Are you searching for the most costly piece of NFT art? All of this information may be found in our compilation of the most expensive works of NFT art ever sold.
Although NFTs have been available for purchase since 2015, it wasn’t until 2021 that they came to the notice of people all around the world because it was the year that digital artworks began fetching extremely high prices.
As the world continues to move in an NFT direction, the value of these artworks has continued to climb. When we speak of pricey NFT artworks, we refer to those that have surpassed the $10 million mark. This threshold will climb by the end of the year due to the increasing utility and popularity of NFTs.
These figures exclude the popular and prohibitively costly NFT series CryptoPunks, which is a collection of 10,000 pieces rather than a collection of unique works.
Read | Top Gift For Dog Lovers In 2022 With Customized Gift Ideas
Some of the 2017 LarvaLabs punks, with prices ranging from $6.63 million to $11.75 million, might make the list. Not included is a purported $500 million Punk trade. Sotheby’s sold a set of 101 Bored Ape Yacht Club NFTs from a 10,000-piece collection for $24.4 million in October.
And, as anticipated, a single artist continues to dominate the NFT. Three of the top 10 positions on the list of the most expensive NFTs ever sold were filled by Beeple. Beeple had maintained this ratio and strengthened his position for months, but was ultimately dethroned by Nifty Gateway’s The Merge. Despite being outnumbered by newcomers, Beeple has maintained a top-five position. This trend continues to the present day.
Let’s examine the highest record sales of the most costly NFT ever recorded on the global market.
Below are the Top 10 Most Expensive NFT Art in 2022:
|
Rank |
NFT Art |
| 1 | Pak’s “The Merge” |
| 2 | The First 5000 Days |
| 3 | PAK’s Clock NFT |
| 4 | Beeple “Human One NFT” |
| 5 | CryptoPunk NFT #7523 |
| 6 | CryptoPunk NFT #7804 |
| 7 | ‘Right Click Save As Guy’ NFT |
| 8 | Ringers #879 NFT |
| 9 | Beeple’s Ocean Front NFT |
| 10 |
CryptoPunk NFT #5217 |
1. Pak’s “The Merge”
The Merge is the most expensive work of NFT art ever auctioned, fetching a staggering USD 91 million.
On Nifty Gateway, what would be recognized today as the largest NFT sale in history occurred. “The Merge” is an out-of-the-ordinary NFT collection designed by Pak and debuted on the platform over a two-day sales event.
The Merge was available for three days in an open edition (the opposite of a limited edition). Any quantity of tokens could be purchased for a unit price of $575, which increased by $25 every six hours. The tokens were sold for a total of $91,806,519,000,000 by the conclusion. The more mass purchasers purchased, the greater their mass became.
To elaborate, Pak’s Merge supposedly includes a built-in scarcity mechanism that guarantees the token supply would decrease over time. As a result, every Merge token transfer combines it with the token in the recipient’s wallet, generating a single currency with a combined mass value.
Following the debut of this project, more than 28,000 collectors acquired a total of 266,434 copies. This sale makes Pak the world’s most expensive living artist.
Naturally, the NFT community is thrilled with the result and eager to promote digital artworks as genuine works of art; yet, Pak’s tenure as president is controversial. Everything hinges on how an artwork is defined.
While Jeff Koon’s 1986 sculpture Rabbit now holds the record for the most expensive work ever sold at $91 million, Merge’s price tag of $91.8 million would make it the most expensive work ever sold. One may argue that it is more of a collection than an artwork, given that Koons only sold one piece and Pak sold 266,445 units.
2. The First 5000 Days
Second on the list of the most expensive NFT Art in 2022 is “The First 5000 Days!”
In Christie’s very first auction, they sold a vast collection of artworks by Beeple for a total of US$ 69 million. The collection consisted entirely of the artist’s works. It has artworks with the title “Everydays” because of the fact that Beeple has not skipped a single day of producing new artworks since 2007. As a result, Beeple is now the non-fantasy trading card game that costs the second highest on our list.
3. PAK’s Clock NFT
One of the most expensive NFT Art in 2022 is Pak’s Clock NFT.
This PAK’s Clock NFT, which was developed by Pak and Julian Assange and was released in February 2022, is now ranked in third place for the highest valued NFT sales for the year 2022. It is a straightforward counter that displays the total number of days that Julian Assange, the creator of WikiLeaks, has been held in custody, and the price of this NFT, which has been set at US$ 52.74 million, will go toward paying for this controversial figure’s legal bills. It enjoys the backing of millions of crypto enthusiasts all around the world.
