An NFT sale at Christie's brought in $1.6 million, giving digital art collectors some hope in the wake of the crypto crash:
, which edged its own estimate of $150,000-$250,000 with 10 bids.
If you’re really trying to mine market meaning from the sale, these two artworks offer up ready-made metaphors: Spratt’s laconic ape a symbol of defeat, Beeple’s wondrous landscape a message of hope. The latter contains a telling caption: “It’s been a long strange trip so far, but the journey has just begun.
In the end, each of the 27 lots sold, though several of them, including pieces by Brendan Dawes, Jake Fried, and Tom Sachs, did so with only one bid. “We put this sale together both as a celebration of the digital art space and as a philanthropic endeavor, and given that we sold 100 percent of the works and achieved over the high estimate, I would classify it as a huge success,” said Nicole Sales, Christie’s business director of digital art, in an email to Artnet News.
“This sale was about art for art’s sake as well as charitable giving and the results were fantastic,” she added. “The market for quality digital artworks remains strong.”
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