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.
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History of Auctioneering
The largest auction of comic books, comic art and comic-related memorabilia took place on 5 and 6 May 2011. The auction, conducted by Heritage Auction Galleries in New York City, USA, raised $6,077,355 (£3,712,000).
Country: United States
Year: 2011
Date: May 5
Source: https://www.guinnessworldrecords.com/world-records/78277-largest-auction-of-comic-books
The most expensive tooth sold at auction cost £23,010 ($36,857) and was bought by Dr Michael Zuk (Canada) at the Omega Auction House in Stockport, Cheshire, UK, on 5 November 2011. The tooth is reported to have belonged to John Lennon. The final hammer price was £19,500 and the auction house commission was £3,510.
Country: United Kingdom
Year: 2011
Date: November 5
Source: https://www.guinnessworldrecords.com/world-records/most-expensive-tooth-sold-at-auction
The most expensive corkscrew sold at auction is £49,600 ($77,718; € 62,652) including premium and was bought by Ion Chirescu (Romania), via phone bid, in an auction by Reeman Dansie Auction House, Colchester, UK, on 25 November 2014. The item was described in the sales catalogue as “an unusual Victorian Old London Bridge corkscrew” with an “arched crown section”.
Country: United Kingdom
Year: 2014
Date: November 25
Source: https://www.guinnessworldrecords.com/world-records/464646-most-expensive-corkscrew-sold-at-auction
Radisson Paper Valley Hotel, Appleton, WI
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Year: 2014
Date: January 26
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In 2015, RM Auctions and Sotheby’s merged to form RM Sotheby’s, positioning Sotheby’s as a respected partner in the luxury collector car market.
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Year: 2015
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The most expensive headwear sold at auction is AED (United Arab Emirates) 24,050,000 ($ 6,545,950; £ 4,332,110) and was auctioned by Emirates Auction (UAE), at an event organised by Al Jalila Foundation, in Dubai, UAE, on 25 November 2015. The headwear was a helmet originally used by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE vice president, prime minister and ruler of Dubai.
Country: United Arab Emirates
Year: 2015
Date: November 24
Source: https://www.guinnessworldrecords.com/world-records/most-expensive-headwear-sold-at-auction
The most expensive saddle sold at auction is AED (United Arab Emirates) 2,400,000 ($ 653,234; £ 432,310) and was auctioned by Emirates Auction (UAE), at an event organised by Al Jalila Foundation, in Dubai, UAE, on 25 November 2015. The saddle was originally used by the crowne prince of Dubai H.H Hamdan bin Mohammed Al Maktoum.
Country: United Arab Emirates
Year: 2015
Date: November 25
Source: https://www.guinnessworldrecords.com/world-records/416036-most-expensive-saddle-sold-at-auction
David M. Lulich, 80, passed away at home on Sunday, December 27, 2015, after a recent battle with esophageal cancer. After graduation, he attended Reisch Auction School in Mason City, Iowa. He started working as an auctioneer for Thorp Finance and soon started his own business, Lulich Auction & Realty, in 1979. David donated his skills as an auctioneer to many community organizations, including being a 4-H market sale auctioneer for Douglas, Iron and Gogebic counties. He has been the sole auctioneer for the Bayfield County 4-H market animal sale for the last 49 years.
Country: United States
Year: 2015
Date: December 27
Source: https://www.mountainfuneralhomes.com/obituaries/David-M-Lulich?obId=14355248
The largest abandoned property auction sold 1,457 lots and was achieved by Brigitte Kruse (USA) in Beverly Hills, California, USA, 9 January 2016. The lots sold for a total of $373,348.41.
Country: United States
Year: 2016
Date: January 9
Source: https://www.guinnessworldrecords.com/world-records/414337-largest-abandoned-property-auction
Wisconsin State Fair Park, Milwaukee
Country: United States
Year: 2017
Date: August 8
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