3 ms·

The terms of many of these auctions give a percentage of the sale to the original creator. I don't know the terms but it's possible Mike Winkelmann got quite a

• tablespoon 6y ago
  > The terms of many of these auctions give a percentage of the sale to the original creator. I don't know the terms but it's possible Mike Winkelmann got quite a bit from the resale. I guess the suspicion I have is that someone who's heavily invested in NFT marketplaces may have arranged this to hype them. And that category may even include this artist, Mike Winkelmann. According to the article linked here https://news.ycombinator.com/item?id=26303420 https://news.ycombinator.com/item?id=26303420, he'd only ever sold his artwork once before listing it for sale on some NFT marketplace in December 2020 and immediately hitting jackpot. > Mike Winkelmann never used to call himself an artist. But that was before he made $3.5 million in a single weekend from selling his artworks. In December, he auctioned off multiple editions of three digital artworks, each priced at $969, and 21 unique works, most of which sold for about $100,000 each. It was only the second time he had put his art on sale. The alternative, which is I think is also very possible, is this is just lucky cryptocurrency money hoping luck strikes twice.