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A fully digital work by American artist Pebble was sold on Thursday for $ 69.3 million following a Christie’s auction, a record number that testifies to the revolution in a long-kept secret market.
With this work titled “Everyday’s: The First 5000 Days”, which is a compilation of static and animated drawings made daily for five thousand consecutive days, Mike Winkelman, the original name of Pebble, became among the three artists with the most work. dear during their lifetime in the world, including all technical support.
Mike Winckelman commented, on his Twitter account, in a tweet in which he wrote “Damn” after the two-week auction ended.
A second record was also broken, as nearly 22 million Internet users watched the final moments of the auction on the Christie’s site, in the first event of its kind organized by a major auction house on a fully digital work.
Winckelmann, 39, was known for his digital projects and collaborations with other artists, but he had not sold any work in his name until the end of October.
The record set Thursday reflects the growing importance of new documentation technology that uses blockchain technology used in digital currencies, which presents itself as the ideal solution to do without copies which are one of the brakes to the development of the market of digital art.
This technology allows works of art and virtually any product imaginable to be uploaded, from music albums to personal tweets, using an encryption method known as non-exchangeable “NFT” codes.
This designation, which began to be used in 2017, includes every digital coin that can document its identity, authenticity, and the ability to trace it in a way that does not support ambiguity or appeal.
About six months ago, the NFT symbols entered the lexicon of more Internet users, with the growing number of artists, collectors and entrepreneurs keen to take advantage of this trend.
“Artists have been using data storage and software to create works of art and publish them on the Internet for over twenty years, but there has never been a real way to own and collect them,” he said. Mike Winkelman said in a statement released by Christie’s after the auction.
And everything has changed with NFT.
– “A new chapter in the history of art” – “We are witnessing the beginning of a new chapter in the history of art, namely digital art.”
At the end of February, another work by Pebble, “Crossroads”, was sold for $ 6.6 million via the Nifty Gateway platform, specializing in virtual works.
The artist received 10% of this amount, which is the usual rate on specialized platforms.
Also, an animation of him had sold it at the end of October for a symbolic sum of $ 1, which was finally sold for $ 150,000.
Most digital products encoded in the “NFT” format can be purchased via digital currencies, which happened with Pebble’s artwork, which was sold Thursday at Christie’s auction, which accepts payment in “Ether” currency. , one of the most important virtual currencies.
A sign of interest in new technologies, the NBA has launched an NFT coded code platform, called “Top Shot”, which broadcasts clips of a few seconds of matches.
And in February, a music video showing Lakers jumping star Liron James was sold in a game for a record $ 208,000.
The organization “Lara Labs” is often credited with launching this new digital era, since in 2017 it launched the project “Cryptobanks”, a series of ten thousand computer-drawn faces, all different with distorted characteristics.
As for music, the group “Kings of Lyon” released their album “Wayne You C Yourself” in “NFT” format last week.
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