Beeple NFT Sold for Record-Setting $69.3M at Christie's Auction

Just when you thought NFTs couldn't get any crazier.

AccessTimeIconMar 11, 2021 at 3:01 p.m. UTC
Updated Sep 14, 2021 at 12:24 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A piece of digital artwork has sold for a mind-blowing $69.3 million at auction.

Storied auction house Christie's has wrapped its sale of "EVERYDAYS: THE FIRST 5000 DAYS" by crypto artist Beeple.

The winning bid just after 10:00 a.m. ET for the non-fungible token (NFT) was a staggering $60.25 million. The buyer's premium upped the final price to $69,346,250.

In the final minutes of the auction, the price jumped from the $20 million range to over $50 million.

It's by far the largest known sale of an NFT, a special type of token that lives on the Ethereum blockchain and proves digital ownership of its associated media.

Ether (ETH) was supported as a payment option in a first for the 255-year-old auction house. At press time, it is unclear if the buyer used fiat or crypto to buy the now-famous Beeple.

Beeple's previous record-breaking auction was in February on NFT marketplace Nifty Gateway. That piece, a video clip of a digitally illustrated Donald Trump lying face down in the grass, sold for $6.6 million in ETH.

According to the New York Times, the most expensive painting ever sold was a Leonardo da Vinci that went for $450.3 million in 2017.

This is a developing story and will be updated.

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about