Beeple’s ‘Human One’ Sculpture and NFT Sells for Nearly $29 Million
PhilNote: this is a true Andy Warhol / John Cage moment - it is great art because it uses the established art infrastructure and the market says it is thru the valuation.
HUMAN ONE, a 3-D video sculpture and the latest creation bythe artist known as Beeple, sold for US$28.9 million to an online bidder in Switzerland at a live Christie’s auction in New York on Tuesday evening.
The more than 7-foot-high sculpture featuring dystopian imagery that is accessed through the Ethereum blockchain drew bids from collectors on the phone with specialists in New York and Hong Kong, before ultimately selling for a hammer price of US$25 million in just over 3 minutes.
The imagery that makes up the world of this ever-exploring human in Beeple’s work is drawn randomly from a data pool of one-minute video clips set up by Winkelmann and accessed via Ethereum, Christie’s says.
The artist intends to change the imagery blanketing the four walls of the sculpture throughout his lifetime, creating a lifelong connection with the winning bidder as well as any future owners of the sculpture.
See the full story here: https://www.barrons.com/articles/beeples-human-one-video-sculpture-and-nft-sells-for-nearly-29-million-01636506472
