Christie’s Auction House Announces Sale Of A Digital Portrait Of Bitcoin Code For More Than $130,000
Christie’s Auction House Announces Sale Of A Digital Portrait Of Bitcoin Code For More Than $130,000
October 10, 2020
Christie’s Auction House Announces Sale Of A Digital Portrait Of Bitcoin Code For More Than $130,000
Christie’s Auction House Announces Sale Of A Digital Portrait Of Bitcoin Code For More Than $130,000
October 10, 2020

Christie’s auction house has announced the sale of a digital portrait of the Bitcoin code for more than $130,000, as it marks the first time a non-fungible token (NFT) was auctioned at a major auction house, and the price exceeded expectations.

It has been reported that an unknown buyer purchased “Block 21,” comprised of a physical piece of art and an NFT representing Satoshi Nakamoto for $131,250 at Christie’s on October 7 as part of its “Post-War and Contemporary Day Auction.” Bidding started at $22,000.

However, the artwork, created by Ben Gentilli with the Robert Alice project, is one of 40 creations in a series and holds exactly 322,048 digits of Satoshi’s original Bitcoin code.

The series, titled “Portraits of a Mind,” shows the cryptocurrency’s 12.3 million digits of original code individually engraved and painted on 40 different circular panels stretching more than 50 meters in length.

ALSO READ :  Crypto Gaming Company “Bling” Reports Increasing Number Of People Using Its Products During COVID-19 Pandemic

Likewise, Christie’s auction was for just one of the paintings in the series, “Block 21,” whose name references the scarcity of Bitcoin is capped at 21 million coins.

Changpeng Zhao (CZ), the CEO and founder of Binance and Matthew Rozsak, the Chairman of Bloq, have also purchased pieces from Portraits of a Mind.

The Robert Alice website stated:

“The work is a symbolic expression of Satoshi’s vision, forged out of the very code that lies at the genesis of it all. Portraits of a Mind explores the multi-faceted identities of Satoshi Nakamoto, in turn reflecting on the nature of both identity and portraiture in a newly decentralized age.”

Thus, the most expensive piece of digital art sold at auction was Matt Kane’s NFT “Right Place & Right Time,” based on Bitcoin’s fluctuating price, which sold for $101,593 in September. 

ALSO READ :  Alternative Airlines Partners With Utrust, Allows Customers To Book Flights With Cryptos

Source: Cointelegraph | Image: Architectural Digest


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!