Art auction house Sotheby’s announced on Wednesday that it plans to hold an auction solely for non-fungible generative token (NFT) projects.
Sotheby’s NFT Generative Art Auction aims to include pieces spanning the history of generative art, from the 1960s to the present day, and is scheduled to take place April 18-24.
Vera MolnarChuck Csuri and Roman Verostko—tthree generative avant-garde artists whose work emerged in the 1960s — see their works offered as NFTs for the first time. Contemporary generative artists will also be featured in the auction, offering a mix of NFT and physical works.
“While NFT projects like CryptoPunks and the Bored Ape Yacht Club have been making headlines around the world over the past year, few could understand how these NFTs relate to the history of 20th century art movements – including early generative artists who paved the way for computational art and algorithm-based art that has inspired many contemporary NFT projects,” said the vice- president and co-director of digital art at Sotheby’s, Michael Bouhanna, in a press release. .
This upcoming generative auction, Bouhanna added, intends to build and extend that legacy into the 21st century.
Generative art involves an “autonomous system”, usually a computer, playing some role in the overall final artwork, for example through a program randomizing certain elements. Bored Ape Yacht Club (BAYC) is an example of generative NFT project.
Sotheby’s is no stranger to selling generative art projects. The art auction house sold both CryptoPunks and BAYC NFT in 2021, but was “robustahead of an auction of over 100 CryptoPunks in February this year.