02/07/2021 Latest Major NFT Auctions Test Buyers’ Price Ceilings For History & Art

Latest Major NFT Auctions Test Buyers’ Price Ceilings For History & Art 101
A fragment of Year 2, Age 15 - My Mama's Dream by FEWOCiOUS. Source: A screenshot, onlineonly.christies.com 

The non-fungible token (NFT) market has experienced a rollercoaster over the past year, and the latest major deals show how buyers strive to put a value on different types of digital art. Artwork by a budding artist can fetch USD 2.16m, while source code by an acclaimed inventor can reach USD 5.4m, as demonstrated by the latest auctions. 

At a recent Sotheby’s auction, an NFT minted on June 15 and containing source code developed by Tim Berners-Lee, the inventor of the World Wide Web (WWW), was sold for close to USD 5.4m, attracting 51 bids. 

The work includes an original “archive of dated and time-stamped files containing the source code [for the WWW], written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim,” the auction house said.

A second NFT auction to attract major spenders was recently hosted by Christie’s, featuring artwork by transgender artist FEWOCiOUS, an 18-year-old crypto art surrealist whose five art pieces were sold for a total of USD 2.16m.

“Through five new digital pieces and physical paintings, as well as an archive of his earliest never-before-seen drawings from each year, FEWOCiOUS’ new defining series will capture each formative year of his growth from age 14 to 18 as a young transgender artist in the digital era,” Christie’s described the collection. 

“Each of FEWOCiOUS’ five new 1/1 NFT auction pieces and paintings captures a year of his growth and the transformation of both his artwork and his inspiring journey from Las Vegas to Seattle, and from Victoria to Victor Langlois," they added.

One of the five pieces was picked up by Tron (TRX) founder and avid NFT art collector Justin Sun for around USD 440,000. 

Arts

https://cryptonews.com/news/latest-major-nft-auctions-test-buyers-price-ceilings-for-his-10896.htm

Interesting NFTs
The Blockchain
Symbiotic crypto-currency relationships
1984#8
Futurism is almost like a vaccination. You inject a little bit of a denatured pathogen to prepare your body in case you encounter it for real.
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.
#81451
By OthersideDeployer
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.