Arts
2,113 Hypes 1 Comments

'Andy Warhol: Machine Made' NFT Collection Raises $3.38M USD at Christie's Sale

Five unique NFTs from his floppy disks in 1985, which were restored and preserved in 2014.

Following the recent auction of CryptoPunks NFT Portraits, Christie’s links up with The Andy Warhol Foundation for another monumental sale of five unique NFTs from the ‘Andy Warhol: Machine Made’ collection that garnered a total of $3,377,500 USD.

Andy Warhol not only dominated the physical art world but is now riding the digital wave. The Andy Warhol Foundation minted five distinct NFTs from restored and preserved files of his 1985 artworks, such as the “Amiga”, which were restored from floppy disks in 2014. No other NFTs will be minted from these files.

Net proceeds will be used to support the annual funding of The Andy Warhol Museum as well as the foundation’s efforts in supporting artists throughout America.

Starting the bid at $10,000 USD per artwork, each NFT sale was extended multiple times to serve over 200 bids in the last 24 hours of the bidding. The auction captivated a global audience with three successful bidders in the U.S., one in Europe and one in Asia.

“We are grateful for this opportunity to work with Christie’s on making a significant contribution to the Foundation’s ongoing efforts to support artists,” commented Michael Dayton Hermann, Director of Licensing, Marketing, and Sales at The Andy Warhol Foundation. “Warhol’s innovative vision and practice continues to enable the Foundation’s unwavering commitment to artists by supporting small, community-oriented spaces, major museums, and everything in between.”

Elsewhere in art, Daniel Arsham presents “Drawings” of ancient sculptures for Perrotin Viewing Salon.

Read Full Article

What to Read Next

Daniel Arsham Presents "Drawings" of Ancient Sculptures for Perrotin Viewing Salon
Arts

Daniel Arsham Presents "Drawings" of Ancient Sculptures for Perrotin Viewing Salon

To celebrate the publication of No More Rulers’ ‘Arsham-isms’ book.

Elon Musk Calls on Artists to Share "Awesome Graffiti" to Cover Tesla’s Gigafactory
Arts

Elon Musk Calls on Artists to Share "Awesome Graffiti" to Cover Tesla’s Gigafactory

Popular suggestions include Doge art.

Compound Gallery Spotlights "The Art of Culture" in Virtual Exhibition and NFTS
Arts

Compound Gallery Spotlights "The Art of Culture" in Virtual Exhibition and NFTS

Proceeds to benefit the Black Artist Fund.


Isamu Noguchi Retrospective to Open in London This Year
Arts

Isamu Noguchi Retrospective to Open in London This Year

Telling the story of his six-decade career.

AOF and Mitre Link for Art-Infused Football Capsule
Arts

AOF and Mitre Link for Art-Infused Football Capsule

Inspired by the works of Matisse and Keith Haring.

Louvre Names Laurence des Cars as New President
Arts

Louvre Names Laurence des Cars as New President

The first female director in the museum’s 228-year history.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.