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Beeple NFT Sold for Record-Setting $69.3M at Christie’s Auction

Sebastian Sinclair, Zack Seward - CoinDesk
2021-03-11 15:01
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A piece of digital artwork has sold for a face-melting $69.3 million at auction.
Storied auction house Christie's has wrapped its sale of "EVERYDAYS: THE FIRST 5000 DAYS" by crypto artist Beeple.
The winning bid just after 10:00 a.m. ET for the non-fungible token (NFT) was a staggering $60.25 million. A last-minute surge upped the final price to $69,346,250.
In the final minutes of the auction, the price jumped from the $20 million range to the over $60 million seemingly within seconds.
It's by far the largest known sale of an NFT, a special type of token that lives on the Ethereum (ETH) blockchain and proves digital ownership.
Ether (ETH) was supported as a payment vehicle in a first for the 255-year-old auction house. At press time, it unclear if the buyer used fiat or crypto to buy the now-famous Beeple.
Beeple's previous record-breaking auction was in February on NFT marketplace Nifty Gateway. That piece, a video clip of Donald Trump lying face down in the grass, sold for $6.6 million in ETH.
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