An investor bid $777,777 yesterday on a collection of digital artβwhich includes pieces inspired by technology, Star Wars and natureβduring a Nifty Gateway auction.
And there wasnβt a second to spare.
βThis savage just bid $777,777 with literally one second left,β the Nifty Gateway team tweeted.
THIS SAVAGE JUST BID $777,777 WITH LITERALLY 1 SECOND LEFT
The auction itself saw two investors going head to head for the collection of artwork, named βThe Complete MF Collection.β Both Tim Kangβwho goes by the pseudonym βIllestraterββand another investor by the pseudonym of βMetakovanβ were locked in a competitive bidding war with prices starting at $200,000.
Inevitably, these bids had come to a head, with Kang and Metakovan bidding $377,777 and $380,000 respectively. Then, at the last second, Kang issued his successful bid of $777,777.
The collection includes 20 pieces of art. In one creation depicting a retro Game Boy under construction, the artist said, βThe speed of technology is fucking insane, thinking about the leap in capability of the Game Boy from just twenty five years ago to the iPhone 12 Pro Max. Now take that out another 25 years.βΒ
The artist said he βhad so much fucking funβ creating the content.Β
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Beepleβs collection also includes a physical token that can be registered on the artistβs website. The token, according to Beeple, is an interface-free physical artifact of the non-fungible token (NFT), which also features a signed titanium backplate with hidden authenticating markers.Β
Tommy Kimmelman, head of artist relations at Nifty Gateway, told Decrypt that this sale might not be the last of its kind. βThe NFT space has been on a meteoric rise over the last year and we viewed a sale like this as inevitable. It may have been one of the firsts of its kind, but it certainly won't be the last,β Kimmelman said.
In total, Beeple has brought in more than $3.5 million in sales of digital art over the weekendβa staggering amount, and a clear endorsement of the potential success that can be found in this industry.Β
βThis brings the total primary market sales from Beepleβs collection to over $3.5,000,000+,β the Nifty Gateway team tweeted today, adding, βCongratulations to the legend Beeple.β
Beeple posted a celebratory video on Twitter following the successful auction.
Whatβs more, his talents have been praised by others in the NFT space. One Twitter user, Pablo, said, βThe new era has begun #beeplecollect.β
Kang said Beeple βdesigned a comprehensible item drop with precise attention to detail across the physical and digital spectrum at a caliber unmatched,β adding, βHis consistent work ethic, creative understanding and divine timing landmarked history for art and crypto.β