JPG file sells for $69 million, as ‘NFT mania’ gathers pace

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
 "EVERYDAYS: THE FIRST 5000 DAYS" is a collage, by a digital artist BEEPLE, that went on auction at Christie's. (Photo: Christie's/ Supplied)
"EVERYDAYS: THE FIRST 5000 DAYS" is a collage, by a digital artist BEEPLE, that went on auction at Christie's. (Photo: Christie's/ Supplied)

Everydays - The First 5000 Days is a digital work by American artist Mike Winkelmann, known as Beeple. It is a collage of 5,000 individual images, which were made one-per-day over more than thirteen years.

The sale of the work for $69,346,250 put Beeple in the top three most valuable living artists, Christie’s said in a tweet.

The work is in the form of a new type of digital asset - a Non-Fungible Token (NFT) - meaning it is authenticated by blockchain, which certifies its originality and ownership.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in