An NFT formed as an animated bull has been sold for $19,500-26X its original price. In the latest of a series of buzzy transactions on Nifty Gateway, the NFT marketplace was purchased by the Winklevoss twins in 2019.
The “virtual painting,” has been part of a series named “Picasso’s Bull,” and it is a sort of garnish amalgam of crypto symbols and faux-cubism. Trevor Jones, an NFT artist, and painter formerly sold nine more NFTs with this silver colorway for $750 each. He also sold 25 in bonze, 3 in gold, and 1 in a kind of taupe.
The original buyer is Micah Johnson, a former professional baseball player turned NFT investor, who confirmed the news that he’d offloaded the work in a tweet:
The NFTs have their pro-crypto messaging, which the recent sale has only further solidified on the meta-level; the paintings are hot commodities, with the potential to generate bug returns for the investors.
Jones said that he created the “Picasso’s Bull” project in over four months, and got a historian of art, Bill Hare, to write an accompanying essay, which expanded on the work’s meta-relationship in its value.
In July, one of the “Picasso’s Bull” was sold for $55,555 to Pablo Rodriguez-Fraile, who along with Collborn Bell, oversees an NFT collection called the Museum of Crypto Art.
Jones stated that while he didn’t know the user -@sirnigel – which dropped $19,500 on a silver bull, he was friendly with Micah Johnson, who he stated that makes his own NFTs addition to investing.
Other NFTs in Jones’ series of 10 silver bulls are now on sale for much more – one in particular, which looked for $25,555 yesterday, has reached the price to $48,500 today.
When asked about the reason for the sustained wave of interest and value, Jones said:
“I have no idea but I’m not complaining!”
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