The famous auction house Sotheby’s will hold the Digital Art Day Auction from August 15th to 22nd, which is an important event dedicated to the auction of NFTs.
The week-long auction highlights the intersection of art and technology, providing collectors with the opportunity to acquire unique digital artworks that are shaping the future of the art market.
Designed to appeal to both novice and experienced collectors, the sale presents a diverse range of digital art forms, reflects the various movements in contemporary digital art, and pays homage to pioneering female artists who have played a key role in the development of digital art.
Source: Sotheby’sCryptoPunk #491 One of the featured lots
One of the most eye-catching pieces in the sale is CryptoPunk #491 by Larva Labs.
Launched in 2017, CryptoPunks is considered one of the earliest and most influential NFT projects, with each of its 10,000 unique characters algorithmically generated and stored on the Ethereum blockchain.
CryptoPunk #491, a digital character from the series, is currently up for auction with an estimate of $70,000 to $100,000. As of this writing, bidding has reached $48,000.
The sale follows previous high-profile sales of CryptoPunks, including the famous CryptoPunk #7523, which sold for $11.8 million at a 2021 Sotheby’s auction.
Source: Sotheby’sBeeple’s continuing impact on the digital art world
Another highlight of the auction was the work of digital artist Beeple, who gained widespread recognition for his NFT “Everydays: The First 5000 Days”, which sold in 2021 for a record-breaking price of $69.3 million.
“MOTHER OF EVOLUTION”, Beeple’s latest collaboration with Madonna, is a highlight of this auction. Bidding on the work has reached $70,000, with an expected price between $80,000 and $120,000.
Beeple’s contributions to digital art have been transformative, often exploring themes at the intersection of technology and creativity, making him a central figure in the ongoing revolution in digital art.
Source: Sotheby’sExplore generative art and celebrate female innovators
The Digital Art Day Sale also places a strong emphasis on generative art – a field that combines artistic expression with algorithmic processes.
Works by artists such as Tyler Hobbs, including “Fidenza #795” and “Fidenza #859,” appeared at auction, demonstrating the innovative potential of generative art.
Additionally, the sale honors the contributions of female pioneers in the field of digital art. Artists who have been influential in the field of digital art, like Vera Molnar, are highlighted, celebrating their impact on the industry and their role in driving digital creativity.
