Thread by @justinsuntron

1/12 I participated in the @ChristiesInc #NFT auction for Everydays: the First 5,000 Days by @Beeple. My final effective bid was $60 MIL (plus fee $69 MIL). However, was outbid by another buyer in the last 20 secs by $250k. Difference was less than 0.3% of the total price.

2/12 My purpose for this tweet is to be transparent to our community & public. I respect Christie’s & want to congratulate @Beeple for this historic sale! This makes him one of the top three most valuable living artists!

3/12 I attach the video below to verify my statements here.

I have to split the video in two since it is the twitter requirement.

4/12 I was leading the bid w/ my target price of $60 MIL (excluding Buyer premium which is around $9 MIL) throughout the majority of the last 20 mins while other bidders were putting the target around $35.75 MIL.

5/12 Then at the last 38 secs of the original bidding session, another bidder raised the stake to $50.7 MIL & Christie’s system extended the bidding session for another 95 secs.

6/12 After a system refresh, the bid was raised to $50.75 MIL. At the last 40 secs of the extended session, the bid was raised to $60.25 MIL.

7/12 I tried to update my bid to $70 MIL at the last 30 secs yet my offer was somehow not accepted by Christie’s system even though there was still 20 secs left.

8/12 This is my 1st time participating in an online auction with Christie’s. We reached out to Christie’s and they replied.

9/12 I respect Christie’s rules, and It was just unfortunate that we were not familiar with these terms hence lost the bid. I believe when the leading bidder gets outbid during the last few secs, they should get at least 90 secs chance to place one more bid.

10/12 To avoid these types of disputes in the future, ALL bids should be transparent & utilizing blockchain technology would satisfy this requirement. This way, every bidder gets an equal chance to bid & everyone gets to see all the transactions transmitted.

11/12 So, @ChristiesInc, if you need my assistance in incorporating blockchain technology to your system, let me know! Happy to help :)

12/12 That said, my commitment and investment to art and #NFT, to the #TRON community, won’t stop here and I’m dedicated to finding the next @Beeple and the next #visionary digital artist!