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Beeple NFT to Be Auctioned by Christie's

Christie's is partnering with digital marketplace MakersPlace to auction the work of a renowned crypto artist.

Updated Sep 14, 2021, 12:12 p.m. Published Feb 16, 2021, 7:54 p.m.

Christie's is getting in on nonfungible tokens (NFTs).

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The 255-year-old auction house is partnering with digital marketplace MakersPlace to sell works from Mike "Beeple" Winkelmann, a digital artist who made $3.5 million in NFT auctions late last year.
NFTs enable collectors and artists to guarantee the provenance of artwork, verifying its authenticity and ownership securely on the blockchain.
The Beeple work being auctioned by Christie's is a collage of the thousands of pieces of art he has posted online since 2007.
"EVERYDAYS: THE FIRST 5000 DAYS" will be delivered directly to the buyer with a unique NFT encrypted with Beeple's signature.
The work will be auctioned in a standalone lot online for two weeks from Feb. 25 and is the first entirely digital artwork to be offered by a traditional auction house.