Art Market Report - May 27
A weekly report on the NFT Art Market, covering 1/1s, AI & generative art, editions and other important news.
1/1s
Dangiuz had 2 sales this week. City of God was collected by Mr.Spacely for 18 ETH on AOTM and Suburban Nights collected by batsoupyum for 4.95 ETH on SuperRare’s secondary market.
Neophyte (1/1/3), a study from The Monument Game, was collected by Lowkey Ventures for 20 ETH. Sam Spratt wrote in a post, “Neophyte as a character has a special place and link between Luci's story and the evolving story of someone who has observed it. There's a conversation there that is distinct even within a sea of amazing Observations.”
Falling Ashes by DrifterShoots was collected by CodeMedici for 4.2 ETH on AOTM.
Mirages of Architectural Captivity by Botto was collected by Moderats for 3.5 ETH on SuperRare.
PALM SPRINGS POOL PARTY by Nicolas Bets was collected by Sendrock for 2.5 ETH on SuperRare.
EDITIONS, GENERATIVE, & AI ART
The Vault of Wonders: Chapter 1 - The Abyssal Unseen by Boldtron, an AI collection of 1,000, sold out on Fellowship AI. The collection showcases a groundbreaking advancement in AI video technology that marries the historical curiosity of Renaissance cabinets with the enigmatic depths of the abyssal ocean. The work features creatures once only imaginable, now realized through sophisticated AI tools, embodying a symbiosis of natural traits and digital craftsmanship that challenges the boundaries between the organic and the fabricated.
Jack Butcher released a free open edition 1 of ?, visually identical duplicate of 1 of 1, preceding its auction at Sotheby's. All platform fees were donated to St Jude Children's Research Hospital. 35,262 were minted, raising $186,590. Learn more here.
Genie launched the inaugural drop, Derivatives, 48-hour open GenAI art editions on Base, featuring nine iconic artists whose works were interpreted by AI. Over 7,000 unique outputs were minted for 0.0069 ETH each.
Coming/Ending This Week
Tony Babel’s first-ever SOL drop, Hellfluencer (edition of 150), is coming to Exchange Art on Wednesday, May 29th. The latest piece in Tony Babel’s hell-themed series, “Hellfluencer” is inspired by the first rubber hose short he saw as a kid, called “Hell’s Bells” from 1929.
Roope Rainisto released Vacation on Verse, a series of 500 artworks that foreground the use of AI in image creation. Public mint is ongoing till the 29th for 0.25 ETH each.
Natively Digital: Art on Bitcoin, curated by Sotheby’s and Gamma, closes on May 29th. One of the highlights, 1 of 1 by Jack Butcher, currently has a bid of 14,000 USD.
diewiththemostlikes is to release nameless dread, a generative art collection of 669, with Glitch Gallery on May 30th. For each procedurally generated output, diewiththemostlikes hand-drew 669 unique “employee” portraits in a digital watercolor style. Each portrait is framed by a drawn Zoom interface and set against animated procedural elements in varying color palettes. Learn more here.
