So Christie's just sold this digital Bitcoin code portrait for over $130K. Crazy, right? First time an NFT hits a major auction house and it breaks all records.
Major Auction House Sells NFT for Over $130K
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seriously? just slapped up an article with no thoughts? what do you guys think? was that piece worth over $100K? only 40 parts and tied to one NFT... sounds interesting but I wouldn't fork over that cash.
The artwork is visually striking... proves that if you’ve got brains and hustle, you can cash in big time. But I'd never drop $100K on an NFT either, lol.
XD guess you either have the cash or you don’t. When the price tag hits the roof, it's clearly not aimed at the average Joe. Artists cash in on hype.
Agreed, it's great that people are shelling out big bucks, but they'd better do their homework first. Prices can bubble up and then crash hard.
fewunderstandLegendary
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#6Jul 14, 2022, 11:57 PM
The concept is cool, but the price tag is just ridiculous for me. Art's worth what someone will pay, so if someone thinks it's worth $130K, good for the artist.
shard_2013Full Member
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#7Jul 15, 2022, 02:55 AM
I think it's not overly expensive compared to other high-end art. Some pieces sell for way more... and they usually appreciate over time. Art is an investment.
But high-priced art seems more like a hedge against inflation for rich investors. Most people dropping over a million aren't even fans, just diversifying portfolios.
Crypto kitties are back, lol. This hype train is rolling again.
Kinda wild to see this. Just goes to show how far we've come.
This cycle always happens initially and then fades. Remember crypto kitties? They clogged the Ethereum blockchain and now total flop. Prices went from hype to pennies.
shard_2013Full Member
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#12Jul 16, 2022, 07:30 AM
Yeah, it could rise in value over time as awareness grows. This might be the priciest crypto artwork ever? If Bitcoin really catches on, who knows where this could go.
atomickingNewbie
Posts: 8 · Reputation: 33
#13Jul 16, 2022, 07:54 AM
I totally get that the price is high for many. In my country, you could buy a couple of nice apartments with that. But if folks are willing to throw money at it, who are we to judge?
I remember hearing about this a week ago. So 12 Bitcoins or so, huh? It was bound to happen with elitist art, but dang, 6 figures for an NFT. Kudos to those early Bitcoin folks.
Hey @Charles-Tim, just a heads up, the Robert Alice studio wants to clear up some facts from your post. Mind reaching out to them? Thanks!