A digital collage called “Everydays — The First Five Thousand Days” by the artist Beeple sold for almost $70 million by Christie’s in an online auction Thursday.
A JPG file made by a digital artist known as Beeple sold Thursday for almost $70 million by Christie’s auction house. That price set a new record for the increasingly popular market for digital-only art — and makes Beeple’s piece the third most-expensive work sold by a living artist at auction, according to a statement by Christie’s.
The artwork, a digital collage called “Everydays — The First Five Thousand Days,” is what’s known as an NFT, or nonfungible token. NFTs signal ownership and authenticityof digital works of art by recording the sale through blockchain technology.
Blockchains record cryptocurrency transactions; the records can be shared but not duplicated.
