Most expensive NFT artwork (open-edition auction)

The most expensive NFT artwork sold through an open-edition auction is “Merge” by Pak, which was on sale from 2 to 4 December 2021. Instead of a single NFT for the artwork, the artist continually minted new “units of mass” representing a share of the artwork over the 48 hours the piece was on sale, creating as many units as there was demand for. By the time the sale concluded, Pak had sold 312,686 “units of mass” with a base price of $575 (the price rose progressively as the sale went on) to a total of 28,983 buyers, earning $91,806,519 (£69,206,141).

After the sale had concluded, a unique NFT was minted for each buyer with the details of their accumulated “mass”. The NFTs use dynamic smart contracts which are designed to gradually reduce the number of tokens available – each time a user with a Merge NFT buys another user’s Merge NFT, the new token is merged with the existing one, increasing the buyer’s “mass” but reducing the number of NFTs on the market.

The price was a record for an artwork sold publicly by a living artist, according to Nifty Gateway. However, the claim is debatable, depending on whether The Merge is ultimately considered to be a single piece or a series of artworks. It may be considered a series of artwork because each and every “mass” is an NFT and represents a piece of the artwork.

Country:
Year:
Date:
Source:

History of Auctioneering

Sort by
Ernest C. Freund First inductee into the WAA Hall of Fame

Country: United States
Year: 1979
Date: June 26
Source:

Youngest auctioneer (male)

Darron Blankenship (USA, b.9 April 1970) became certified as an auctioneer on 17 August 1984, aged 14 years 99 days.

Country: United States
Year: 1984
Date: August 17
Source: https://www.guinnessworldrecords.com/world-records/695986-youngest-auctioneer-male

WAA 38th Annual Convention

Holiday Inn in La Crosse, WI

Country: United States
Year: 1988
Date: June 7
Source:

WAA 40th Anniversary Celebration

Seminars on Bankruptcy, heavy construction, & collector car auctions

Country:
Year: 1990
Date: June 13
Source:

WAA 41st Annual Convention

Midway Motor Lodge, Eau Claire, WI

Country: United States
Year: 1991
Date: June 11
Source:

WAA 42nd Annual Convention

Don Q Inn in Dodgeville, WI

Country:
Year: 1992
Date: June 9
Source:

1993 WAA Annual Convention

WAA 43nd Annual Convention, Papa’s Place in Baraboo, WI

Country: United States
Year: 1993
Date: June 8
Source:

1994 WAA Annual Convention

Best Western Hudson House Inn, Hudson, WI

Country:
Year: 1994
Date: June 13
Source:

First Annual State Champion Auctioneer Contest

Crown Plaza Madison

Country:
Year: 2000
Date: January 17
Source:

First Woman (Carol Miller) to win Auctioneer Championship

Country: United States
Year: 2010
Date: August 11
Source:

Pin It on Pinterest