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The sale capped two weeks of frenzied online bidding and ushers in a new era in collectibles, where prices for blockchain-based digital images now rival prices paid for Picassos and Monets. While the future of NFT prices and their longer-term role in the art world remains an open question, and many see it as a speculative fad, the eight-figure price for the Beeple has caused the art world to suddenly take notice.
“At this point, especially after today’s Christie’s sale, it’s not a question of whether NFTs will have an impact on the so-called traditional art market, but to what degree its impact will be felt,” said Andrew Goldstein, editor-in-chief of Artnet News. He added that the price is a sign that a new group of technology-enabled collectors can “destabilize the establishment in attention-grabbing ways.”
https://www.cnbc.com/2021/03/11/most-expensive-nft-ever-sold-auctions-for-over-60-million.html
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