Will any NFT artwork sell for more than Salvator Mundi’s value in an auction by mid-2022?
Market Rules
Blockchain technology’s popularity has been deployed in many forms and for different utilities. One of the most recent is the possibility of trading limited copies of digital artworks with authenticity certificates, also known as “Non-Fungible Tokens” (NFT). Despite its recency, as of March 2021, there had already been cases of NFTs being sold for as much as 69 million US dollars.
In 2017, Leonardo da Vinci’s “Salvator Mundi” painting reached the record value for a sale in an art auction at Christie’s: $450.3 million (USD). If any NFT artwork is sold in an auction for a price that surpasses 450.3 million US Dollars by June 1st, 2022, this market will be resolved as “Yes”.