Beeple NFT to Be Auctioned by Christie's

Christie's is partnering with digital marketplace MakersPlace to auction the work of a renowned crypto artist.

AccessTimeIconFeb 16, 2021 at 7:54 p.m. UTC
Updated Sep 14, 2021 at 12:12 p.m. UTC

Christie's is getting in on nonfungible tokens (NFTs).

  • The 255-year-old auction house is partnering with digital marketplace MakersPlace to sell works from Mike "Beeple" Winkelmann, a digital artist who made $3.5 million in NFT auctions late last year.
  • NFTs enable collectors and artists to guarantee the provenance of artwork, verifying its authenticity and ownership securely on the blockchain.
  • The Beeple work being auctioned by Christie's is a collage of the thousands of pieces of art he has posted online since 2007.
  • "EVERYDAYS: THE FIRST 5000 DAYS" will be delivered directly to the buyer with a unique NFT encrypted with Beeple's signature.
  • The work will be auctioned in a standalone lot online for two weeks from Feb. 25 and is the first entirely digital artwork to be offered by a traditional auction house.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

CoinDesk - Unknown
2
CoinDesk - Unknown
June Was Bitcoin’s Worst Month Ever

Plus, European crypto regulation comes into view.

CoinDesk - Unknown
3
CoinDesk - Unknown
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years

Poor macroeconomic sentiment, fears of inflation and systemic risks from the crypto market pushed the cryptocurrency below 2017’s highs.

CoinDesk - Unknown
4
CoinDesk - Unknown
Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

CoinDesk - Unknown