Billionaire Mark Cuban takes advantage of the NFT craze and is creating an online gallery for people to display their digital art
A JPG file from Mike Winkelmann, the digital artist named Beeple, recently sold for nearly $ 70 million in an online auction at Christie’s – up from a starting price of $ 100. It dwarfed the prices of some of the world’s most famous painters for physical works of art and put the spotlight on the non-fungible token (NFT) market.
NFTs are provided with a unique code that identifies their authenticity and is stored in a blockchain, the distributed ledger system on which the cryptocurrencies are based.
Sales of NFTs have exploded in recent weeks as artists sell their art for millions and challenge entrenched hierarchies of a global art market traditionally controlled by dealers, galleries, and museums. Hot sales included a clip from LeBron James blocking a shot in a Los Angeles Lakers basketball game that cost $ 100,000 and the first tweet from Twitter CEO Jack Dorsey, which was NFT for $ 2.9 million Dollar was sold. And the market is heating up right now.
A gallery for NFT collectors
Billionaire entrepreneur Mark Cuban announced plans to build a new online gallery to display NFTs in all forms.
“I wanted an easy way to view my NFTs and paste them into my social bios, email signature, and anywhere I could paste a URL,” said the owner of Dallas Mavericks, explaining that people are curious about what other people are doing collect.
The website, which is still in beta format, is live and, according to Cuban, has already had tens of thousands of visitors in the first few days. Users can sign in with an email address and add their MetaMask wallet. Once you have created a unique URL, you can share your NFT collection on various social networks or via email and SMS.
From rare Pokemon cards to blank frames, bizarre artwork made for milli …
Banana + tape = magic!
A work of art called “Comedian” by Italian artist Maurizio Cattelan that recently sold for a whopping US $ 121,000 (about Rs. 86.07 lakhs) has become the talk of the town.
To everyone’s surprise, the work of art was just a banana held against the wall with tape. The rather enigmatic work of art that sold for such a large amount left internet users scratching their heads in amazement. Things took a rather dramatic turn when performance artist David Datuna finally took the banana off the wall and ate it while the artwork was on display in the Perrotin international gallery at Art Basel in Miami.
The banana tape ensemble isn’t the only quirky piece of art that has made massive money, however. Several ridiculous and strange works of art have sold for millions of dollars in the past decade. Here are a few of them.
No more red flags
It is a popular saying that if you look at the world through rose-colored glasses, you may be missing out on some red flags. Gerhard Richter, a German visual artist, created a unique work of art that was essentially a mirror painted red.
In October 2012, Richter’s Abstract Painting fetched a record auction price for a painting by a living artist for £ 21 million ($ 34 million, approximately Rs 3.4 million). This was surpassed in May 2013 when his 1968 work, Cathedral Square, Milan, sold in New York for $ 37.1 million (£ 24.4 million).
Seems like Richter wanted to paint the city red!
Get them all!
Pokemon is the global phenomenon that has taken the world by storm, and over the past decade, several people have enjoyed collecting Pokemon cards and tazos. However, there was one coveted, sought-after card that sold for $ 224,500 (about Rs.1.59 billion), according to gaming news site Kotaku.
What is special about the menu, you ask? The card was special because it was given out as a prize in the competitions in 1998. Only 39 of these cards were made, which makes them very rare.
Home Sweet Home?
Being away from home for long periods of time can be quite scary. To cure us of overwhelming homesickness, the British artist Tracey Emin created a work of art called “My Bed” in 1998.
‘My bed’ consisted of Emin’s bed full of dirty sheets stained with body secretions, condoms, panties with menstrual blood stains and everyday items like slippers. ‘My Bed’ was bought by Charles Saatchi for £ 150,000 and featured as part of the first exhibition when the Saatchi Gallery opened its new premises in County Hall, London.
Art or feces?
Anyone who thinks that bizarre works of modern art are a rarity in the 20th century is wrong. In 1961, the Italian artist Piero Manzoni created a work of art that raised a few eyebrows. Called “Artist’s Shit”, the work of art by Manzoni consists of 90 tin cans filled with faeces.
Each can weighs about 30 grams. The most bizarre and confusing fact about ‘Artist’s Shit’ is that a single can of the ‘work of art’ sold for € 124,000 (approx. 2007.
Another can was sold for £ 97,250 (approx Rs. 91.12 lakhs) in October 2008. Needless to say, buyers spent a huge sum on … uh … a piece of crap.