Art Market Report - January 28
A weekly report on the NFT Art Market, covering 1/1s, generative art, editions and other important news.
Natively Digital: An Ordinals Curated Sale @ Sotheby’s
Sotheby’s Natively Digital: An Ordinals Curated Sale, which delved deep into the world of Ordinals on Bitcoin, showcased notable collections and artists like FAR, XCPinata, Nullish, Rudxane, Jennifer and Kevin McCoy, Popoki, Shroomtoshi, Des Lucréce, Ana María Caballero, Claudia Hart, along with significant early inscriptions and rare sats. The sale sold out and exceeded pre-sale estimates, totaling $1,097,000 (26 BTC) – double the pre-sale low estimate – with 100% of lots sold, 641 bids, 95 bidders and buyers, and half of the sale items surpassing their high estimates.
1/1s
meta (edition 34) by obake_ai, an AI GAN art piece minted in 2019, was collected by Jediwolf on SuperRare’s secondary market for 10 ETH.
Thursday Night Dinner by Summer Wagner, from PROOF CURATED Midamerican Fever Dream, was collected by karatekid for 8 ETH.
Winter Romance | 冬の愛 by Derech was collected on SuperRare for 6.5 ETH.
Patrick Amadon sold the rest 3 pieces from his series of seven 1/1s on Solana for $14,265.11.
Jack Butcher had 2 sales on Foundation’s secondary market this week. Fudenza #1 was sold for 4.8 ETH and T for 0.9 ETH.
EDITIONS & GENERATIVE ART
Pop Punk released Rubber on SOL, a generative AI diffusion collection exploring the compelling moments in our journey and the undying human need to see what is beyond. It has seen 18.4K SOL volume since the launch on the 25th, with current floor at 14.7 SOL.
XCOPY edition sales mostly from one single account dumping into WETH bids:
Ghouls (2020, edition of 3) - 20 ETH.
OVERLORD (2020, edition of 20) - 15 ETH.
Toxic Beast (2020, edition of 8) - 14.75 ETH.
BANGERS AND CRASH (2021, edition of 25) - 14 ETH.EYE-ROLLA (2020, edition of 25) - 11.6 ETH.
Beasts (2020, edition of 10) - 10 ETH.
NEXT WEEK
Roope Rainisto is to release SMILE, an artistic PFP collection of 1/1/5000 AI art pieces on SOL. SMILE is generated using a SD model that was trained in 2022, prior to LIWA. Unlike many contemporary generative AI tools that strive for complete clarity, Roope Rainisto aims to leave room for interpretation. Minting will be available on January 30, priced at 0.2 SOL each.
Sotheby’s presents GRAILS: Starry Night, which includes 19 works by some of the most celebrated digital artists. Bidding is open until January 30.
Claire Silver is to launch a digital fashion AI collection "corpo | real" (1/1/500) on BrainDrops. The collection explores the intersection of form and structure in the age of AI, bridging the corporeal and the ethereal. It will be available on January 31, priced at 1 ETH each.
Christie’s announced charity auction Creating Connections: Digital Art for Connectivity to benefit Giga, a UNICEF and International Telecommunication Union (ITU) initiative to connect every school and student to the Internet. Bidding is open until January 31.
Nullish announced Remnants of a Distant Supernova, an Ordinals collection of 1,111 pieces that symbolizes the cycle of life, death, and rebirth in the universe. Remnants of a Distant Supernova will be made available in the initial claim window to those who burn their Distortion Genesis (ETH), starting on January 28 at 3 PM and lasting for 3 months.