Powered by Art Blocks, Sotheby’s generative art auction witnessed a stellar debut. Showcasing 500 masterpieces under ‘Themes and Variations’, created by the 99-year-old artist Vera Molnár in collaboration with Martin Grasser, the celebrated bidding hub fetched $1.2 million worth of ETH in no time.
The artworks — featuring enticing algorithmic transformations by converting hand-drawn variations of letters into alluring color combinations — were purchased within one hour of being under the auction hammer, overriding the set baseline price of $2,825 (1.5 ETH).
On top of that, regardless of the initial bidding process having a ceiling cost of $37,000 (20 ETH), trading volumes on the secondary market soared as high as $859,347 (457 ETH).
I cannot tell you how much I love seeing them together and watching them bounce off each other.
I love the grouping, super simple, super wild, super graphic https://t.co/mYqOFTC04R
— martin grasser (@martingrasser) July 26, 2023
The Encore of
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