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Courtesy of Christie’s.
Beeple, The First 5000 Days, 2021.
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In late February, Christie’s announced the auction of this work, which caused an uproar in the art industry and the blockchain industry. The reason, in simple terms, is an NFT work that could only be circulated in the blockchain circle (or Called "encrypted art", chain circles used to call it "nifties") appeared in the mainstream art market with a high profile, and the authoritative auction house Christie's accepted the digital currency Ethereum for the first time to pay the principal of the work.
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Daïm Aggott-Hönsch, Golden Plague, 2020
G○C△ - Gallery of Crypto Art
$3,000
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Maurizio Cattelan, Comedian, 2019. Banana and tape.
Photo by Zeno ZottiJacopo Zotti. Courtesy of the artist and Perrotin.
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It sounds ridiculous: am I spending so much money just to prove that I actually have an image that everyone can copy and watch? But this is indeed a very critical point in the NFT mania.
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G○C△ - Gallery of Crypto Art
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Frenetik Void, Toma y Daca - 2019, 2019
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The aforementioned NFT works sales platform Nifty Gateway is one of the most active platforms in the encrypted art trading circle. In December last year, the monthly transaction volume of the platform was as high as 6.67 million U.S. dollars, while the transaction volume of the entire encrypted art circle in November last year was "only" 2.6 million U.S. dollars. This is naturally related to the economic background of the global fiscal and monetary easing policies. In December last year, Bitcoin ushered in another bull market, and the price soared all the way to 20,000 US dollars. I believe many experienced coin speculators have experienced the feeling of getting rich overnight. "In 2021, after the influx of mainstream institutions in the United States, the price of bitcoin will exceed 50,000 US dollars. The market value of the 'encrypted world' of about 600 billion US dollars will undoubtedly create a group of 'encrypted world' upstarts." The head of the China region of the web3 foundation Wang Qinwen said.
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G○C△ - Gallery of Crypto Art
Contact for price
Twisted Vacancy
Mission 01, ca. 2019
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Courtesy of the artist and Almine Rech.
César Piette, Redhead woman on seascape, 2021.
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Courtesy of HENI.
Damien Hirst's new series of prints.
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Courtesy of Christie’s.
Beeple, detail of Everydays: The First 5000 Days, 2021.
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Technology is penetrating the art market at a speed that none of us could have foreseen. Two years ago, I asked the senior executives of Christie’s Asia whether they would consider accepting cryptocurrency as a payment method in the future, and the answer I got was “absolutely impossible”; The future of accepting cryptocurrencies as payment methods is indeed coming a little bit fast. According to Wang Qinwen, the auction of Beeple was a suggestion made by an auction house intern to Noah Davis, an expert on post-war and contemporary art at Christie's in New York, and "Christie's in New York also accepted this proposal very openly." As a representative of the traditional art market, Christie's opening is still limited. Noah Davis told Artsy that "there is no intention in the foreseeable future" as to whether cryptocurrencies will continue to be accepted for payment in the future.
