In recent years, digital art has become increasingly popular in the art world. With the rise of technology and the accessibility of digital tools, more people are creating and selling artwork online.
The sale of digital art is becoming increasingly lucrative for artists, with some pieces fetching hundreds of thousands of dollars. One such example is the “Everydays: The First 5000 Days” by Mike Winkelmann, better known as his artist name Beeple, which sold for $69.3 million in March 2021.
The piece is a collage made up of 5,000 individual images created over 13 years. It was first released as a NFT (non-fungible token) on February 25th 2021, and quickly gained attention from collectors and investors alike. Over the course of 20 minutes, it attracted bids from almost 12,000 users across various crypto platforms before it was finally sold to Vignesh Sundaresan for $69.3 million.
The sale made Beeple one of the most successful digital artists in history and established NFTs as an important asset class. It also marked a turning point in digital art history; no longer are works created on computers dismissed as “just pixels” but rather they are seen as legitimate pieces of art that can command large sums of money.
Since then, there have been a number of other record-breaking sales for digital artwork. In April 2021, a work by Trevor Jones called “Crossroads” sold for $6.6 million and another piece by Pak titled “CryptoPunk #7804” sold for $7.5 million.
Conclusion:
It’s clear that digital artwork can be extremely valuable; with prices ranging from tens to hundreds of millions of dollars depending on the piece. The sale of Beeple’s “Everydays: The First 5000 Days” set the record for most expensive digital artwork at $69.3 million – an impressive feat that demonstrates just how much value there can be in these works.