

Simon Bisley's original Lobo No. 1 cover heads to auction for the first time

Time stands still at historic Cairo watch shop

Holt/Smithson Foundation announces representation of Nancy Holt by Sprüth Magers

A rift over art and activism ripples through the performance world

New exhibition, Making Space, opens at the Art Gallery of Nova Scotia

Targeted in protests, Chile removes general's statue

Museum of Russian Icons reopens with "Painted Poetry: Alexander Gassel"

Lyndon B. Johnson signed official printing of a landmark Civil Rights bill sold for more than $85,000

Book owned by Ada Lovelace is for sale, in honor of Women's History Month

Vast 'Indian Land' sign draws visitors to Desert X art festival

Richard Saltoun Gallery opens an exhibition of works by Peter Kennard

James Cohan opens an exhibition of new works by Michelle Grabner

The captivating delight of birds is explored in new exhibition

Rare early Charlie Chaplin poster from 1913 to be offered at auction

London Art Week announces an impressive line-up of insightful and lively talks

What is Lintel? Types and Benefits of Lintel in Construction

How Artists Can Attract Audiences to Their New Music on Spotify

Meet the Artist-Photographer Who Brings Vivid Narratives into Existence

Incredible Facts About Instant Loans Finding the Best Instant Loans




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful