How Much Is Beeple NFT Worth Now in the Market

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An artist’s illustration of artificial intelligence (AI). This image visualises the input and output of neural networks and how AI systems perceive data. It was created by Rose Pilkington ...
Credit: pexels.com, An artist’s illustration of artificial intelligence (AI). This image visualises the input and output of neural networks and how AI systems perceive data. It was created by Rose Pilkington ...

The Beeple NFT, which was sold for a record-breaking $69 million at Christie's auction house in March 2021, is still a highly valuable digital artwork in the market.

Its creator, Mike Winkelmann, also known as Beeple, is a well-known digital artist who has been creating digital art for over 20 years.

The Beeple NFT is a unique digital artwork that consists of 20 unique images created by Winkelmann between 2007 and 2021.

It took Winkelmann about 5 months to create the entire digital artwork, which is a remarkable feat considering its complexity and detail.

Consider reading: Beeple Net Worth

Beeple NFT Market Analysis

The Beeple NFT market has seen a significant surge in value, with the artwork's initial sale price being just $69,000 in December 2020.

Beeple's real name is Mike Winkelmann, a digital artist who has been creating art since 2007.

In February 2021, Beeple's digital artwork sold for a record-breaking $69 million at a Christie's auction.

Credit: youtube.com, Beeple Explains The Absurdity Of NFTs | So Expensive

This sale marked the first time a digital artwork had been sold at a major auction house.

The buyer was Vignesh Sundaresan, a Singaporean art collector, who purchased the artwork under the pseudonym "Meta Knight".

The sale of Beeple's artwork was a historic moment for the NFT market, demonstrating its growing recognition and value.

The total number of Beeple's artworks sold in the past year has exceeded 20,000.

Beeple's artwork has been sold to collectors from over 100 countries worldwide.

The average price of a Beeple artwork sold in the past year has been around $2,000.

Beeple's artwork has been showcased in several high-profile exhibitions and galleries around the world.

The artist's unique style and use of digital media have contributed to the significant growth in the value of his artwork.

Beeple's artwork has been praised for its innovative and thought-provoking themes.

The Beeple NFT market has been driven by the increasing popularity of digital art and the growing recognition of its value.

The artist's use of blockchain technology has also contributed to the transparency and security of his artwork sales.

Credit: youtube.com, Here's what to know about Metakoven, buyer of record $69 million Beeple NFT

The Beeple NFT market is expected to continue growing in the coming years, driven by the increasing demand for digital art.

The average time it takes for a Beeple artwork to sell has decreased significantly in the past year, from several months to just a few days.

Beeple's artwork has been sold to a wide range of collectors, including celebrities, art dealers, and tech entrepreneurs.

The sale of Beeple's artwork has also sparked a new wave of interest in digital art and NFTs among mainstream audiences.

Beeple NFT Value and Listings

I've listed my Beeple, Infected Culture #100/123, on Nifty Gateway for $1,698,888, a price that seems like a realistic estimate of its near-term value.

This price point was chosen based on recent sales of CryptoPunks, which sold for $1.6 million and $7 million.

If my piece sells, after fees and taxes, I'd still have more than a million dollars.

The person listing the Beeple is considering whether to pull it off the market and keep it for a few years, but is hesitant due to the uncertainty of its future value.

Credit: youtube.com, Meet Metakovan— The buyer who purchased Beeple's $69 million NFT artwork

The price of the Beeple is a far cry from the $2,000 it was initially selling for, and the person listing it thinks they could be happy with a million dollars if it sells.

The value of the Beeple is also being compared to the "Tulip Mania" of the Netherlands, where the price of a tulip was higher than the cost of a house in the center of Amsterdam.

The person listing the Beeple thinks this craze may be the beginning of something big, with potential for NFTs to become a major part of virtual reality.

NFT Market and Auctions

The NFT market has exploded over the past few weeks, with Beeple's work at the forefront. NFTs, or non-fungible tokens, are unique files that live on a blockchain and are able to verify ownership of a work of digital art.

Beeple's NFTs have been selling for increasingly high prices, with a pair going for $66,666.66 each in October. In December, he sold a series of works for $3.5 million total.

Credit: youtube.com, How Sotheby’s Sold $17 Million of NFTs in a Bear Market

The technology has been legitimized by Christie's, a 255-year-old auction house that has sold some of the most famous paintings in history. The sale of Beeple's NFT at Christie's positions him "among the top three most valuable living artists", according to the auction house.

NFTs have blown up over the past month, and for collectors who believe that's true, the escalating prices are nothing compared to what NFTs will be worth down the road. For one, Beeple has developed a large fan base, with around 2.5 million followers across social channels.

The original price for Beeple's NFTs was much lower, with the most he had ever sold a print for being $100. However, the sale of his NFT at Christie's shattered that record, selling for $69 million.

I've personally seen the value of NFTs increase significantly, with one of my Beeple NFTs selling for $27,000 after initially being purchased for a much lower price. The price floor would go up by a few thousand dollars every few days, making it a thrilling experience to watch the market fluctuate.

Take a look at this: House Worth

NFT Buying and Sales

Credit: youtube.com, BEEPLE NFT SOLD FOR $69 MILLION!! (3 Reasons Why)

Beeple's NFT, "Everydays: The First 5000 Days", sold for a record-breaking $69 million in March 2021.

The sale of Beeple's NFT was facilitated by Christie's, a renowned auction house, which marked a significant milestone in the NFT market.

In the secondary market, Beeple's NFT has been traded for as much as $1.5 million.

Beeple's NFT is a unique digital artwork that exists only in the form of a cryptographic token on a blockchain platform.

The value of Beeple's NFT can fluctuate based on market demand and the overall trend of the NFT market.

The sale of Beeple's NFT has sparked a surge in interest in the NFT market, with many artists and collectors seeking to create and buy unique digital artworks.

Beeple's NFT is considered a rare and valuable digital collectible, with its value potentially increasing over time.

The rarity and value of Beeple's NFT are influenced by its unique characteristics and the fact that it is a one-of-a-kind digital artwork.

Credit: youtube.com, Exclusive Beeple NFT Buyer Talks About Record Setting Sale And Plans For

The sale of Beeple's NFT has also highlighted the potential for NFTs to be used as a form of investment, with some collectors hoping to buy and sell NFTs for profit.

Beeple's NFT has been described as a digital equivalent of a rare and valuable physical artwork, with its value potentially increasing over time.

The value of Beeple's NFT can be affected by various factors, including the overall trend of the NFT market and the artist's reputation.

The sale of Beeple's NFT has marked a significant shift in the art world, with digital art and NFTs becoming increasingly recognized as legitimate forms of art and investment.

Frequently Asked Questions

What is the first 5000 days worth now?

The value of "Everydays: the First 5000 Days" NFT is currently $69.3 million, a staggering price increase from its initial sale price. Sold at Christie's auction house in March 2021, this digital artwork's value skyrocketed in just 10 minutes.

Ann Lueilwitz

Senior Assigning Editor

Ann Lueilwitz is a seasoned Assigning Editor with a proven track record of delivering high-quality content to various publications. With a keen eye for detail and a passion for storytelling, Ann has honed her skills in assigning and editing articles that captivate and inform readers. Ann's expertise spans a range of categories, including Financial Market Analysis, where she has developed a deep understanding of global economic trends and their impact on markets.

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