If the concept proved out, hardware and software could equitably replace a wide range of centralized authorities (banks, courts of law, and governments) wielding tremendous power and, too often, questionable influence over modern life. The record-breaking sale of "Everydays: The First 5000 Days" catapults the creator, Mike Winkelmann, who goes by Beeple, near the summit of the most expensive living artists to date, placing him . But long after this sale recedes from the headlines, the deep philosophical divisions it has exposed within the crypto-art community will persistand should be remembered. This backstory clarifies why Christies role in the Beeple sale could rankle crypto purists regardless of whatever came next. . Christie's is set to auction this unique. Owner: 0x8b.9629. If. Its associated non-fungible token (NFT) was sold for $69.3 million at Christie's in 2021, making it the most expensive non-fungible token ever. This NFT was sold for $69.3 million in February 2021, purchased by NFT investor Metakovan through an auction sale at Christie's. } .addClass( 'slideIn' + upOrDown ); CryptoPunk 7804 sold on Wednesday for the equivalent of about $7.6 million. } //default prefix is 'artnet_newsletter_' The piece, titled 'Everydays: The First 5,000 Days', is a mosaic made up of 5,000 individual images created every day from 2007 to 2021 and posted on the artist's Instagram. + '<\/div>' link.type = 'text/css'; Details surrounding the sale of "Everydays" raise questions about what NFTs areand why the art market values them. The piece, titled 'Everydays: The First 5,000 Days', is a mosaic made up of 5,000 individual images created every day from 2007 to 2021 and posted on the artist's Instagram. View recent offers. It depends on whom you ask. Beeple's Everydays - The First 5,000 Days obliterated records and expectations when it sold at Christie's for a hallucinatory $69.3 million on March 11.. }, + '<\/div>' //hide on mobile phones . Christie's, recognizing the potential, quickly put together an auction for Beeple's "Everydays - The First 5000 Days." The piece sold today at a resounding $69,346,250. function appendNewsletterSignup() { + '