2 art records broken: For $69 million and Rs 40 crore

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A SUMMARY OF THE MOST EXCITING ART NEWS FROM AROUND THE GLOBE

While we focus on Indian art, we can’t obviously function in a vacuum. It’s a small world and everything is connected, especially on the web. So, let’s train our spotlight across the world map to see what’s going on — from art trends to socio-political issues to everything that affects the great aesthetic global consciousness. Or, let’s just travel the world and have some fun!

Digital art sold for $69.3 mn

Beeple’s collage, Everydays: The First 5000 Days, sold at Christie’s. Image: Beeple

Remember when we reported American digital artist @Beeple’s (Mike Winkelmann) work — ‘Everydays – The First 5000 Days’ — going on auction last month at Christie’s, in a first for the major auction house, and that its bidding was starting at $100? Well now, in a groundbreaking development for the world of art, that artwork has sold as a non-fungible token (NFT) for a record-smashing $69 million, which will be accepted in cryptocurrency Ether. The Verge encapsulates in one of many reports.

Rs 40 crore leap for Indian art sales

This Gaitonde 1961 oil on canvas broke a record for Indian art
VS Gaitonde

Elsewhere in the offline art world as well, some major news was witnessed, after a record was set for all of Indian art this week. A 1961 oil-on-canvas by artist VS Gaitonde was sold for a whopping Rs 39.98 crore. With this, the artist has also broken two of his own records. Mumbai Mirror has all the details.