NFT Art: Amazing Years of Growth
It has been an amazing run for NFT Art. While the crypto winter of 2022 has frozen the positivity of the masses, the crypto believers remain faithful. Bitcoin has shown amazing resilience in the past several months, as it remains above its $20,000 support. While the NFT Art sales volume continues to decline, there remains a silver lining in the bearish clouds of 2022. Let’s look at the top-five NFT Art sales of all-time.
The Most Expensive Piece of NFT Art Ever Sold
Not too long ago, the art world was shocked when a digital artist – who never sold a piece of work for over $100 – sold an NFT for over $60 million. Indeed, in March of 2021, digital artist, Beeple, sold an NFT for a record-setting amount of $69 million. The NFT, titled “Everydays — The First 5000 Days,” depicts the artist’s first 5,000 days of creating digital artwork. Each day, Beeple would submit a piece of digital art, and this NFT encompasses the entirety of Beeple’s first 5,0000 days of his art career. The art, which was auctioned off at renowned art and luxury house, Christie’s, is considered to be the first purely work of digital art ever sold at a major auction house.
NFT Art: Raising Funds for A Political Movement
In February of 2022, Julian Assange and Pak’s Clock NFT became the second-most expensive single NFT ever sold. The NFT depicts a timer that counts the number of days Assange has spent in prison. The NFT sold for $52.7 million. As the NFT is dynamic, it changes each day, depicting the number of days Julian Assange has been held in prison. Dynamic NFTs are NFTs that change based upon external data. These non-fungible tokens can keep track of statistics, stock prices, or keep track of a player’s performance.
Beeple’s “Human One”
The third most expensive NFT ever sold was Beeple’s “Human One”. This piece sold for $28.9 million on November 9, 2021. As the first-ever physical piece from the digital artist, both the NFT and the electronic sculpture went up to auction as a single lot.
The fourth most expensive NFT ever sold was CryptoPunk #5822. The most expensive CryptoPunk ever sold is punk #5822. The alien-style punk featuring a blue bandana sold for $23 million on February 12, 2022 — more than double the cost of the next highest-grossing punk. The buyer is the CEO of Chain, Deepak Thapliyal.
In June of 2021, CryptoPunk #7523 sold at auction at Sotheby’s for $11.7 million. It was the fifth largest sale in the history of NFT Art. This particular CryptoPunk is known as the “Covid Alien.” It is one of only nine CryptoPunk aliens and is the only alien who’s wearing a medical mask. Also, it is important to note that the top two NFT sales of all time occurred at traditional art institutions. Sotheby’s and Christie’s participation in these significant and historic NFT Art sales speaks volumes to NFT Art’s place in the traditional art world. Namely, that NFT Art is here, and it is not going anywhere.
And We Thank You for a Real Good Time!
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