Auction house Christie’s announced the sale of a digital image of a Bitcoin token for over $ 130,000.
This is the first time that a non-exchangeable token (NFT) has been auctioned at a large auction house and the price has exceeded expectations.
According to the auction house, an unidentified buyer bought Block 21, consisting of a physical work of art and an NFT representing Satoshi Nakamoto, for $ 131,250 at Christie’s on October 7th as part of the Post-War and Contemporary Day Auction. … Bidding started at $ 22,000.
The artwork created by Ben Gentilli as part of the Robert Alice project is one of 40 creations in the series and contains exactly 322,048 figures from the original Satoshi Bitcoin Token (BTC). In the series titled Images of Mind, 12.3 million figurines of the original cryptocurrency symbol are engraved and applied to 40 different circular panels that are more than 50 meters long.
Christie’s auction was dedicated to just one of the paintings in the series – “Block 21”, the name of which indicates the rarity of bitcoins, with a limit of only 21 million coins. Binance founder Changpeng Zhao and Bloq boss Matthew Rozak also reportedly bought items from Portraits of a Mind.
“The work is a symbolic expression of Satoshi’s vision, shaped by the same code that underlies the origin of everything,” says Robert Ellis’ website. “Portraits of the mind, exploring the multifaceted personalities of Satoshi Nakamoto, which in turn reflect the nature of personality and portraits in modern decentralized times.”
To date, the most expensive digital art piece ever sold at auction was Matt Kane’s NFT book “In the Right Place, at the Right Time,” based on Bitcoin price fluctuations, which sold for $ 101,593 in September.