Founder and financer of NFT fund Metapurse Metakovan bought popular digital artist Beeple's 5,000-day collection for nearly $70 million dollars, British auction house Christie's announced Friday.
The sale, hosted by British auction house Christie's, received a total of 353 bids. According to the auction house, 22 million people tuned in for the sale, which ended yesterday.
"When you think of high-valued NFTs, this one is going to be pretty hard to beat. And here's why - it represents 13 years of everyday work. Techniques are replicable and skill is surpassable, but the only thing you can't hack digitally is time," Metakovan said in the announcement. "This is the crown jewel, the most valuable piece of art for this generation. It is worth $1 billion.”
The collection of 5,000 pieces titled Everydays: The First 5000 Days has been called "one of the most unique bodies of work to emerge in the history of digital art."
To create the collection, Beeple produced a new work of art every single day for 14 years, starting in May 2007. The auction, the result of a partnership between Christie's and NFT marketplace MakersPlace, marks the first time non-fungible token (NFT) art has been sold at an auction house.