![]() ![]() ![]() But it doesn’t make you an owner of the original painting. You can also go to the museum shop and buy a copy of any size and own it. First of all, you can buy a ticket to the museum and watch it even if you are not an owner, or even google it and see it on your phone screen. The Louvre museum is an owner of the ‘Mona Lisa’ masterpiece by Leonardo da Vinci. Let me explain why it is not as stupid as you might think. #DIGITAL ART FILES FOR SALE DOWNLOAD#Yes, anyone can download the piece or make a print screen. The thing is that by purchasing the NFT that represents anything digital, the buyer gets the ownership. You might ask, ‘why is it so? Anyone can save it by clicking the right mouse button’. People treat the NFTs purchase as an art collection. You may hear about NFT as a part of contemporary digital art, and it might be true. It can be an image, drawing, gif., music, magazine column, and even a tweet. However, it’s like exchanging a silver spoon with a brilliant necklace – these two are completely different things. NFT tokens can be exchanged for another NFT too. Imagine Bitcoin that you can exchange for any other cryptocurrency without loss in value. Any other common cryptocurrency is fungible. NFT kind of tokens are mostly part of the Ethereum blockchain. While the auction house hasn’t really mentioned who or how the person bought it, publicly.NFT stands for a non-fungible token, but it doesn’t make it any easier. ![]() The popular auction house announced that it would accept cryptocurrency Ether as a payment option for the artwork. The sale of this Beeple artwork was groundbreaking for another reason. Scott Winkelmann via Financial Times Dealing in cryptocurrency To tackle this, they’re using something called NFT or non-fungible tokens (essentially are a form of cryptographic tokens) which fuses digitally with the artist's signature to it, which cannot be altered, according to Christie’s. In digital artwork, there can be an infinite number of copies, each looking as good as the other one. Moreover, experts can date a painting to figure out if it's genuine or a replica. ![]() With digital artwork, authenticity is the most difficult aspect as in actual paintings the painter signs it to make it authentic. Reuters How will they make the painting authentic? Picasso's 'Women of Algiers' is next on the list, which was auctioned at a price tag of $179.4 million. That title is claimed by Da Vinci's ‘Salvator Mundi’, which fetched $450 million, setting a world record for auctioned art. Is this the most expensive artwork to be auctioned?Įven though bordering $70 million isn’t a small price by any means, it isn’t the most expensive artwork to be auctioned. The entire collage consists of a variety of artwork including simple sketches as well as complex 3D art. They had to be completed on that very day. Hailing from Chaleston, South Carolina, Beeple AKA Mike Winkelmann decided to make the ‘Everydays’ project as an idea to create art daily, regardless of the fact how simple or complex they were. Gen Z buyers were around 6 percent whereas Baby Boomers were just 3 percent. Christie’s press release revealed that of the 33 active bidders that were in the battle to claim this artwork, 58 percent of the individuals were millennial and 33 percent were GenX buyers. What’s more surprising is that this particular artwork brought in a different set of clientele than its conventional customers. It is the record amount ever paid for a new kind of digital art called NFTs, according to Forbes - more on that further down the article. The bidding war ended this Thursday, with the artwork ultimately selling for $69,346,250. How will they make the painting authentic?īeeple’s artwork was sold through a completely online auction that started on February 25 at a starting price of $100.Is this the most expensive artwork to be auctioned?. ![]()
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