99-year-old Hungarian artist's computer generated NFTs sold for $1.2M
Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby's Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour.
According to the July 26 announcement, the "Themes and Variation" collection features 500 collectibles via an algorithm combination of 170 color palettes and recursive grids. Auctioneers wrote:
Born in Budapest in 1924, Molnár was one of the first pioneers of computer-generated imagery, having started the practice in 1959. She previously lectured at the Université de Paris and had her works displayed in major European exhibitions. Molnár ventured into the realm of NFTs in 2022. She wrote:
The collection has surpassed 589 Ether in volume traded on secondary markets such as OpenSea. At the time of publication, Themes and Variations' floor price has increased by over 100% from an average of 1.52 ETH shortly after the sale ended.
Magazine: Nonfungible tokens, the Quick Guide
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