AI Art Market: From Record Auctions to Digital Platforms
The AI art market is evolving through traditional auction houses and digital platforms. In November 2018, Christie's New York sold Obvious collective's 'Portrait of Edmond Belamy' for $432,500, 40 times its estimate, still the highest price for AI art at auction. Sotheby's later sold Mario Klingemann's 'Memories of Passersby I' for £40,000. Refik Anadol's Casa Batlló video mapping sold at Christie's in 2022 for $1.3 million, below the expected $2 million. On digital platforms, Klingemann's AI artist Botto generated over $1 million in NFT sales within a month in 2021. On OpenSea, AI Art House #0000 is auctioning for 12.3 Ethereum (~$28,000). On SuperRare, Anne Morgan Spalter's 'Hard and Soft: Gem Selfie' reached $60 million. The article questions whether the market is ready for AI art after the NFT bubble burst.
Key facts
- First AI artwork at auction: 'Portrait of Edmond Belamy' by Obvious, sold at Christie's New York in November 2018 for $432,500.
- Mario Klingemann's 'Memories of Passersby I' sold at Sotheby's for £40,000.
- Refik Anadol's Casa Batlló video mapping sold at Christie's in 2022 for $1.3 million.
- Klingemann's AI artist Botto generated over $1 million in NFT sales within a month in 2021.
- AI Art House #0000 on OpenSea auctioning for 12.3 Ethereum (~$28,000) as of May 10.
- Anne Morgan Spalter's 'Hard and Soft: Gem Selfie' on SuperRare reached $60 million.
- Botto uses continuous learning to reflect collector taste, with over 5,000 stakeholders.
- The article discusses whether the NFT bubble burst proves digital art's unsuitability for the traditional art system.
Entities
Artists
- Sougwen Chung
- Anna Ridler
- Refik Anadol
- Alexander Reben
- Helena Sarin
- Sofia Crespo
- Tom White
- Ian Cheng
- Mario Klingemann
- Anne Morgan Spalter
- Laura Cocciolillo
Institutions
- Christie's New York
- Sotheby's
- OpenSea
- SuperRare
- Obvious
- Artribune
Locations
- New York
- United States