An artwork by Beeple which exists only as a digital file and was sold as a “nonfungible token” for a staggering $69.3 million at an online auction handled by Christie’s on Thursday was bought by an investor known only by a pseudonym and who paid for it with cryptocurrency, the auction house said Friday.
“It feel like I got a steal,” said the buyer, who goes by the pseudonym Metakovan, in a Google Meet interview (without video) that was arranged by Christie’s.
Metakovan, the founder of the Metapurse, a fund that collects “nonfungible tokens” or NFTs, said he would be paying for the work and Christie’s fees in Ether, a cryptocurrency. “As we speak, I’m sending the last transaction,” he said.
The work he bought, “Everydays — The First 5000 Days,” is a collage of all the images that the digital artist Mike Winkelmann, known as Beeple, has posted online since 2007. The image had been specially created, or “minted,” by the artist for Christie’s timed one-lot online auction as an NFT. Such digital collectibles have no physical existence, but are given proof of ownership and authenticity using blockchain technology. “Everydays,” a JPG, was the first digital-only NFT auctioned by Christie’s.