- Empathetic Elephant from VeeFriends $412,500
- Gratitude Gorilla from VeeFriends $250,000
- “Diamond Hands” Hen from VeeFriends $162,500
- “You’re Gonna Die” Fly from VeeFriends $200,000
- Tremendous Tiger from VeeFriends $237,500
We’ve reached the tipping point.
Christie’s and Sotherby’s have gone all in on NFTs. Since the initial Beeple drop, the auction houses have gone full blast promoting NFTs and the new generation of artists including Mad Dog Jones, xcopy, and more. This drop is something a little different. During Warhol’s later years, like all artists, he began experimenting with new mediums. In this case, digitally. Found on floppy disks in 2014, the works of Warhol are now going up for auction.
Created in a paint program on Warhol’s Commodore Amiga personal computer in the mid-1980’s, the group of 5 works includes two self-portraits, his signature flower and Campbell’s soup can motifs, and – perhaps the most prescient image of the group – a rendering of a single banana on a blue background.
Being sold individually by the Andy Warhol Foundation for the Visual Arts, these 5 Pieces of work may be the blending motion that brings in hardcore non-digital art collectors into the realm of NFTs. The proceeds from this sale will benefit the Foundations relief fund for artists.
Warhol NFTs will bring in Art Collectors previously reluctant to NFTs
Warhol has been one of the most sought after artists for collectors and the fact that the Warhol foundation believes in NFTs enough to allow the digital works to be minted provides a huge push for legitimacy that may have been lacking in other traditional art forms. A collector will want to collect a Warhol regardless of the medium. Once these collectors start bidding, they will undoubtedly start looking at other NFT art, artists, and ways to display their incredible collections. This will be a big lift for the NFT community at large. We look forward to seeing how this auction does and which collectors ultimately win the prize of the incredible Warhol art!
The auctions started on the 19th of May and run through the 27th.
Beeple’sThe First 5000 Days has sold for an astounding $69 Million. The auction price was paid by approximately 42K ETH. We will continue to update this post as we learn more.
The hypothetical crash that we speculated about is most likely NOT HERE! We will update that article: What is Next for NFTs?.
The work ranks #3 in all high sales for a living artist.
The buyer is the elusive crypto figure “MetaKovan”, who is apparently chief financial officer of a project called Metapurse: https://www.metapurse.fund/. MetaKovan allegedly is based in Singapore. MetaKovan is best known for tokenizing a December Beeple drop into the B20 token. Metapurse describes there efforts to that effect here. MetaKovan’s real identity is hypothesized to be Vignesh Sundaresan, according to Amy Castor.
Featured NFT Crypto Artist
KidSuper (Colm Dillane) is the 25-year old Atlanta-based provocateur that has build a huge following on social media and launching fashion lines with pop stars. Currently embroiled in a lawsuit against Atlantic Records, the artist turned fashion icon has launched his first NFT colleciton on Nifty Gateway.
In a recent profile from hypebeast, KidSuper shared his inspiring message:
Enthusiasm is contagious. Whatever you do, give it the utmost enthusiasm because people respect that. Even if you’re not the most talented or gifted – if you come with the most energy and the willingness to work 10 times harder than others, people will appreciate that.
KidSuper has polymath goals launching bi-coastal studios that allow him to create music, fashion, dance, and more. We are excited to see what is in store for KidSuper as he explores the NFT space.