A digital portrait of the Bitcoin (BTC) code “Block 21” has been sold by Christie’s auction house for over $130,000, marking the first time a non-fungible token (NFT) has been auctioned at a major auction house.
“Ben Gentilli created the NFT art piece sold by Christie’s for over $130 K and is intended to reflect the vision of Satoshi Nakamoto,” forged out of the same code that lies at the root of it all.
Block 21, which is a mixture of a physical piece of art and an NFT and portrays Satoshi Nakamoto, sold for $131,250 on Oct. 7, according to a tweet by Christie’s auction house on Oct. 8.
The bidding started at $22,000 for Block 21 and was sold as part of Christie’s “Post-War and Contemporary Day Auction.”
The artwork is part of a series called “Portraits of the Mind” by the Robert Alice project and is one of 40 creations that depict Bitcoin’s 12.3 million digits of code, all etched and painted on 40 separate circular panels that span more than 50 meters in length in their entirety.
Block 21 contains precisely 322,048 digits of the original Bitcoin code of Satoshi Nakamoto, and the name refers to Bitcoin’s finite supply of 21 million coins. The piece is the only one Christie’s has auctioned, but there have been rumors that in the “Portraits of a Mind” collection, Changpeng Zhao (CZ) of Binance and Matthew Rozsak of Bloq have purchased other pieces.