1/ The beeple Christies Auction and how to be part of history.
@beeple made history in Dec when he did $4 million in sales over a weekend. The open editions have been freely trading since then, but all of the 1 of 1's, were bought by @MetaKovan.
@beeple made history in Dec when he did $4 million in sales over a weekend. The open editions have been freely trading since then, but all of the 1 of 1's, were bought by @MetaKovan.
2/ He then packaged all the 1/1's into B20, where owners of the token would own a piece of the 20 originals, as well as the museum they are located in in the Metaverse. More info on that here: b20.whalestreet.xyz
3/ Yesterday, it was announced that for the FIRST TIME EVER, @ChristiesInc will auction a fully digital, NFT-backed piece of art. It will be a 1/1 edition. Immediately following this news, people started delisting open editions, and raising prices way higher.
4/ But just how important is this auction? What happens to the trajectory of beeple as an artist from here?
For the last few months collectors have spoken about the institutional collectors that will eventually come. They are now standing at the door.
For the last few months collectors have spoken about the institutional collectors that will eventually come. They are now standing at the door.
5/ In the contemporary art market, one of the most important events of an artist's career is when they go up for their first fine art auction.
For NFT's, and more specifically, beeple, that moment has arrived.
We are witnessing NFT's grayscale moment.
For NFT's, and more specifically, beeple, that moment has arrived.
We are witnessing NFT's grayscale moment.
6/ Frankly, it has happened alot faster than I thought it would. But the institutionalization of NFT art is here, and it will only grow.
But how can the individual investor from this trend?
But how can the individual investor from this trend?
7/ Your best bet right now is to purchase the B20 token. This token has tailored exposure to the beeple auction happening next week. As the hype builds for that, these tokens will be trading higher.
8/ I fully expect the auction to finish well above $1 million, possibly even above $5 million. The higher that number goes, the better that will be for B20 holders, as the collection holds 20 beeple originals.
9/ The holders have diamond hands. @MetaKovan still holds at least 50% of the supply, and I don't see them lowering their stake anytime soon. This is the most prestigious NFT collection in the world.
10/ Becauase of the growth of the space, and the massive institutional buyers that are coming, you can't just mark to market. You have to apply some multiple on that, just because the growth is so massive.
11/ Going into the auction, I fully expect the B20 token to trade significantly higher from here. It is also the best and most liquid way for someone to add beeple exposure to their portfolio.
12/ I am long and strong going into next week's auction, and fully expect the piece to sell for a record shattering number.
*This is not financial advice
*This is not financial advice
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