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Art Market Report - May 21
A weekly report on the NFT Art Market, covering 1/1s, editions and other important news.
Sotheby’s GRAILS Sale
$2,440,000 was realized during the GRAILS kick off sale that included 7 lots coming from the former 3AC portfolio.
XCOPY 05 by XCOPY was collected by Artifaction for 45 ETH. The piece was previously sold in July 2020 for 1 ETH. Pixelchain, where XCOPY minted 14 pieces in total, is the first decentralized app that allows users to create 32x32 pixel art and store it 100% on-chain.
AI-generated How Was Your Day? by Roope Rainisto was collected by FLAMINGODAO for 5 ETH on SuperRare. In the same week, Post Real 016: Sex Sells from the artist’s Post Real collection, was collected by Kutoa Capital for 2.85 ETH on Foundation.
Autoglyph #376 was collected by OSF for 155 ETH. OSF tweeted a great thread about where he has spent the money and why, after he and Mando sold all their apes. “I do still believe we are at the beginning of a ‘digital renaissance’”, OSF wrote in the thread.
Forms Unleashed: Abstract Visions and Imagination
Abstract art is an ethereal realm where emotions materialize through strokes and colors. Forms Unleashed: Abstract Visions and Imagination curated by anloremi / me invites viewers to embark on a personal journey, transcending boundaries and exploring the profound. Through intentional choices and spontaneous gestures, each artist featured in the the exhibition strikes a delicate balance, creating a visual symphony that sparks connections. Each piece acts as a visual poem, evoking curiosity, wonder, and introspection. Within the layers and compositions, we find solace, inspiration, a celebration of the enigmatic and vibrant portraits of the soul.