24 HOURS OF ART: Wednesday Highlights
Digital Art Headlines, Market Highlights, and Analysis from 4/9 - 4/10
Digital Art Day Deals
Sotheby’s Digital Art Day concludes with 52 sales for $651,891 total. The lots featured primarily generative art, along with Darkfarms, Matt Furie, and several from the Pudgy Penguin ecosystem.
Highlights:
Fidenza #740 by Tyler Hobbs: $114,300
Fidenza #180 by Tyler Hobbs: $88,900
Archetype #240 by Kjetil Golid: $50,800
No Hurt Feelings
There was an artwork loan, there was an artwork loan default, and ultimately there is a happy ending.
SpartanBlack collects Hurt Feelings by FEWOCiOUS for 25 ETH from Cirrus. The 1/1 artwork is FEWO’s 11th mint, created in September, 2020 via SuperRare.
The Disruptor
At the moment only XCOPY can make a day like this feel normal. Activity continues (spread out among several report sections) with three limited edition highlights:
InstaBags /10: 27 ETH from Moderats
DISRUPTOR /10: 26.9 ETH
Disintegration /50: 15 WETH to Punk4945
Collection: Highlights
swatches by jvmi: 48 ETH volume, floor: 0.13 ETH
DAMAGE CONTROL by XCOPY: 18 ETH volume, floor: 0.75 ETH
Terraforms /9,911 by Mathcastles: 15 ETH volume, floor: 1.4 ETH
Opepen Edition /16k by Jack Butcher: 12 ETH volume, floor: 0.2 ETH
CENTS /10k by Rutherford Chang x Sovrn: 0.569 BTC volume, floor: 0.0075 BTC
MAX PAIN /5,745 by XCOPY: 8 ETH volume, floor: 0.63 ETH
LIVE (Avant Arte) - Mecha by mpkoz
LIVE (ClickCreate) - Esra Eslen
LIVE (Nifty Gateway) - FALLEN GRAVITY by Mad Dog Jones
INCOMING (Streetlab) - Paper Pixels by DOES x Gene Kogan
INCOMING (The Memes by 6529) - Hoizon
1/1: Highlights
073 - Relic Pepe by Matt Furie: 6.4 ETH to gunnersnft.eth
Weave by artemis: 2 ETH to collectingone
Dark Candy by Apocalypse Art: 1.5 ETH to maxkarlan
denial by zero X: 0.837 ETH to whalemachine
LIVE (SuperRare) - things that happened, for a reason by liv: 1.03 ETH bid, ends 9:00pm EST
LIVE (SuperRare) - Nagas on a hunt by khwampa: 1 ETH bid, ends 4:48pm EST
LIVE (SuperRare) - Space by Movsum: 1 ETH bid, ends Thurs 12:03am EST
LIVE (Foundation) - The mindless dance. by Erina: 0.99 ETH bid, ends 2:45pm EST
1/1/X: Highlights
Art Blocks - Chromie Squiggle /10k by Snowfro: 5.99 ETH (Fuzzy) & 4.26 WETH
REMNANTS /250 by XCOPY: 4.2069 ETH to xReptar
Rainbow Grid /54 by Kim Asendorf: 3.75 WETH to AnonymousMonk
Winds of Yawanawa /1k by Refik Anadol: 3.75 WETH
Bright Moments - 100 Sunsets by Zach Lieberman: 3.69 ETH to Ralgo
The Golden Ratio /420 by Harto x VIVID: 0.149 BTC
Decal /100 by XCOPY x Deca: 2.44 ETH to Remizain101
Art Blocks - The Harvest /400 by Per Kristian Stoveland: 1.399 ETH & 1.14 WETH
TERRAINS /100 by ThankYouX: 0.069 & 0.04 BTC
Edition: Highlights
BULL RUN /271 by Beeple: 6.35 ETH to rubiks9
JANUARY 1ST, 2021 #100/100 by Beeple: 6 WETH
Noble Gallery - STEADY /38 by XCOPY: 5 ETH to nftennis.eth
Guzzler /206 by XCOPY: 3.96 ETH
Voxelglyph /223 by Larva Labs x Fingerprints DAO: 2.75 WETH
Afterburn /870 by XCOPY: 2.35 ETH
The Memes by 6529 - EXIT STRATEGY /420 by XCOPY: 2.1 WETH
Dead Ramen /67 by Mad Dog Jones: $6,000 to rogocolah
SCROLL-BID-COLLECT /500 by XCOPY x IWAN///: #1 edition for $2,500 to moderatsart
Closing Thoughts
Few circumstances showcase the illiquid 1/1 art market better than today’s FEWO 1/1 case study. In a short timespan, you have (1) a loan defaulter unwilling to recover the artwork, (2) a lender in the middle, (3) a collector willing to pay more, and also (4) another major collector who felt fair value was actually far higher. Forget the names involved. The chain of events is worth reflection because it won’t be the only time it occurs. How do sometimes unseen mechanisms like the lending market create unique circumstances? How are buyers and sellers best brought together?
General Thought: A day that would have seemed massive months ago for many reasons feels a little ho-hum today. Art has picked up!
Live Today:
1:00pm EST: 24 Hours of Art X Spaces with Special Guest Harvey Rayner
24 Hours of Art:
