An online only auction at Christie’s is due to end in just two days time. Not only is the event online due to Covid, restrictions but also because the lot itself is a collection of digital images.
The highest bidder will receive a token containing metadata about the images, made by digital artist Beeple.
Currently the highest bid is the equivalent of almost $10,000,000 dollars. I spoke to crypto compliance lawyer William O’Rorke and digital artist Joanie Lemercier about non-fungible tokens, or NFTs, and a hidden cost others may not have factored in.