Beeple’s $ 28.9 Million NFT Sculpture Sold to Swiss Crypto Businessman | Auction news | THE VALUE


The 40 lots offered by Christie’s New York were sold in their 21st Century Evening Sale on November 9. The international auction house made a white glove sale totaling $ 219.2 million.

The dynamic video sculpture by American digital artist Beeple, Human, was sold for US $ 28.9 million with a buy-in premium. It became the second most expensive NFT art of all time, after Beeple’s JPG work called Daily: the first 5,000 days. The buyer of Human was Ryan Zurrer, a successful Swiss crypto businessman.

Alongside Beeple’s works, the second most expensive lot was from British figurative artist Peter Doig. flooded painting, while that of Basquiat The guilt of the golden teeth the painting was the most valuable lot in the sale. Both have been sold for over US $ 35 million.

Lot 7A | Beeple | Human, Kinetic video sculpture – four video screens (16k resolution), polished aluminum metal, mahogany wood frame, dual media servers; endless video with the corresponding non-fungible dynamic token

Created in 2021
Struck on October 28, 2021
220.1 x 121.9 x 121.9 cm
Origin:

Wallet address: 0xc6b0562605D35eE710138402B878ffe6F2E23807

Estimate on request (expected to bring in US $ 15 million)

Hammer price: 25,000,000 USD

Sold: 28,985,000 USD

This work by Beeple was valued at over US $ 15 million before the auction. The auction started at US $ 12 million, attracting offers from collectors over the phone with specialists in New York and Hong Kong.

When the auction reached US $ 16 million, a Swiss online bidder joined and offered US $ 17 million. The offer price then increased by US $ 1 million. The call for tenders was finally put in competition between two bidders one from the auction house and one online bidder from Switzerland. After three minutes of auctioning, the auctioneer dropped the hammer to US $ 25 million $ 10 million more than expected. The Swiss buyer won the auction and the digital artwork sold for US $ 28.9 million with the buyer’s premium. It has become the third most expensive lot on sale.

After the auction, Ryan Zurrer revealed on Twitter that he bought A human. He wrote: “Secured the ONE. Thank you @beeple for the visionary innovation, amazing new energy and hilarious positive vibes you have brought to both crypto and art.”

Zurrer is the founder of Dialectic AG, a Swiss capital firm focused on providing alternative assets.

Ryan Zurrer tweeted that he bought Human

Ryan zurrer

Beeple took the art world by storm earlier in March. His creation of digital art, Daily: the first 5,000 days, was sold for a record price of US $ 69.3 million. With this sale, Beeple has become the third most expensive living artist.

The American digital artist then returned with his latest creation, Human. Standing over two meters tall about the size of a telephone booth, it combines both physical and digital forms.

In this dynamic video sculpture, screens on all four sides rotate slowly and continuously broadcast images of an astronaut walking through an imaginary world. The backgrounds are constantly changing – showing images and images stored in the Ethereum blockchain. The artist intends to change the imagery that covers the four walls of the sculpture throughout his life.


Lot 9A | Pierre Doig | Flooded, Oil on canvas

Established in 1990
197x241cm
Provenance (modified by the value):

  • Private collection, London, acquired directly from the artist, 1990
  • Anon. to sell; Sotheby’s, London, February 7, 2002, Lot 4 (Sold for US $ 455,400)
  • Private collection, Europe
  • Anon. to sell; Christie’s, New York, May 11, 2015, Lot 5A (Sold for $ 25.9 million)
  • Acquired at the above sale by the current owner

Estimate on request (expected to reach $ 35 million)

Hammer price: 34,500,000 USD

Sold: 39,862,500 USD

The last time Doig’s painting appeared at auction was in 2015, when it was sold in New York City for US $ 25.9 million – the British artist’s auction record at the era. In that sale, Doig’s painting was sold for US $ 39.8 million. This lot set a new auction record, with an increase of almost US $ 14 million.

Painted in 1990, it depicts a moonlit lagoon, with a white canoe suspended over its kaleidoscopic waters. A small wooden dwelling quivers silently amid rows of tall trees on the shore, while a ghostly figure slumbers in the boat’s hull, one arm dragging across the lake.

Based on a still from the 1980 cult horror film Friday 13, the painting fuses accents of romance, nostalgia and foreboding with echoes of art history, sparkles of the artist’s own memories and abstract pictorial techniques. Pigment, color, shape, texture and narrative are held in a spellbinding flow, each in balance, like the canoe between reality and its reflection.


