Vera Molnár's NFT Collection Drops Successfully
Vera Molnár's "Themes and Variations" NFT collection sold out in less than an hour in a Sotheby's Dutch auction yesterday, generating more than $1 million in sales.
The Deets
- 500 generative art NFTs created by Vera Molnár with the assistance of Martin Grasser, a generative artist and creative coder.
- The collection deviates from Molnár's customary geometric forms, instead using the letters “N”, “F”, and “T”.
- Sotheby's NFT marketplace, Sotheby’s Metaverse, tried out a new auctioning method for digital art.
The Bulk
Vera Molnár, a 99-year-old pioneering digital artist, in collaboration with generative artist Martin Grasser dropped her first work successfully yesterday. The joint work, a collection of 500 generative art NFTs titled "Themes and Variations," sold out amassing a total of 631 ETH or $1.2 million in sales.
This successful sale not only marks a triumph for the artists but also serves as a proof of concept for a novel way of auctioning digital art that Sotheby's NFT marketplace, Sotheby’s Metaverse, is currently testing. This was the first Dutch auction format conducted by the auction house in its 300-year history.
🎤 Founder Feedback
The enthusiastic response to Themes and Variations once again proves that collectors remain active for works of the highest quality. The market for digital art is specialized and sales that are thoughtfully curated continue to meet strong collector demand and command significant results.Michael Bouhanna, Sotheby's to ArtNews
📊 By the Numbers
In just one day on the secondary market, Themes and Variations has risen to a floor price of 3.9 ETH.
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