4. Beeple “Human One NFT”
Beeple’s Human One NFT is one of the most expensive NFT Art in 2022!
Beeple is well-known for producing exceptional NFT inventions, like Human One, which now has a price of 28.9 million US dollars. Beeple said that the Human One NFT would be one of the most expensive NFT sales in 2022.
This is one of the most one-of-a-kind creations that Beeple has ever made; it consists of hybrid components that include a human-sized structure made of materials such as mahogany and polished aluminum, and it features a display that is comprised of four video screens that together produce a total resolution of 16k!
This almost unique selling proposition (USP) of this NFT is that the high-resolution screen will continue to display human and humanoid avatars for many years to come.
5. CryptoPunk NFT #7523
Fifth on the list of the most expensive NFT Art in 2022 is the CryptoPunk NFT #7523.
CryptoPunk 7523, also known as “Covid Alien,” is a rare NFT, or nonfungible token, collectible. Sotheby’s informs CNBC Make It that the buyer is Shalom Meckenzie, the main stakeholder of DraftKings. According to Forbes, Meckenzie’s net worth is $1.6 billion.
According to Sotheby’s, the seven-figure sale set a new world auction record for a single CryptoPunk.
CryptoPunks are a collection of pixel art 24×24 avatars. There are 10,000 total in existence, and no two are identical. Each has its own distinctive characteristics and accessories.
Known as one of the original NFTs, Matt Hall and John Watkinson of Larva Labs began the CryptoPunks project in 2017. Initially, each CryptoPunk was given away for free, but in recent years, many have been sold for millions of dollars.
According to CryptoSlam, two further “alien punks” recently sold for over $7.5 million apiece, while seven additional CryptoPunks sold for over $1 million. In May, Christie’s auctioned a collection of nine CryptoPunks for approximately $17 million.
6. CryptoPunk NFT #7804
Another CryptoPunk NFT #7804 belongs to the most expensive NFT Art in 2022!
The CryptoPunk 7804 is one of the non-fungible tokens (NFTs) that fetches the highest price on the market due to the fact that it is a combination of Larva Labs’s rarest qualities. It is one of the nine different extraterrestrial CryptoPunks, and as such, it has a front-facing cap, a pair of smoky shades, and a pipe that emits smoke from it. As of the time that this article is being published, the price of this CryptoPunk is around 7.57 million United States Dollars.
7. ‘Right Click Save As Guy’ NFT
Did you know that this expensive NFT art became an inside joke?
The phrase “Right-click, save as” is a common joke among those who are not into NFTs. Their rationale is that digital art may be duplicated and transmitted virtually for free. So why do NFTs command such a high price? While it is true that art receipts cannot be duplicated, the art itself can be.
Snoop Dogg, one of the most prominent figures who has an affinity for everything in the Metaverse, crypto, web3, and NFT sphere, purchased this NFT for US$ 7.1 million, placing it on your list of the most expensive NFTs.
8. Ringers #879 NFT
This expensive NFT art belongs to a series of digital artworks made at random by Dimitri Cherniak. The entire collection has been priced at a premium, with each NFT fetching tens of thousands of dollars. Nonetheless, Ringers #879 landed on our most expensive NFT 2022, which sold for $5,8 million. This NFT work includes the identical Art Blocks platform, which allows artists to make art algorithmically rather than manually. The price of the item is so high due to its rarity.
9. Beeple’s Ocean Front NFT
Beeple’s Ocean Front became one of the top 10 most expensive NFTs due to its flawless design, which depicts an ocean with a wooden building above it. The timber construction incorporates residences, recreational vehicles, shipping containers, etc. At the summit of this beautiful work of art is a large tree covered with mushrooms.
The total panoramic grandeur resulted in the NFT being sold at auction for a flat price of US$ 6 million. Although Beeple is one of the most renowned NFT studios, this is not their most costly NFT 2022.
10. CryptoPunk NFT #5217
Last on the list of the most expensive NFT Art in 2022 is another CryptoPunk!
CryptoPunk NFT #5217 is one of the rarest CryptoPunks due to the fact that it possesses characteristics of numerous CryptoPunk varieties. For instance, it is wearing one of the 419 knitted caps, one of the 169 gold chains, and most significantly, it is one of the 24 apes in the series!
As a result, it was initially sold in 2018 for approximately US$ 1800, but by July 2021, it had become one of the most expensive NFTs ever sold at approximately US$ 5.45 million.
And that concludes the top 10 most expensive NFT Art in 2022! Which one do you think is the most worth it?