Lot 19A | Jean-Michel Basquiat | The guilt of golden teeth, acrylic, spray paint and oil stick on canvas

Established in 1982
240 x 421.3 cm
Provenance (modified by the value):

  • Bruno Bischofberger Gallery, Zurich
  • Thomas Gallery, Munich
  • Private collection, Europe
  • Anon. to sell; Sotheby’s, New York, May 14, 1998, Lot 45 (sold for US $ 387,500)
  • Acquired at the above sale by the current owner

Estimate: $ 40,000,000 – $ 80,000,000

Hammer price: 37,000,000 USD

Sold: 40,000,000 USD

The most expensive lot in the sale was the large painting by Basquiat, The guilt of the golden teeth. It reappeared at auction after 23 years, and sold for US $ 40 million with buyer’s premium.

The tender started at US $ 26 million. After five offers, the hammer fell to $ 37 million, down $ 3 million from its low estimate. The winning auction was made by the chairman of Christie’s 20th and 21st century art departments, Alex Rotter, for his client with the paddle number 1893. It was sold for US $ 40 million, with the bonus of the buyer.

Alex Rotter (middle)

Painted in 1982, a pivotal year in the artist’s career, the painting by Jean-Michel Basquiat The guilt of the golden teeth is filled with cryptic words, signs and numbers. Basquiat carefully balanced color and form by combining shifting fields of rich pigment with spray-painted graffiti to produce one of his most intriguing and dramatic canvases. With strong visual references to his Haitian heritage, this work is one of a group of works painted by Basquiat during a trip to Modena, Italy, in 1982.

Measuring four meters wide and two meters high, it is one of the largest paintings that Basquiat created in 1982. The artist has organized pictorial layers of personal experience, cultural memories and his life in New York, to produce a vibrant canvas.

Against a background of warm tones of tangerine and blue, Basquiat presents to the public the figure of Baron Samedi. As Master of the Dead, Saturday is an important figure in Haitian voodoo, where his top hat, painted face and dark frock coat make him an imposing protagonist.


Emerging artists:

Paints by emerging artists have been repeatedly hammered by their low ratings, including Nicolas Party, Hilary Pecis, and Xinyi Cheng.

Lot 3A | Nicolas Day | Landscape, Pastel on linen canvas

Created in 2021
109.2 x 91.4 cm
Origin:

Estimate: $ 300,000 500,000

Hammer price: $ 2,700,000

Sold for $ 3,270,000

Lot 2A | Hilary Pecis | Interior upstairs, Acrylic on canvas

Created in 2019
111.8 x 81.3 cm
Origin:

  • The Pit, Los Angeles
  • Private collection
  • Acquired from it by the current owner

Estimate: $ 60,000 80,000

Hammer price: 700,000 USD

Sold: 870,000 USD

Lot 1A | Xinyi Cheng | Darling, Oil on linen canvas

Created in 2017
100x80cm
Origin:

  • Balice Hertling Gallery, Paris
  • Private collection
  • Acquired from it by the current owner

Estimate: USD 30,000 40,000

Hammer price: 240,000 USD

Sold: 300,000 USD


Other flagship lots:

The two paintings below from Basquiat and Banksy have been sold for over US $ 10 million.

Lot 24A | Jean-Michel Basquiat | Flash in Naples, Acrylic, oil and oil on canvas

Established in 1983
167.6 x 152.7 cm
Provenance (modified by the value):

  • Artist’s estate
  • their sale; Sotheby’s, New York, May 12, 2010, Lot 39
  • Private collection
  • Anon. to sell; Sotheby’s, New York, November 16, 2017, Lot 52 (Sold at US $ 8.1 million)
  • Private collection
  • Acquired from it by the current owner

Estimate: US $ 14,000,000 – US $ 18,000,000

Hammer price: USD 17,000,000

Sold for $ 19,825,000


Lot 17A | Banksy | Sunflowers from the gas station, Oil on canvas in an artist’s frame

Established in 2005
102.6 x 87.5 cm
Origin:

  • Acquired directly from the artist by the current owner, 2005

Estimate: US $ 12,000,000 – US $ 18,000,000

Hammer price: $ 12,400,000

Sold: $ 14,558,000


Summary of the auction:

Auction House: Christie’s New York

Sale: 21st Century Evening Sale

Date: November 9, 2021

Number of lots: 40

Sale rate: 100%

Sale Total: $ 219,278,750


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