Sotheby’s Sells 500 Pieces of Digital Art for $1.2 Million
Sotheby’s, the prestigious auction house, recently sold 500 pieces of generative art by artist Vera Molnár for a total of $1.2 million. The art collection, called Themes and Variations, was sold in less than an hour. Each piece of digital art was immediately minted upon purchase, and trading volume on the secondary market reached 400 ether (approximately $754,000) shortly after the auction.
Key Points:
– Sotheby’s successfully auctioned off 500 pieces of generative art by artist Vera Molnár for $1.2 million.
– The digital art collection, named Themes and Variations, was minted immediately upon purchase.
– Trading volume on the secondary market reached 400 ether (about $754,000) after the auction.
– Sotheby’s recently launched its generative art program and has been relatively successful in selling digital works.
– The sale of Themes and Variations started with a ceiling price of 20 ether ($37,600).
This auction demonstrates the continued interest and demand for generative art in the crypto world. Despite the recent downturn in NFT sales, Sotheby’s has shown that there is still a market for digital artworks. The success of this auction highlights the growing acceptance and value of digital art in the art market. As the crypto landscape continues to evolve, we can expect to see more traditional art institutions embracing and capitalizing on this emerging form of art.
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