Everydays: The First 5000 Days, an NFT - or non-fungible token - made up of 5,000 individual images, constructed over the course of 13 years by the American artist Mike Winkelmann, known as Beeple.
The $69.3 million was the third highest price paid for a work by a living artist.Of course, Sundaresan and Venkateswaran didn't expect to pay quite that much.Sundaresan, who goes by the name of MetaKovan, was in Singapore, where he is based.
Venkateswaran, or Twobadour as he is known, was at his office in Chennai, India. Over the course of the two weeks in which the online auction was conducted, the price of the Beeple work had risen steadily from its starting bid of just $100.'We jumped in in the last hour,' Venkateswaran remembers.
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