Art auction house Sotheby’s announced on April 13 that it would organise an auction only for generative non-fungible token (NFT) projects.
Sotheby’s generative NFT art auction, planned for April 18-24, will feature works spanning the history of generative art from the 1960s to the present.
Vera Molnár, Chuck Csuri, and Roman Verostko are three generative avant-garde artists whose work emerged in the 1960s, and their works will be accessible as NFTs for the first time. The auction will also include contemporary generative artists, who will offer a combination of NFT and tangible works.
“While NFT projects like CryptoPunks and the Bored Ape Yacht Club have stolen headlines around the world in the last year, few may understand how these NFTs are connected with the history of 20th century art movements, including the early generative artists who paved the way for computer art and the algorithm based art that has inspired many contemporary NFT projects”, said Michael Bouhanna, vice president and co-head of digital art at Sotheby’s.
Bouhanna further said that the upcoming generative auction will help to create and grow on that heritage in the twenty-first century.
In generative art, an “autonomous system,” generally a computer, has a part in the overall final art creation, such as via software that randomises specific aspects. A generative NFT project is the Bored Ape Yacht Club (BAYC).
Sotheby’s has a history of selling generative art projects. In 2021, the art auction house sold both CryptoPunks and BAYC NFTs, but was “rugged” before an auction of over 100 CryptoPunks in February of this year.
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