Digital artwork Everydays: The First 5000 Days sold for an incredible US$69 million (S$92.93 million), but was only listed by Christie’s for US$1,000 (S$1,347) – was it all a stunt?
When Christie’s sold one of the most expensive artworks of all time by a living artist for US$69.3 million (S$92.93 million), many could not believe the outcome – including, apparently, the artist who created it and the auction house that sold it.
Beeple’s Everydays: The First 5000 Days, a virtual collection of 5,000 images, was listed at just US$1,000 (S$1,347) for the initial bid. Never before has a piece of art exploded in value by nearly 7,000 times in a matter of minutes – a sure sign that no one reckoned with the value of the lot going under the hammer.