NFTs
NFTs
Out of context: Reply #204
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This is Beeple's ETH address listed in the Christie's auction (here: https://onlineonly.christies.com… )
https://etherscan.io/address/0xc…
There's no record of any payment for the famous $69 mil. NFT.
There is however in his wallet a 0.2% stake in that B20 token sold by that guy MetaKovan who allegedly bought the $69 mil. NFT and started the B20 NFT fund.
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So for now, no $69 mil. trade and not even that 2% B20 promised to Beeple.
Unless somebody finds that transaction or the parts involved show any proof of transactions, no money or ETH exchanged hands.
p.s. I find it ironic that nobody cared to look for the transactions by now, when the entire point of using a crypto blockchain is transparency of transactions - it's all there apparently, or in this case, it's rather not.
- So whenever somebody mentions "that $69 mil. Beeple JPG sold at Christie's" better add "allegedly" as this looks like BS********
- i don't doubt it, i'm still stuck on how a link to a json file that contains a link to a JPG on a public web server denotes ownership.kingsteven
- But it’s ArtGnash
- correct me if I'm wrong, but didn't Christie's set up the auction? His stuff is usually on Nifty but this wasn't. So wouldn't the buyer pay Christies first likefadein11
- any normal art auction? They set up the NFT their end I think from what I've read.fadein11
- I seriously doubt the 69mil transfer was done in ether also. The NFT will just be assigned to the buyer, most of it was likely done offline.fadein11
- Yeah no, if that was the case then Christie's owned the artwork and that guy MetaKovan bought on "secondary market"********
- so Beeple gets 5-10% not 100% and MetaKovan made a second transfer just for $9 mil. just in fees? Highly unlikely. Looks like a scam/PR stunt.********
- okay... an auction through Christies is secondary market though. But yes, I am interested to know the details. 69million will not be transferred by ether thoughfadein11
- there are twitter accounts that look for big transactions on the blockchains (whales moving coins), this was not recorded yet anywhere********
- Also Christies didn't own it, Beeple minted it on their auction platform so he owns it. The auction was handled by Christies and the actual monetary transferfadein11
- Christie's announced the entire sum was paid in ETH about 40k+ coins, check the press releases. But who got the coins, nobody knows.********
- will likely be through traditional methods. The NFT can be transferred to the buyer easily. But as I say I am not sure. It's complete fuckery regardless.fadein11
- as all crypto bros are only rich in coins, not real money...********
- No the auction was in fiat currency as in $, check that guy Sun's video, he was bidding in $ not crypto! The final price was paid in crypto, per Christie's word********
- but as any blockchain works, for NFT's the actual buyer get's to own the artwork after final bid, here we see no trace of any final payment.********
- So until I see proof of transactions on the blockchain, no NFT was sold here, no money was exchanged = total scam/PR stunt********
- also on every tweet regarding the auction, people are asking where's the proof of transactions, not Beeple nor Christie's say anything.********
- @fade there are other payments in ETH in Beeple's wallet as you can see, for other artworks presumably sold on regular marketplaces, but this guys smells by now********
- @fade if Christie's has a private marketplace for NFT auctions, they still record transactions on the ETH blockchain, it can still be tracked********
- yeah saw the other payments. Interesting, I hadn't seen Christie's press release. Amazed 69mil would be transferred in eth.fadein11
- "The artwork was minted exclusively for Christie’s, making Christie’s the first major auction house to offer a purely digital work with a unique NFT "fadein11
- Still think the money went to them.fadein11
- Here you go "for $69.3 m (42329.453 ETH)"
https://twitter.com/…******** - This guy figure it out: https://twitter.com/…********
- yeah I've read the press release now. They say the transfer was in ETH. But they do say it was minted exclusively for them. How Beeple gets paid is anyone'sfadein11
- guess. Like I said the whole thing is fuckery. The piece is awful and price is ludicrous.fadein11
- So until I see some proof of payment by any party involved, I call this a crypto scam. Prove me wrong...********
- For art auctions, the house only gets paid commission, the buyer pays the owner directly separately (or not, as in money laundering)********
- No the money couldn't went to Christie's, you don't pay Nifty marketplace then Nifty pays the artist, the buyer pays directly the artist to become the new owner********
- Also winning at auction is not legally binding, even if you win, until money exchanges hands no art was sold.********
- Better yet, until Beeple shows his tax fillings over that $60 mil. ($9 mil. was Christie's comission apparently) I call BS on this whole thing bye********
- Calm down. I'm having a discussion not an argument. Have you reached out to Christies at all?fadein11
- byefadein11
- Ah no argument with you mate, just saying lol
bye if the media calling this the biggest art sale blah blah******** - but no, really, don't you smell a little BS over this, with all these facts on the table?********
- https://www.christie…fadein11
- Christie's do take the payment and then reimburse the seller minus commission. It's all there above.fadein11
- ah ok, yep I think the whole thing is ridiculous.fadein11
- Obvs that link is for traditional art sales, who knows. yes it is crazy though.fadein11
- so that link says it's over a month until payment to the owner of the artwork, but for NFTs payment is usually instant..hmmmm lol********
- but sure, will check out his wallet again in a few weeks, let's see if Christie's pulls through hehe********
- indeed. we need to see Christies wallet ID.fadein11
- funny how ppl say NFTs will change the art world, but the lack of transparency over this sale is disconcerting to put it mildly lol********
- a $69 mil sale through Christies isn't exactly revolutionary nope. This madness will pass though, there is a lot of interesting stuff being worked onfadein11
- in both tech and workwise. Funny thing is this isn't even new, it's been about for years.fadein11
- So whenever somebody mentions "that $69 mil. Beeple JPG sold at Christie's" better add "allegedly" as this looks like BS