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Saturday, 13 March 2021

Millions of digital images auctioned:Digital JPG file of American artist Beeple sold for Rs 501 crore, became a billionaire overnight





Millions of digital images auctioned:Digital JPG file of American artist Beeple sold for Rs 501 crore, became a billionaire overnight

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Auction of American artist Bipal's digital JPG file

A total of 5,000 photographs of Beeple are included in this collage
Beeple has also worked with pop star Justin Bieber, Katy Perry
The collage was auctioned off by Christie's, a British auction house

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You may have read the news that the paintings of famous painters from all over the world have been auctioned for hundreds of crores of rupees, but you will be surprised to know that for the first time in the world, a digital image has been auctioned.

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JPG file sold for Rs 501 crore
In fact, a digital file (JPG file) of a picture of American artist Beeple sold for Rs 501 crore. In fact this picture is a digital collage of different pictures. Below you can see some selected photos included in the collage. What is special is that no physical version of this collage is available.




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The
collage has been auctioned off by auction house Christie's. This collage is named 'Everydays: The First 5,000 Days'. The collage was made available online for about two weeks for auction.





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The starting price of the collage was kept at just Rs 7,200. Blockchain technology now converts digital items into unique items and then sells them at a higher price. Such digital assets are called Non-Fungible Tokens (NFT). Now Beeple's collage has become the most expensive NFT. As well as a video of Beeple being bought at a higher price last month. The 10-second video sold for around Rs 48 crore.

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Divyabhaskar News 

A total of 5,000 photographs of Beeple are included in this collage. These pictures have been produced over the last 13 years. Bipal was producing only one picture a day.Also, the name of the person who bought the picture of Beeple for Rs 501 crore has not been disclosed. Beeple has also worked with pop star Justin Bieber, Katy Perry. Bipal depicts 12th century life in his paintings. Bipal has about 2 million followers on Instagram.

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