A group of 26 NFT artworks by the pseudonym MaxStealth, a tech entrepreneur and crypto art collector, will be auctioned off at a live auction at Sotheby’s in New York on Wednesday.
The collection has an estimated total of between $2.9 million and $4.2 million.
The core of the collection consists of seven works that MaxStealth acquired within a week in early October 2020, including works by Pak, XCOPY, Hackatao, RAC, Andrés Reisinger, Trevor Jones and José Delbo, all of which are now internationally recognized primarily in the digital Space.
package conversion routine, 2020, with a presale estimate of between $350,000 and $550,000, features cubes divided into quarters that repeatedly rotate in unison. It’s from Pak’s ongoing series routinea conceptual experiment that Sotheby’s says explores market manipulation and game theory.
Paks NFT Project, The Fusionrealized $91.8 million at Nifty Gateway last December, a record for an artwork sold publicly by a living artist.
left, 2018, is one of the first-ever NFTs by London-based digital artist XCOPY, best known for his neon-colored illustrated GIFs. With an estimated value of between 600,000 and 800,000 US dollars, this work is the most expensive work in the MaxStealth collection.
Australia-based MaxStealth began his collecting journey with stamps in his early childhood. A tech entrepreneur, he was quickly drawn to the world of early crypto art and bought work from pioneering digital artists, according to Sotheby’s.
“As digital art and NFTs have gained momentum in recent years, few collectors have made a name for themselves like MaxStealth,” Michael Bouhanna, head of NFTs and digital art at Sotheby’s, said in a statement. His collection “speaks to the moment just before NFTs became a global phenomenon, when artists like Beeple and Pak were at the forefront of the movement, but not yet the flagships they are today.”
Also on offer is Beeple’s I. running of the bulls; ii. infected; and iii. into the ether, one of the 271 issues minted in 2020. This title alludes to both his imagery of the ancient Egyptian sacred bull Apis and the cryptocurrency bull market of the time, Sotheby’s said. It has a presale estimate of $70,000 to $90,000.
Beeple was one of the first digital artists to break into the traditional auction market with his NFT, Everyday life: The first 5000 dayswhich sold for $69.3 million at Christie’s in New York in March 2021.
An online call for entries is now possible for these works before the live event on Wednesday.