Van Gogh’s NFTs: Millions in Sales

Recent reports unveil the sale of two tokenized renditions of Vincent van Gogh’s paintings, amassing over $2.5 million in combined value.

As per data from CryptoSlam.io, a non-fungible token (NFT) portraying a Van Gogh painting exchanged hands for $1.3 million. This transaction closely followed another Van Gogh-inspired NFT sale, fetching $1.27 million within a day.

Auction records detail that ‘Number 132’ sold for 35.9999 BTC or $1,313,635, while ‘Number 283’ fetched 34.9999 BTC, equating to $1,275,612 on the Bitcoin (BTC) network.

These digitized masterpieces are among numerous Van Gogh-inspired NFTs flooding the non-fungible market. In October, Paris’ renowned Musée d’Orsay announced the launch of unique NFTs inspired by Van Gogh’s final days.

The Tezos-based NFTs comprised two distinctive categories, each consisting of 2,300 pieces. One category provided an immersive augmented reality encounter of Van Gogh’s ultimate palette, while the other featured an exclusive digital artwork by French artist KERU, echoing Van Gogh’s iconic style.

Additionally, the Musée d’Orsay revealed intentions to collaborate with blockchain-powered digital artists, curating collections influenced by the museum’s permanent exhibits commencing in 2024.

Viewed by some as a revival sign for the NFT market, the recent sale of these two NFT pieces follows a significant slump in recent months.

Data from CryptoSlam.io demonstrates a notable surge in global NFT sales in the second week of November, surging to a total of $238 million, marking a 40% increase from the month’s outset, mirroring the market’s robust earlier performance.

Notably, Bitcoin-based NFT collections have outpaced Ethereum-based counterparts this week, hinting at potential shifts in market dynamics. Bitcoin NFT sales amassed $100 million, while Ethereum’s stood at $93 million. Solana and Polygon networks closely followed, garnering sales volumes of $17 million and $6.4 million, respectively.