Sotheby’s, the major auction house, has sold Banksy’s physical artwork “Love is in the Air” for $ 12.9 million. It has been reported that the physical artwork was offered at a Contemporary Art Evening Auction that also featured “Versus Medici” by Jean-Michel Basquiat selling for nearly $51 million. However, Sotheby’s announced on Twitter that the auction involved a 14-minute bidding battle among four entities. The auction house emphasized that the sale marks the first time cr

Blockchain buzz is gaining traction in the financial sector. Its credibility has made it reach wider sectors of the industry along with getting itself explored in the artistic realm and no doubt, this experiment has made the world go frenzy into exploring their artistic skills and spending millions making the celebrated art enthusiasts millionaires thereby upholding and supporting the NFT sector. Yes, we are talking about NFTs. NFTs have managed to expand their tentacles to e

Async Art, a Silicon Valley NFT platform, has secured over $2 million in seed funding from at least 10 investors by highlighting the growing value proposition of programmable art. It has been reported that the company announced the new raise on February 17 (Wednesday) by highlighting Async’s rapid growth since its February 2020 launch. In its first year of operations, Async generated over $1 million in art sales and launched a smart TV app to display digital art. However, it

Christie’s, the British auction house, has announced the auction of its first-ever “purely digital work of art.” It has been reported that Christie’s said that the nonfungible token (NFT) artwork will be issued in partnership with major NFT marketplace MakersPlace. Named “Everydays: The First 5000 Days,” the piece was created by Mike Winkelmann, who goes by the name “Beeple.” Christie's is proud to offer "Everydays – The First 5000 Days" by @beeple as the first purely digital

Nifty Gateway, the non-fungible token marketplace, has hosted an auction that saw a single NFT artwork sell for $777,777 after a last-second bid doubled the price. It has been reported that Nifty tweeted that the “savage” bid of $777,777 had been entered with only a single second left to go in the auction. THIS SAVAGE JUST BID $777,777 WITH LITERALLY 1 SECOND LEFT — Nifty Gateway (@niftygateway) December 13, 2020 The artwork was the last to be sold from “The Complete MF Coll

Former Major League Baseball player turned NFT artist Micah Johnson’s artwork will display for a month as a piece of drive-by art on a giant electronic billboard in Los Angeles. It has been reported that Johnson’s “ˈsä-v(ə-)rən-tē” (pronounced “sovereignty”) was inspired by the “Black Lives Matter” movement and features two African American boys hoping to fulfill their dream of becoming astronauts. However, this is represented by a spacesuit behind a closed door. Each year on

SuperRare, the digital-art trading platform, has launched two different timed auction formats to complement its existing fixed-price and open-offers sales. It has been reported that early access began on December 7 (Monday), with a number of special auctions featuring works by well-known digital artists being run to celebrate SuperRare Auction Week. However, full public access to the auction features will become available on December 14. The report said that the two new forma

Ben Elliot, the French artist, is launching Ben Elliot Token (BET), the world’s first personal cryptocurrency, which supported by the market value of his artworks, as his efforts revolutionize the artwork purchasing and collecting experience that directly pegged to a career. French Artist Launches Personal Crypto Tied to Value of His Career and Output https://t.co/5plHhrPgkp pic.twitter.com/KFwWJwo7Ht — Crypto XEGA – كريبتو زيجا (@CryptoXega) April 21, 2020 It has been repor