Christie’s Digital Auction

Christie%27s+Digital+Auction

Sarah Vance Harrison

Christie’s, a leading British auction house, is selling its first fully digital artwork. The piece, titled Everydays: The First 5000 Days (2021), was created by graphic designer Beeple. It contains 5,000 images from 2007 to 2021. Beeple previously sold $3.5 million worth of artwork from 21 of his pieces back in December. The bidding for the work will start at $100 and will take place from February 25 to March 11. Christie’s is the first major auction house to sell a piece like this.

This auction demonstrates the continuing move from physical to more digital artwork. Crypto art, rare digital artworks like The First 5000 Days, uses non-fungible tokens to ensure that the artist’s work is not copied and that they have ownership of it. NFT’s put an artist’s piece on the blockchain, so it can be identified and verified as their own work. New technology and changing demographics will further push auction houses into investing in crypto art like Christie’s has.