NEWS FROM THE DIGITAL AND NFT WORLD – APRIL 14, 2021
Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!
1) Pak: almost $ 10 million in 15 minutes at Sotheby’s
NFT artworks keep rising at Sotheby’s! The “Fungible Collection”, which showcases the digital works of artist Pak, reached nearly $ 10 million in 15 minutes on the first day, and there are still 7 more works left for sale!
The auction, open from 12 to 14 April, includes a selection of unique NFT pieces, which can be purchased exclusively on Nifty Gateway. The first drop of the series entitled “Single Cube” immediately reached almost $ 10 million, setting Pak’s record as the most expensive artist on the entire platform.
2) In 4 weeks, NFT prices fell by 70%
After a series of surprising sales, the Crypto Art market appears to be showing signs of cooling. The second week of March, NFT sales stood at around $ 19.3 million versus $ 5.5 million in the current week.
A significant drop that also sees daily NFT sales plummeting from $ 1.7 million to $ 547.960… It remains to be seen whether this is a speculative bubble destined to burst or just a course adjustment.
3) Blockchain of Discord: Urs Fischer VS Gagosian
The Swiss artist Urs Fischer and the Gagosian gallery break their collaboration relationship. The motivation would lie behind the auction held last Sunday in which on the Fair Warning sales platform, Fischer sold his first NFT work for $ 97,000.
Gagosian would not have liked the artist’s decision too much, but would have preferred to wait a little longer to better understand how the system works. From there the disagreement between the two and the consequent abandonment of Fischer, which from now on will be represented by the Pace Gallery.
Photo Credits: Reboot Ginevra by Pak
