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Why the Artworld Loves to Hate NFT Art - ArtReview

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The explosive arrival of the nonfungible token is giving contemporary art’s elders the shivers

The explosive arrival of the nonfungible token is giving contemporary art’s elders the shivers Money is a great way to concentrate human attention. As I write, a large jpeg, albeit one made up of 5,000 individual jpegs, has been auctioned by Christie’s for $69,346,250. This is EVERYDAYS: THE FIRST 5000 DAYS (2007–20), by videomaker, illustrator and, now, feted artist Beeple – otherwise known as Mike Winkelmann. Winkelmann first shot to fame (or at least to mainstream artworld attention, since he had many nonartworld fans and Instagram followers already) following the auction of a collection of

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