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A digital artist known for his satirical paintings is breaking sales records, making over $10 million on 2 crytpo-art pieces

A digital artist known for his satirical paintings is breaking sales records, making over $10 million on 2 crytpo-art pieces

"Everydays: The First 5000 Days" by Beeple is up for auction on Christies' website
Christies




Beeple's art is set to generate over $10 million on two digital art pieces.




One buyer flipped his piece for nearly 1,000 times its original value.




A historic auction house is selling its first NFT for Beeple.




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Digital artist Mike Winkelmann - known online as Beeple - has broken crypto-art records. His art is poised to bring in over $10 million on two digital art pieces.In February, Winkelmann's piece "Crossroad," sold for $6.6 million in the highest crypto art sale to date. This week, Beeple is poised for another big sale, after putting his "Everydays: The First 5000 Days" collection on Christie's in February.The auction, which will run till March 11, has already hit $3.5 million and represents the first digital art sale for Christie's - an auction house that was founded in 1766. The historic auction house will also be making its first foray into cryptocurrencies with the sale by accepting Ether for Winkelmann's piece.Winkelmann's piece is a non-fungible tokens (NFT). NFTs operate as a new type of digital asset. The digital tokens have rapidly gained popularity during the pandemic, as brands like the NBA and Nike got in on the trend and artists like Grimes sold art collections for nearly $6 million in under 20 minutes.
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