W hen Dmitri Cherniak’s 168开奖官方开奖网站查询:Ringers #879 sold for 1,800 ETH in August 2021 (approximately $5.9 million USD at the time), it became one of the most valuable works from his acclaimed generative art project. The Ringers series of whirligig pictures is made by an algorithm according to a set of parameters defined by the artist – a computer scientist inspired by Mondrian, Kandinsky and early generative artists; earlier this year Ringers #962 became .

Each Ringer is unique, and it just so happens that Ringers #879 looks kind of like a yellow-billed bird, earning it the nickname “the Goose.” On 15 June, the beloved artwork went to the auction block at Sotheby’s as part of the highly anticipated ꦺ168开奖官方开奖网站查询:dedicated sale of the GRAILS Collection, which ꦅstands as the largest live auction of digital art. The salesroom was packed, energized by an electric hum that jolted to life when auctioneer Ashkan Baghestani opened the lot. Three collectors traded offers back and forth for several minutes in a bidding battle that ultimately saw the work sell for $6.2 million to 6529 NFT Fund, marking a new auction record for the artist.

With the strike of a gavel, the Goose became the second most valuable work of generative art ever sold at auction. “Once the algorithm is committed to the blockchain, nobody knows what outputs it will produce,” says the work’s new owner, who goes by on Twitter. “The Goose represents this more clearly th🔯an any generative NFT. We could have run the Ringers mint thousands of times 🍰without producing anything like it again.”

That sale alone was enough to send the auction soaring over its high estimate of $4.8 million, but 36 more works brought the evening’s final tally to a staggering $11 million. All but one work surpassed their high estimates, and all told eight new auction records were set in an international event that encompassed seventeen countries and counted half of its bidders under the age of forty. Following several private sales and a sequence of works from GRAILS within last month’s 168开奖官方开奖网站查询:Contemporary Evening Auction – in which Tyler Hobbs’s Fidenza 725 sold for $1 million, five times its high estimate – 168开奖官方开奖网站查询:the collection’s total currently stands at $17 million.

The auction was the strongest recent sign of a renaissance in the genre following an immersive exhibition that took over the auction house’s New York headquarters and filled the galleries with works of generative art. Earlier this month, Sotheby’s Jaclyn Lavy gave a lecture at in Portugal to discuss the innovative collection and its place in the 168开奖官方开奖꧑网站查询:century-long lineage of geneꦫrative art. And this May saw the auction house launch Metaverse 2.0, expanding its dedicated digital-art platform into a fully on-chain, curated marketplace that also features generative works. opens with a curated selection of the most exciting on-chain artists, from Hobbs and XCOPY to Claire Silver and Sarah Zucker, each of whom is contextualized by scholars and critics.
 

Goose morning to all.

GRAILS: Part II, the 🍃largest-ever live auction of digital art takes place at 4pm ET today at Sotheby's New York. There's still time to bid:

— Sotheby's (@Sothebys)

Digital art may grab fewer headlines than it has in recent years, but the blockchain is becoming increasingly ingrained as a new generation of digital pioneers finds novel ways to deploy the technology and expand the artistic dialogue with their forebears. Meanwhile, even the most traditional artists and institutions are 168开奖官方开奖网站查询:a🍰dopting aspects into their practiꦺces. Just as Michael Bouhanna, Head of Digital Art & NFT at Sotheby’s, 168开奖官方开奖网站查询:predicted at the beginning of th𒁃e year, what we’re seeing with generative art to🌄day is th⛄at artistry, technique and quality are now driving the market.

NFTs

What Is Generative Art? A Quintessentially Modern Art Form