Sotheby’s to Auction off Beeple and CryptoPunk NFT at Digital Art Sale Today
Sotheby’s, the 280-year-old British auction house, is auctioning off a Beeple and Cryptopunk non-fungible token (NFT) at its Digital Art Day Sale which goes live today.
The digital art sale starts today at 14:00 EST and will end on August 22.
In an email shared with CryptoNews, Sotheby’s said the sale delves into several cutting-edge themes, including generative art. The art form merges creativity and tech through algorithm-driven processes and celebrates pioneering women who have reshaped the digital art landscape with their innovative contributions.
CryptoPunk NFT dubbed Punk491.png [picured below] a type of digital collectible created by Larva Labs. The NFT will be on sale. There are 10,000 CryptoPunk digital pieces which are algorithmically generated characters.
Each CryptoPunk is a small 24×24 pixel image of a punk-like figure, typically depicting a human, zombie, ape, or alien, and is part of the Ethereum blockchain as an NFT. Launched in 2017, CryptoPunks were one of the earliest examples of NFTs, which are digital assets that represent ownership of a unique item or piece of content on the blockchain.
In 2021, Sotheby’s sold CryptoPunk #7523 for $11.8 million. The CryptoPunk was of the Alien variety with blue-green skin and with a medical mask.
The Beeple piece on sale is created by Mike Winkelmann, also known as Beeple. He is a prominent digital artist and graphic designer known for his unique work in the NFT space.
Beeple made history in March 2021 when his NFT titled “Everydays: The First 5000 Days” was sold at Christie’s auction house for $69.3 million. Beeple’s sale not only set a record for digital art but also signified a shift in how art could be collected, bought, and sold through blockchain technology.
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