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I think this was true a year ago too. They peaked in 2021, were dead in 2022. For me the most impressive part is how high it peaked. This wasn’t just a flash i
by hnbear 3y ago
I think this was true a year ago too. They peaked in 2021, were dead in 2022.
For me the most impressive part is how high it peaked. This wasn’t just a flash in the pan, fleecing people for a $1000 here and there.
Beeple’s $69.3M price makes it third highest art sale by a living artist ever, for all art.
This category came out of nowhere from nothing to top 3 in the space of a couple of years. Then died just as quickly.
> The composite’s sale is not just a standout in the NFT world but in the broader art market, too. It is the third-most expensive work from a living artist ever sold at auction—behind only $90.3 million spent on a David Hockney painting in 2018 and the $91.1 million for Jeff Koons’ stainless-steel Rabbit sculpture in 2019.
- xnx 3y agoWas there any 3rd-party confirmation that Beeple's sale was real and not a wash trade / self-sale?
- xref 3y agoWell it sold at Christie’s, not OpenSea or something
- acdha 3y agoThe best theory I’ve seen is that it was more of an attempt to generally juice the market: https://amycastor.com/2021/03/14/metakovan-the-mystery-beeple-art-buyer-and-his-nft-defi-scheme/ https://amycastor.com/2021/03/14/metakovan-the-mystery-beepl...
- xnx 3y agoTrue, so there was probably a commission cost, though even Christie's might have been doing it to try and establish itself in this new space.
- CPLX 3y agoDepends on what you call “real” but it’s going to basically be a certainty that it was someone using money borrowed from other crypto nonsense to prop up this specific crypto nonsense in the hopes that making money off crypto nonsense in general could continue for a few more months.