From Yahoo Finance:
Christie's first NFT art auction skyrockets from $100 to top $13 million
Famed auction house Christie's wasn't exactly sure what kind of demand it was going to see when it announced a $100 starting price for its first-ever digital art auction by way of a non-fungible token, or NFT, in February.
But as bidding wrapped up Wednesday on a collage of work, dubbed "Everydays: The First 5000 Days," from rising digital artist Beeple to top a price of $13 million, Christie's Contemporary Art Specialist Noah Davis explained, nothing he's seen before "even comes close."
"The first 10 minutes of this sale we had more than 100 bids placed. We went from an opening bid of $100 to more than $1 million. We had bidders from seven different countries," Davis told Yahoo Finance Live. "What's a really compelling stat, and probably the most amazing to me, is only three of those bidders were previously known to Christie's, so everyone else was brand new."
That might not be terribly surprising, given how many people are still learning about NFTs and how the digital tokens function to digitize ownership of assets on blockchains. The tech has enabled verifiable digital ownership and the resale of anything from digital art, to NBA highlights that have re-sold for thousands of dollars on platform NBA Top Shot. Even the artist himself, Beeple (also known as Mike Winkelmann) only recently catapulted to mainstream fame after one of his other art works, a 10-second clip of people walking by a nude Donald Trump, re-sold for $6.6 million after selling for just over $66,000 four months prior....
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And from the Christie's auction page:
Please note that you may elect to make payment of the purchase price for this lot in the cryptocurrency Ether. Payment in Ether must be made via a digital wallet transfer of Ether to Christie’s....
