Christie's auctioning Andy Warhol's digital art as NFTs

In 2014, digital artworks of Andy Warhol were discovered stored in unlabeled floppy discs. Today, five of these artworks are currently being auctioned online as non-fungible tokens or NFTs.

Auction house Christie's recently announced that Andy Warhol's digital artworks are going under the hammer. Five pieces are currently being auctioned off: “Untitled (Campbell's Soup Can),” two “Untitled (Self-portrait),” “Untitled (Flower),” and “Untitled (Banana).”

The pieces are part of the “Amiga” drawings. The artworks were created by Warhol in 1985 using Amiga 1000, a personal computer. The Andy Warhol Foundation for the Visual Arts minted the five artworks this year.

“Originally created in 1985, Andy Warhol's 'Amiga' drawings were meticulously restored from obsolete floppy disks in 2014. In a first for digital art, The Andy Warhol Foundation for the Visual Arts has exclusively minted five unique NFTs that point to restored and preserved files from the 2014 project,” Christie's said on its Instagram post.

The “Untitled (Campbell Soup Can)” is a simple digital doodle of a Campbell's soup can with Warhol's digital signature. While the two “Untitled (Self-portrait)” artworks are colorful digital portraits of the famous pop artist, featuring bright colors and patterns and likewise signed by Warhol.

'Untitled (Campbell's Soup Can),' 1985 | Source: IG @christiesinc

According to Christie's proceeds of the online sale will benefit the foundation established by Warhol.

“We are offering the NFTs via a special online sale, with proceeds to benefit the non-profit philanthropic foundation established by Warhol. As no other NFTs will be minted from these five individual files -- which include two self-portraits, a signature flower, soup can, and banana -- this sale marks a rare opportunity for collectors,” the auction house said.

As of this writing, “Untitled (Campbell Soup Can)” has a bid of $150,000.

NFT is a digital file with a unique identity and ownership identified and protected by a blockchain. A blockchain system can securely store information and not susceptible to hacks. This makes a digital file unique and non-interchangeable.

Several NFTs have recently made headlines, drawing big money from buyers. The viral video “Charlie Bit My Finger” recently sold for a whopping $760,999 and has been permanently removed from YouTube. The viral “Disaster Girl” photo, which has been a subject of many memes, was sold as an NFT for $500,000.

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