We’ve reached the tipping point.
Christie’s and Sotherby’s have gone all in on NFTs. Since the initial Beeple drop, the auction houses have gone full blast promoting NFTs and the new generation of artists including Mad Dog Jones, xcopy, and more. This drop is something a little different. During Warhol’s later years, like all artists, he began experimenting with new mediums. In this case, digitally. Found on floppy disks in 2014, the works of Warhol are now going up for auction.
Created in a paint program on Warhol’s Commodore Amiga personal computer in the mid-1980’s, the group of 5 works includes two self-portraits, his signature flower and Campbell’s soup can motifs, and – perhaps the most prescient image of the group – a rendering of a single banana on a blue background.
Being sold individually by the Andy Warhol Foundation for the Visual Arts, these 5 Pieces of work may be the blending motion that brings in hardcore non-digital art collectors into the realm of NFTs. The proceeds from this sale will benefit the Foundations relief fund for artists.
Warhol NFTs will bring in Art Collectors previously reluctant to NFTs
Warhol has been one of the most sought after artists for collectors and the fact that the Warhol foundation believes in NFTs enough to allow the digital works to be minted provides a huge push for legitimacy that may have been lacking in other traditional art forms. A collector will want to collect a Warhol regardless of the medium. Once these collectors start bidding, they will undoubtedly start looking at other NFT art, artists, and ways to display their incredible collections. This will be a big lift for the NFT community at large. We look forward to seeing how this auction does and which collectors ultimately win the prize of the incredible Warhol art!
The auctions started on the 19th of May and run through the 27th.