Art Market Report - March 3
A weekly report on the NFT Art Market, covering 1/1s, AI & generative art, editions and other important news.
1/1s
Proof Curated - VISIONS, the first solo exhibition by Other World, opened during the week of Frieze LA at Soho House West Hollywood on 2/26, showcasing twelve 1/1s. Believe Again was collected by GVG for 15 ETH. Everything at Once was collected by an esteemed traditional collector for an undisclosed price as the first NFT in their collection.
Collection Bold Pepes by BoldLeonidas saw 8 sales on Foundation this week, a total of 17.6 ETH.
Genesis BitMON by Lucréce, inscribed on Bitcoin, was collected for 406,400 HKD (~14.9 ETH) at Sotheby’s Hong Kong Contemporary Discoveries sale.
Waters on Lone Territory by Botto was collected by yck for 13.37 ETH on SuperRare.
Two posts on Waters on Lone Territory that I enjoyed reading:
For many reasons, ‘Waters on Lone Territory’ is a significant moment for Botto. As Botto’s first mint that is truly photographic, it represents a broader shift in art that emphasizes the importance of concept over aesthetics when determining the significance of an artwork. There are a handful of moments when works are created that, in hindsight, have redefined our conceptual understanding and the trajectory of a medium…
Not only is the AI reflecting a common scene familiar to our visual language, it also taps into our most basic human appreciation of the natural world, a subject that we frequently point our camera towards. ‘Waters on Lone Territory’ is a fusion of futuristic techniques with a very traditional subject matter.… - Ryan Koopmans (Read the full post here.)
And,
AI art, like this piece created by Botto, acts as a reflection of our collective understanding of the appearance of beautiful landscapes, such as the forest depicted in this image. I would argue that AI art is the quintessential form of meta-art; it is the absolute self-referential medium that reveals our notions of beauty (art). I would also argue that Botto embodies the archetype of a commendable artist, capable of innovating while acknowledging historical context… - alejandro cartagena (Read the full post here.)
Eko33 had 3 sales on SuperRare this week, a total of 9.7 ETH, all from the series Terra Incognita. The genesis phase of ‘Terra Incognita 00' includes 26 unique outputs, with the last two outputs of this phase auctioned and sold this week. Learn more about the series here.
𝚜𝚞𝚗𝚜𝚎𝚝 by SHL0MS was collected by Cryptopathic for 9.6 ETH on Foundation, a tokenization of a performance piece that had provoked a worldwide panic over the impending sunset of the world's most widely used email provider.
BIOLOGICA// by FVCKRENDER was collected by nathanhead for 7 ETH.
White house by the lake by Samantha Cavet was collected by CodeMedici for 3 ETH on NINFA.
EYHEKIF by neurocolor was collected by XQTStrategy for 2.5 ETH on SuperRare.
Canvas VIII: Somewhere in Iceland by Ayla was collected by GVG for 2.155 ETH on SuperRare’s secondary market.
EDITIONS, GENERATIVE, & AI ART
Chromie Squiggle by Snowfro saw 460 ETH (+148%) volume on OS this week, after both Curated and FlamingoDAO swept the floor.
alignDRAW saw 138 ETH volume on OS this week, with floor price more than doubled in the past 24 hours. alignDRAW is the first text-to-image artwork created by Elman Mansimov in 2015.
Auntieverse by Niceaunties saw 74.24 ETH (+164%) volume on OS this week.
Fidenza #373 was collected for 75 ETH.
Fully on-chain XCOPY 10 (2020, 1/1/16) was collected by The Doomed DAO for 20 ETH, who wrote a great thread on XCOPY’s PixelChain collection here.