„The work is a symbolic expression of Satoshi’s vision, forged from the same code found in the genesis of everything“.
Christie’s auction house announced the sale of a digital portrait of the Profit Revolution scam code for over $130,000.
This is the first time a non-expendable token (NFT) was auctioned at a large auction house, and the price exceeded expectations.
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According to the auction house, an unknown buyer bought „Block 21“, consisting of a physical art piece and an NFT representing Satoshi Nakamoto for $131,250 at Christie’s on October 7 as part of its „Post-War and Contemporary Day Auction“. Bidding began at USD 22,000.
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The artwork, created by Ben Gentilli with the Robert Alice project, is one of 40 creations in a series, and contains exactly 322,048 digits of Satoshi’s original Bitcoin code (BTC). The series, titled „Portraits of a Mind“, shows the 12.3 million digits of the original crypto code engraved and painted individually on 40 different circular panels over 50 meters long.
Christie’s auction was only for one of the pieces in the series, „Block 21“, whose name refers to Bitcoin’s limited supply of 21 million coins. Binance founder Changpeng Zhao and Block President Matthew Rozsak have also purchased pieces from the „Portraits of a Mind“ series.
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„The work is a symbolic expression of Satoshi’s vision, forged from the same code that is at the genesis of everything,“ Robert Alice’s website stated. „Portraits of a Mind explores the many facets of Satoshi Nakamoto’s identity, reflecting on the nature of both identity and portraiture in a new decentralized era.
So far, the most expensive digital art piece sold at auction was Matt Kane’s NFT „Right Place & Right Time“, based on the fluctuating price of Bitcoin, which sold for $101,593 in September.