Top 10 most expensive NFT sales ever recorded
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Table of contents
- The 10 most expensive NFT sales of all time
- 1. “The Merge” by Pak — $91.8 million.
- 2. “The First 5000 Days” by Beeple — $69.3 million.
- 3. “Clock” by Pak — $52.7 million.
- 4. “HUMAN ONE” by Beeple — $28.985 million.
- 5. CryptoPunk #5822 — $23.7 million.
- 6. CryptoPunk #7523 — $11.75m.
- 7. CryptoPunk #4156 — $10.26 million.
- 8. CryptoPunk #3100 — $7.67 million.
- 9. CryptoPunk #7804 — $7.6 million.
- 10. “Crossroad” by Beeple — $6.6 million.
- Why are NFTs so expensive?
NFTs, or Non-Fungible Tokens, have been around since 2015, but they have really grown in popularity in 2021, and they show no signs of slowing down. There are amazing, innovative, and rare art pieces out there, and it’s no surprise they are among the most expensive NFTs.
The 10 most expensive NFT sales of all time
1. “The Merge” by Pak — $91.8 million.
Unlike most NFTs on this list, it wasn’t bought by one single collector. Instead, 28,983 people took part in the sale and purchased a total of 250,000 pieces that can be combined into a single large artwork. The artwork presents three white masses on a black background. The more collectors made the purchase, the larger the masses would become, and so the collectors had a part in what the NFT would look like.
With the price tag of $91.8 million, it’s currently believed to be the largest-ever art sale by a living creator.
In an interview, Duncan Cock Foster, a cofounder of Nifty Gateway, quoted the artist Pak, “He said, ‘This is the largest single artwork sale ever sold publicly. And it didn’t happen at a traditional auction house, it happened on a Web3 platform.’”
2. “The First 5000 Days” by Beeple — $69.3 million.
Sold for $69 million (42.329 ETH) in 2021, “The First 5000 Days” remains the most expensive NFT sold to a single owner. Singapore-based programmer Vignesh Sundaresan bought it at Christie’s Auction house.
The artwork is Beeple’s collage of 5,000 of his works—created every day since 2007.
3. “Clock” by Pak — $52.7 million.
Another art piece created by Pak is a simple but striking NFT with white letters upon black background changing daily. “Clock” is a real-time counter that says how long the creator of WikiLeaks Julian Assange has been imprisoned.
Assange was imprisoned in May 2019 on charges of espionage against the US Government. “Clock” was created to help raise funds for Assange’s legal defense and was purchased by a group of people collectively called AssangeDAO.
4. “HUMAN ONE” by Beeple — $28.985 million.
Another most expensive NFT on this list is another creation by Beeple.
It is a 360-degree, hybrid artwork presenting an astronaut walking. Beeple considers “HUMAN ONE” a “lifelong project” that will be updated by the artist, with the background changing with each update.
5. CryptoPunk #5822 — $23.7 million.
Fifth on the list is the most expensive CryptoPunk NFT sold to date.
CryptoPunks were launched in June 2017 by the product studio Larva Labs, and the collection was purchased by Bored Apes maker Yuga Labs earlier this year. The collection comprises 10,000 unique 24×24 pixel art images presenting mostly human characters, with a few rare exceptions—zombies (88), apes (24), and aliens (9). They can also have attributes like earrings, bandanas, etc.
Number 5822 is an alien with just one attribute—a bandana. Each of these characteristics adds to its rarity.
6. CryptoPunk #7523 — $11.75m.
Another CryptoPunk token, #7523 is the third-rarest NFT in the whole collection. Number 7523 presents another alien, this time sporting an earring, a knitted cap, and a medical mask.
7. CryptoPunk #4156 — $10.26 million.
8. CryptoPunk #3100 — $7.67 million.
Another alien, this time wearing just a headband.
9. CryptoPunk #7804 — $7.6 million.
The last of the CryptoPunk tokens on the list, #7804, is another alien that sports a cap, pipe, and shades.
10. “Crossroad” by Beeple — $6.6 million.
Closing the top 10 list of the most expensive NFTs is another artwork by Beeple. The 10-second animated NFT shows people walking past a large figure fallen on the ground. The figure, symbolizing Donald Trump following his loss to Joe Biden in the 2020 election, is covered in markings and insults.
The artwork actually sold before the election, and its presentation would change based on the outcome.
Why are NFTs so expensive?
Just like with traditional art, not all NFTs are successful, and not all of them are worth millions.
However, not all NFTs are expensive. Their price depends on a variety of factors, including how recognizable and rare they are. The artist behind them also plays a major role in their value. While there are some extremely valuable NFTs, with the top sale just shy of nine digits, many are moderately priced or even cheap.
What makes an NFT expensive, though? All tokens are unique. The issue with digital art was that before NFTs you couldn’t really own a digital art piece. You simply owned a copy of it, a jpeg file that many others could also acquire and download. The major difference with NFTs is that you can actually become an owner of the token and have proof of it on the blockchain.
Just like there’s only one Leonardo da Vinci’s “Mona Lisa” or Vincent van Gogh’s “Starry Night,” there is just one “The First 5000 Days” by Beeple.
The price of art is subjective; you can buy paintings for millions upon millions and you can get one for $10. And so it shouldn’t be surprising that the price of NFTs is just as subjective as that of art.
Interested in learning more? Here are some additional guides to check out:
- Midjourney and Dall-E Artist Styles Dump with Examples: 130 Famous AI Painting Techniques
- 10 Best NFT Music Marketplaces and Web3 Streaming Services
- 6 Free AI Prompt Builders, Helpers and Tools That Artists Actually Use in 2022
- 10 Best Metaverse Games to Play in 2022
- 10 Best NFT Podcasts to Listen to in 2022
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