ID 829055
Lot 50 | ANDREA BONACETO (B. 1989)
Valeur estimée
£ 100 000 – 150 000
AB Infinite 1
unit name: ABInf1
creator address: EMPT2JVHMIKH66Y6QA4P6ELL4UAMVGLRYYUULTYDFLQS3LDDKZPBHXDOQU
token ID: 742860434
Mutable ARC-19 NFT created as an Algorand ASA with corresponding 33734 x 1606 pixel image. The work is driven by artificial intelligence data processing, where certain portions of the artwork automatically update every few days based on people's interactions on social media. The source file is a vector which can be adapted as a video loop for any screen size or pixel image.
Executed in 2021-2022 and minted on 16 May 2022 on the Algorand blockchain. This work is unique and is accompanied by a non-fungible token.
Provenance
The artist.
Exhibited
New York, Times Square, Marriott Marquis, Andrea Bonaceto: AB Infinite 1, 2022.
New York, Times Square, Big Kahuna, Andrea Bonaceto: AB Infinite 1, 2022.
London, W1 Curates, Flannels, Andrea Bonaceto: AB Infinite 1, 2022.
Milan, Museo della Permanente, DART 2121, 2022.
Special Notice
We will invoice under standard VAT rules and VAT will be charged at 20% on both the hammer price and buyer’s premium and shown separately on our invoice.
Please note that non-fungible tokens (NFTs) are not regulated assets in the UK or protected by financial compensation schemes. The value of an NFT could go down as well as up. For tax purposes, including potential sales tax, NFTs may be considered a digital service or digital product and thus Christie’s may be required to collect relevant taxes dependent on local laws. Tax may be payable on profits from investing in an NFT. You may wish to consult an independent tax adviser.
Whilst each NFT is associated with a digital asset (for example, the digital artwork), they are separate and distinct. Purchasing a NFT does not mean that you are buying the digital asset associated with the NFT. You should check before bidding what rights to the digital asset you obtain by virtue of buying the NFT (if any). Please see the Conditions of Sale for further information.
Except in the event you are a resident of Mainland China, you may elect to make payment of the purchase price for this lot in the cryptocurrency Ether, Bitcoin or USD Coin. Payment in Ether, Bitcoin or USD Coin must be made to Christie’s via a digital wallet maintained with one of the following: Coinbase Custody Trust; Coinbase, Inc.; Fidelity Digital Assets Services, LLC; Gemini Trust Company, LLC; Gemini Europe Limited; Gemini Europe Services Limited; Paxos Trust Company, LLC; Digivault Limited; Ziglu Limited; or Archax Ltd. Only payments sent from digital wallets maintained at these platforms will be credited towards this lot purchase, and we will not recognise payments from digital wallets hosted at other exchanges or self-hosted wallets. The digital wallet must be registered to you, or, if you registered to bid as a company, then in the name of the company. You agree, upon our request, to provide documentation confirming that the payment was made from a digital wallet registered in your name and maintained at one of the platforms listed above. Partial paymen
You must pay the purchase price no later than 24 hours after we issue you with an invoice if you elect to pay for this lot in Ether, Bitcoin or USD Coin, or by the end of the seventh calendar day following the auction for all other currencies. The relevant exchange rates will be disclosed in the invoice. For further information and to view our Buyer’s Premium rates, please view the Conditions of Sale via the link below.
Please note that any tax for this artwork will depend on buyer geo location. If this artwork is invoiced to a UK address, standard VAT rules apply.
Post Lot Text
The interactive component of this work will continue until the 12 October 2022 at 23:59 BST, when it will be frozen by the artist. The buyer of this work may choose to re-open this facility in collaboration with the artist.
This work has been requested for inclusion in the following upcoming exhibitions:
Beijing, CAFA Art Museum, Andrea Bonaceto: AB Infinite 1, November 2022 - December 2022.
Milan, MEET Digital Culture Center, Andrea Bonaceto, December 2022 - January 2023.
