Sotheby's to Launch Major Sale of NFTs by Leading Digital ArtistsThe only existing masked ‘Alien’ Cryptopunk, the first NFT minted and more.
This past April, Sotheby’s sold over $16 million USD worth of NFT artworks from its first-ever crypto sale of works by the digital artist named Pak. The auction house is now gearing up to launch its second curated auction of NFTs as part of a group survey called “Natively Digital: A Curated NFT Sale.” The installment will feature some of the most prized digital art pieces made throughout the seven-year history of the medium.
Highlights in the forthcoming sale include Kevin McCoy’s Quantum — the first NFT ever minted, the only existing masked Alien Cryptopunk by Larva Labs, and The Shell Record by generative artist, Anna Ridler. Sotheby’s will announce other participating NFT artists and artworks leading up to the sale which will run from June 3-10. Bidding for all works in “Natively Digital” will start at $100 USD.
Sotheby’s will donate a portion of the proceeds from the auction to the Sevens Foundation — a nonprofit that is spearheading various NFT initiatives for budding digital artists and youth. Moreover, participating artists from “Natively Digital” will donate a portion of their profits to charitable organizations supporting crypto artists, such as the Mint Fund, a resource for artists outside of the United States and Europe to offset the costs associated with creating NFT art. Sotheby’s will also team up with Regen Network, a blockchain based carbon offset platform, to offset the minting and transaction costs of the sale.
Check out select works in the slideshow above and then head to Sotheby’s website for more information.