Beeple Artwork 'TIME The Future of Business' Sold For Over $320,000 USD

The special magazine cover pays homage to the artist’s creative process.

NFT
5,942 Hypes 4 Comments

Beeple, the pseudonym used by digital artist Mike Winkelmann, created a special cover for TIME Magazine’s May 10th/17th 2021 issue that just sold for 126.5 ether, roughly equivalent to $320,000 USD.

The NFT was first listed on SuperRare, a digital art marketplace that runs on the ethereum blockchain, earlier this week. D.W. Pine, the Creative Director of TIME, explained the piece’s significance in a description under the artwork:

“For our May 10th/17th 2021 issue, [Beeple] wanted to take our readers inside his ‘canvas’ to depict the stratospheric acceleration of the digitization of our world by creating an image that focused on his artistic process,” he said. “The cover image depicts his actual computer interface mid-design, complete with a wireframe render of a figure interacting on the left and a more complete version on right. He created this digital world using Cinema 4D and OctaneRender software that is powered by nearly a dozen Nvidia graphics cards.”

Beeple said his piece reflected the changing nature of digital art:

“People have been creating digital artwork for the last 20 years and it has just as much craft, message, intent, as anything made on a canvas and has just as much ability to affect people emotionally and intellectually,” he said. “It has been exciting through NFT’s to see people start to realize the value of this type of work and I think we’re just at the beginning of the next chapter of art history.”

The winning bidder was a user by the name of Hanrgb, who, in addition to purchasing the first NFT minted by Beeple himself, also received a physical digital display with a custom red border — a shoutout to TIME Magazine’s distinctive styling.

The crypto collector praised the work on Twitter, writing: “I am happy to spend most of my earnings I have saved as an artist to this ‘meaningful & historical piece’ by Beeple x Time.”

Beeple recently gained media attention in March after Christie’s auctioned off his NFT artwork titled The First 5,000 Days, which fetched a record-breaking $69.3 million USD.

Read Full Article

What to Read Next

Vitalik Buterin Covers First-Ever NFT Issue of 'TIME Magazine'
NFT

Vitalik Buterin Covers First-Ever NFT Issue of 'TIME Magazine'

The Ethereum co-founder is named “The Prince of Crypto.”

Listings: 'The Conjuring' House Has Sold for $1,525,000 USD.
Design

Listings: 'The Conjuring' House Has Sold for $1,525,000 USD.

27% over the asking price.

YouTuber Uncovers Rare Lost Pokémon Card That Sold for Over $130,000 USD
Gaming

YouTuber Uncovers Rare Lost Pokémon Card That Sold for Over $130,000 USD

The Snap Magikarp card has appeared for the first time in 23 years.


Sealed VHS Copy of 'Back to the Future' Sells For $75,000 USD At Auction
Entertainment

Sealed VHS Copy of 'Back to the Future' Sells For $75,000 USD At Auction

The video tape was consigned by one of the original cast members.

VF Corp Expects $600 Million USD Revenue Contribution From Supreme in 2022
Fashion 

VF Corp Expects $600 Million USD Revenue Contribution From Supreme in 2022

The fashion conglomerate posted its initial fiscal 2022 outlook.

New Balance 57/40 Appears in Boisterous "Carnival/Byzantine Gold" and "Varsity Green/Team Gold" Colorways
Footwear

New Balance 57/40 Appears in Boisterous "Carnival/Byzantine Gold" and "Varsity Green/Team Gold" Colorways

Each pair boasts a wild array of tones, textures and materials.

Travis Kelce and Nike Drop Expansive Blazer Mid '77 Vintage By You Collection
Footwear

Travis Kelce and Nike Drop Expansive Blazer Mid '77 Vintage By You Collection

Six shoes in total, inspired by the All-Pro tight end’s Kansas City Chiefs, his clothing brand, his high school and more.

Polo G and Lil Wayne Drop Electrifying Music Video for 'GANG GANG'
Music

Polo G and Lil Wayne Drop Electrifying Music Video for 'GANG GANG'

The duo rap inside a packed diner and outside a late-night house party.

Reebok's eightyone Series Introduces the Instapump Fury "Superb Blue"
Footwear

Reebok's eightyone Series Introduces the Instapump Fury "Superb Blue"

Another clean take from Kohei Okita’s lineage with the vector brand.


Michelob ULTRA Organic Seltzer Built a Bar Inside a Sand Bunker at HYPEGOLF Miami
Food & Beverage 

Michelob ULTRA Organic Seltzer Built a Bar Inside a Sand Bunker at HYPEGOLF Miami

Presented by Michelob ULTRA Organic Seltzer
Giving hole 13’s infuriating sand trap a refreshing twist.

AKILA and Chemist Creations Reveal Its “Vacation, Anytime, Anywhere” Sunglasses Collection
Fashion

AKILA and Chemist Creations Reveal Its “Vacation, Anytime, Anywhere” Sunglasses Collection

Two Summer-ready styles are dropping in clear and black colorways.

Hiking Footwear For Your Everyday Jaunts
Footwear 

Hiking Footwear For Your Everyday Jaunts

No more blisters for you.

Coutié Upgrades the Vans Style 73 with Custom "Ideas That Connect" Graphics
Footwear

Coutié Upgrades the Vans Style 73 with Custom "Ideas That Connect" Graphics

The German outfit brings its signature flair to an under-the-radar model.

Nas, LL Cool J, Fat Joe and More Break Ground With the Universal Hip Hop Museum in the Bronx
Music

Nas, LL Cool J, Fat Joe and More Break Ground With the Universal Hip Hop Museum in the Bronx

Celebrating nearly 50 years of the genre that once reset culture.

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.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.