African Digital Media Company Set to Hold NFT Auction Featuring Artwork by Ke...
A Kenya-based digital media company, Picha Images, is reportedly set to hold one of the first non-fungible token (NFT) auctions in Africa. The auction event, which is set to be held between April 26 through May 3, 2021, will initially feature the works of Rich Allela, the award-winning photographer and filmmaker from Kenya. Perpetual Royalties According to a report, in return for purchasing the NFTs, the buyers will get a “hacker-resistant proof of ownership of a digital piece of art.” Inversely, the NFTs give artists, who have been getting “a raw deal,” a chance to....
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The addition of auction formats should make buying and selling digital artwork easier, more fun and more profitable. Digital art trading platform SuperRare has launched two different timed auction formats, to complement its existing fixed-price and open-offers sales.Early-access began on Dec. 7, with a number of special auctions featuring works by well-known digital artists being run to celebrate SuperRare Auction Week.Full public access to the auction features will become available on Dec. 14.The two new formats are Scheduled Auctions and Reserve Auctions, which are carried out fully....
Christie’s to auction its first purely digital work by Mike “Beeple” Winkelmann through an NFT marketplace. British auction house Christie’s has announced the auction of its first ever “purely digital work of art." Announcing the news Tuesday, Christie’s said that the NFT artwork will be issued in partnership with major NFT marketplace, MakersPlace. Dubbed “Everydays - The First 5000 Days,” the piece was created by Mike Winkelmann, who goes by the name Beeple.According to the official page of the NFT auction, the starting price for the work, which interested parties can bid on from Feb. 25....
A South African non-fungible token (NFT) marketplace, Momint has officially launched following the end of the two-week trial phase which saw the artwork of former rugby player Bryan Habana fetch over $10,000. More than 800 people from 25 countries took part in the auction. The Momint marketplace, which has been developed as a social media app similar to Instagram, is backed by investor Rob Hersov and has a “pre-seed funding reportedly valuing the company at over $2 million.” According to a report, Momint combines an NFT marketplace with the functionality of a social media....
Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million. Major auction house Sotheby’s has completed its cryptocurrency-enabled auction offering Banksy’s iconic protest artwork “Love is in the Air.”According to the auction results, Sotheby’s sold the physical artwork on Wednesday for $12.9 million, significantly up from from originally estimated of $3 million to $5 million. The physical artwork was offered at a Contemporary Art Evening Auction that also featured “Versus Medici” by Jean-Michel Basquiat selling for nearly $51 million.Sotheby’s announced on....
Auction house Sotheby’s plans to auction a rare artwork created by Muhammad Ali in the form of an NFT on Friday. Sotheby’s To Auction Rare Muhammad Ali Art Depicting The 1971 “Fight Of The Century” Sotheby’s and Muhammad Ali Enterprises plan to reveal the non-fungible token on 23 July. The oganizations will display and auction […]