The painting is one of Kahlos final self-portraits and an example of the unsettling intimacy that has attracted collectors to her paintings. NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. bottom: 0 Christie's, recognizing the potential, quickly put together an auction for Beeple's "Everydays - The First 5000 Days." The piece sold today at a resounding $69,346,250. Mar 22, 2021, By It depends on whom you ask. One vital difference with NFTs, however, is that these terms are hard-coded into the smart contract. ouibounceAPIaccess = ouibounce( The price was a new high for an artwork that exists only digitally, beating auction records for physical paintings by museum-valorized greats like J.M.W. The collage by Beeple is titled "Everydays: The First 5000 Days", a single jpeg file composite of digital sketches taken each day for more than 13 years. ctx.submit($form, onSuccess); Even if you begrudgingly accepted Christies presence, how could their old-school process legitimize an actual NFT sale? The houses spokesperson noted that several, marketplaces are moving an increased number of transactions off of the blockchain and onto their platform for sustainability purposes. Professionally known under the name Beeple, he began this project on May 1, 2007 and has been diligently posting a new drawing everyday for 14 and a half years now. var ouibounceScript = '
