Christie’s Auction House has reported that it has sold more than $130,000 for an NFT digital portrait of the Bitcoin code.
The most high profile NFT yet
According to the auction house, an anonymous bidder bought “Block 21,” composed of a physical work of art and an NFT depicting Satoshi Nakamoto for $131,250 at Christie’s on Oct. 7 as part of its “Post-War and Contemporary Day Auction.” Bidding began at $22,000.
It is the first time a non-fungible token (NFT) was auctioned at a large auction house and may signify the most high profile case of an NFT being sold.
Satoshi’s Vision, Immortalized
“The work is a symbolic expression of Satoshi’s vision, forged out of the very code that lies at the genesis of it all,” according to the Robert Alice website. Every painting was engraved with more than 300,000 digits of the complex code supporting the virtual currency. Every number was painted by hand to produce a “digital fingerprint made from paint,” as its designer calls it.
It is one of a collection of 40 works created by Ben Gentilli and includes precisely 322,048 digits of the original Satoshi Bitcoin code (BTC). It reveals 12 million digits of the cryptocurrency, each etched and painted on 40 separate circular frames, which stretches for over 50 meters in length. The sequence is entitled “Portraits of a Mind.”
Christie’s sale was for only one of the paintings in the collection — “Block 21” — whose name references the supply of Bitcoin being limited at 21 million coins. Binance founder Changpeng Zhao has allegedly also purchased other works from “Portraits of a Mind”.