Bongo
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Non-Fungible Tokens
“The potential for it to disrupt the traditional art auction model is humongous,” said Noah Davis, the specialist in charge of the first NFT auction at Christie’s. Beyond the record-setting sale of Beeple’s “Everydays,” he said, NFTs’ “lack of objecthood” meant auction houses faced no costs required for storing, handling, cataloging, photographing and insuring a physical work of art, making a “really attractive opportunity” for auction houses.
The third-highest auction price achieved for a living artist, after Jeff Koons and David Hockney....? Mike Winkelmann - better known as Beeples for $69,000,000.00
“The potential for it to disrupt the traditional art auction model is humongous,” said Noah Davis, the specialist in charge of the first NFT auction at Christie’s. Beyond the record-setting sale of Beeple’s “Everydays,” he said, NFTs’ “lack of objecthood” meant auction houses faced no costs required for storing, handling, cataloging, photographing and insuring a physical work of art, making a “really attractive opportunity” for auction houses.
The third-highest auction price achieved for a living artist, after Jeff Koons and David Hockney....? Mike Winkelmann - better known as Beeples for $69,000,000.00
