A day before her term ends, Vice President Leni Robredo..
The "Everydays: The First 5000 Days" by artist Mike Winkelmann or popularly known as Beeple, has just been sold for $69,346,250 during an online auction by Christie's on Thursday.
The sale has made Beeple the top three most valuable living artists, next to Jeff Koons who sold his artwork “Rabbit” for $91.1 million in May 2019 and David Hockney whose artwork “Portraits of an Artist (Pool with Two Figures)” sold for $90.3 million in November 2018.
The digital artwork is in the form of a new type of digital asset called Non-Fungible Token or NFT.
The New York Times described NFT as “an asset verified using blockchain technology, in which a network of computers records transactions and gives buyers proof of authenticity and ownership.”
“NFTs make digital artworks unique, and therefore sellable.”
The technology has been around since the mid-2010s, but only rose to popularity in late 2017 with CryptoKitties. Currently, the cryptocurrencies or virtual currency are reaching record highs, with investors buying or trading NFTs for expensive prices.
"Everydays: The First 5000 Days"
The multi-million dollar virtual artwork is composed of 5,000 images, made one-per-day over more than thirteen years.
According to the Christies’ website, Beeple “has stitched together recurring themes and color schemes to create an aesthetic whole.”
"Everydays: The First 5000 Days" | Christies
“Organized in loose chronological order, zooming in on individual pieces reveals abstract, fantastical, grotesque, and absurd pictures, alongside current events and deeply personal moments.”
Moreover, Christies noted that “society’s obsession with and fear of technology; the desire for and resentment of wealth; and America’s recent political turbulence appear frequently throughout the work.”
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