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The Death of XCOPY Money (Sorry Anon) Courtesy of Bonhams
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Bonhams has become the latest auction house to jump on the non-fungible token (NFT) bandwagon by offering a selection of digital artwork curated in collaboration with SuperRare, a leading digital art platform.
The online auction, which runs June 21-30, will feature works from a group of pioneers in the crypto art world, including California-based Coldie, one of the highest-paid crypto artists at this day ; London-based XCOPY, who is best known for his exploration of death, dystopia and apathy through distorted visual loops; and Frenchman Alotta Money, known for his visual desecration of old masters and classical works of art.
Other digital artists featured in this sale, titled CryptOGs: The Pioneers of NFT Art, include Matt Kane, Osinachi, Sarah Zucker, Mattia Cuttini, Miss Al Simpson, and Janne Limited.
These artists have had a lasting impact on the digital art landscape and will go down in art history as pioneers in the field, said Nima Sagharchi, head of digital art at Bonhams, in a statement. . Bonhams has a tradition of recontextualizing under-examined art movements and, as this is the first time that NFTs will be presented in an organized format as part of a historical evaluation of the movement, it will certainly be an exciting and landmark sale.
While all of the artwork offered for sale has been valued in dollars, Bonhams will also accept payment in Ethereum for this auction.
The sale will be highlighted by Coldie’s Proof Of WorkGenesis, whose presale estimate is between US $ 70,000 and US $ 100,000. The artwork is a cover of one of the very first Artist Tokens of 2018, the original was burned in 2019 and it was minted again in 2021, according to Bonhams.
The work draws on parallels between the 19th-century California Gold Rush and the current frenzy for crypto mining.
“This SuperRare OG auction is a celebration of the pioneers who helped pave the way for the artists who would come after, and for all of us who let our monster flag fly,” Coldie said in a statement via Bonhams. .
Coldie’s proof of work courtesy of Bonhams
XCOPY’s The Death of Cash (Sorry Anon) will be offered with an estimate of between $ 150,000 and $ 200,000, without reservation. The work is a playful take on the expected decline of Fiat currency, a government-issued currency that is not backed by a commodity such as gold.
XCOPY was the second artist to be created on the SuperRare platform, and his work, Death Dip, sold for 1,000 ETH (roughly US $ 2.5 million in current value) in March, selling the most highest for the platform since its inception in 2017.
Additionally, Pauline at the Mall by Money will be offered for an estimate of US $ 40,000 and US $ 60,000.
SuperRare is one of the leading organized digital art platforms, behind Nifty Gateway with a market share of around 13.8%, according to data from Cryptoart.io. Major global auction houses, including Christies, Sothebys and Phillips, have already ventured into the NFT Art Auction. Christies’ sale of Beeples Everydays: The First 5000 Days by Christies for US $ 69 million in March is widely seen as a turning point in crypto art.
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