NFT artwork auctioned off for an unbelievable $69.3 million

If you paid $69.3 million for a piece of art, you'd expect it to be an original that you could hang above your fireplace and gaze adoringly at, right? Thanks to the modern world's tendency to throw up unfathomable curveballs, you could now be wrong. Actually, that incredible sum of almost $70 million has just been spent on a 'non-fungible token' (NFT), which (in this case) is essentially a piece of digital art presented as a JPG file. Wow.

Auction house Christie's received over 180 bids for its first completely digital NFT, Beeple's Everydays – The First 5000 Days (below). with the majority of the bids dramatically pouring in during the final few seconds. Hearing this, you may feel immediately inspired to create your own using the best digital art software, but it's likely you're a bit lost as to what the heck is actually going on here. (To demystify the situation, we created this guide to NFTs, so be sure to check it out)

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Georgia Coggan
Editor

Georgia has worked on Creative Bloq since 2018, and has been the site's Editor since 2023. With a specialism in branding and design, Georgia is also Programme Director of CB's award scheme – the Brand Impact Awards. As well as immersing herself with the industry through attending events like Adobe Max and the D&AD Awards and steering the site's content streams, Georgia has an eye on new commercial opportunities and ensuring they reflect the needs and interests of creatives.