If you haven't started investing in, or even learning about NFTs, now would be the time to start doing so. Mike Winkelmann, aka the digital artist Beeple, has sold his piece “Everydays — The First 5000 Days” for $69.3 million, shattering the record for digital artwork sales and making it one of the biggest sales in the history of Christie's Auction House.
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Beeple's “Everydays — The First 5000 Days” Sells For Nearly $70 Million
Beeple/ONE37pm
By: Conor Sheeran
Published Mar 11, 2021
For those unfamiliar with NFTs, here is a comprehensive breakdown of the phenomenon and how these "non-fungible tokens" are a potential gamechanger in not just the world of finance but also the arts, culture, gaming, and beyond.
“Everydays — The First 5000 Days” is a JPG file that contains a collage of images that was created by Beeple, so while most art sales are for one single painting, this contains practically everything that the artist has created since he first began posting his work online in 2007.
Beeple is known for creating surreal pieces of art that reflect the culture of the time, whether that be politics, culture, music, and everything in between.
This is also not the first time that Beeple has made a killing from an NFT sale. Back in February, his piece "Crossroads" sold for $6.6 million in Ethereum. It's clear that people love Beeple's work and see that it has more value than one might think at first glance.
In another first for Christie's, "Everydays" was the first NFT sold by the auction house and was also the first piece to be purchased using Ethereum.
Just yesterday, the NFT called "Crypto Punk 7804" was sold 4,200 ETH, which is the equivalent of $7,566,173.88, thought to be the largest transaction involving NFTs up to that point.
If that sale and today's auction of "Everydays" is any indication, it's the world of NFTs and digital art will constantly be in flux, and this sale might not be top dog for long.
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