Business
Digital artist Beeple $US70m richer as NFT piece becomes first sold by major auction house – ABC News
The landmark sale of the collage of 5,000 individual images — made one-per-day over more than 13 years — puts American artist Mike Winkelmann, known as Beeple,…
An artist has netted $US70 million ($90 million) from the landmark sale of a digital artwork that does not exist in physical form.
Key points:
- Mike Winkelmann, known as Beeple, has become one of the world’s most profitable artists
- The artwork is in the form of a Non-Fungible Token (NFT), which is authenticated by a blockchain
- This piece of art is the first of its kind to be sold by a major auction house
In the first such sale by a major auction house, Christie’s sold the piece titled, Everydays The…
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