Sotheby's, one of the world's largest auction houses, as part of its third edition of the Natively Digital NFT auction will sell generative artworks in both non-fungible tokens (NFTs) and physical works, retracing the history of the generative art movement from the 1960s to the "most sought after artists of today."
The house said in an announcement that the NFTs — minted on the Ethereum network — will feature works of three pioneering OG digital artists: Vera Molnar, Chuck Csuri and Roman Verostko. The minimum price is estimated at the $10,000 mark for works from Verostko. Molnar's artworks are expected to start at $15,000, with the highest level of the threshold set for Dimitri Cherniak's artwork at $1 million.
Natively Digital 1.3 will open for bidding online from April 18 to April 25, 2022, with a pre-sale exhibition running concurrently in Sotheby’s New York from April 19 to April 24. All of the artworks support cryptocurrency payments.
Sotheby's first launched the Natively Digital auction series in partnership with Samsung in the summer of 2021. Back then, in all, 28 lots were offered and all were sold for a total sum of $17.1 million.