Please note that non-fungible tokens (NFTs) are not regulated assets in the UK or protected by financial compensation schemes. The value of an NFT could go down as well as up. For tax purposes, including potential sales tax, NFTs may be considered a digital service or digital product and thus Christie’s may be required to collect relevant taxes dependent on local laws. Tax may be payable on profits from investing in an NFT. You may wish to consult an independent tax adviser.
Whilst each NFT is associated with a digital asset (for example, the digital artwork), they are separate and distinct. Purchasing a NFT does not mean that you are buying the digital asset associated with the NFT. You should check before bidding what rights to the digital asset you obtain by virtue of buying the NFT (if any). Please see the Conditions of Sale for further information.
Except in the event you are a resident of Mainland China, you may elect to make payment of the purchase price for this lot in the cryptocurrency Ether, Bitcoin or USD Coin. Payment in Ether, Bitcoin or USD Coin must be made to Christie’s via a digital wallet maintained with one of the following: Coinbase Custody Trust; Coinbase, Inc.; Fidelity Digital Assets Services, LLC; Gemini Trust Company, LLC; Gemini Europe Limited; Gemini Europe Services Limited; Paxos Trust Company, LLC; Digivault Limited; Ziglu Limited; or Archax Ltd. Only payments sent from digital wallets maintained at these platforms will be credited towards this lot purchase, and we will not recognise payments from digital wallets hosted at other exchanges or self-hosted wallets. The digital wallet must be registered to you, or, if you registered to bid as a company, then in the name of the company. You agree, upon our request, to provide documentation confirming that the payment was made from a digital wallet registered in your name and maintained at one of the platforms listed above. Partial payments of a lot from multiple digital wallets will not be allowed. The cryptocurrency amount will be calculated by us based on the following:
- For Ether: the USD/ETH hourly quoted CoinDesk Ether Price Index (ETX) at the start time of the auction. The USD/ETH rate will then be converted into GBP/ETH using the GBP/USD exchange rate provided by our bank at the same time as the ETH/USD is quoted; or
- For Bitcoin: the USD/BTC hourly quoted CoinDesk Bitcoin Price Index (XTX) at the start time of the auction. The USD/BTC rate will then be converted into GBP/BTC using the GBP/USD exchange rate provided by our bank at the same time as the BTC/USD is quoted; or
- For USD Coin: the GBP/USD exchange rate provided by our bank at the start time of the auction.
You must pay the purchase price no later than 24 hours after we issue you with an invoice if you elect to pay for this lot in Ether, Bitcoin or USD Coin, or by the end of the seventh calendar day following the auction for all other currencies. The relevant exchange rates will be disclosed in the invoice. For further information and to view our Buyer’s Premium rates, please view the Conditions of Sale via the link below.
| Style artistique: | Art contemporain |
|---|---|
| Catégorie: | NFT |
| Style artistique: | Art contemporain |
|---|---|
| Catégorie: | NFT |
| Adresse de l'enchère |
CHRISTIE'S 8 King Street, St. James's SW1Y 6QT London Royaume-Uni | |
|---|---|---|
| Aperçu |
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| Téléphone | +44 (0)20 7839 9060 | |
| Commission | see on Website | |
| Conditions d'utilisation | Conditions d'utilisation |
Termes connexes
Déposer un ordre
Déposer un ordre par téléphone Ordre
| Numéro de lot | 50 |
|---|---|
| Maison de vente aux enchères | CHRISTIE'S |
| Date de l'enchère | 13.10.2022 |
Votre ordre: £ 100 000
Téléphones pour la communication:
+34827387, +232346832
C'est votre offre maximale qui est transmise à la maison des ventes aux enchères. Si l'offre maximale est plus en haut que le prix limite de l'article, le commissaire-priseur offrira pour vous jusqu'à la hauteur de l'offre maximale.
C'est votre enchère maximale, qui est transmise à la maison de vente aux enchères. Si l'enchère maximale est plus haut que le prix minimal de l'article, le commissaire-priseur offrira pour vous jusqu'à la hauteur de l'enchère maximale.
| Numéro de lot | 50 |
|---|---|
| Maison de vente aux enchères | CHRISTIE'S |
| Date de l'enchère | 13.10.2022 |
Erreur ordre
| Numéro de lot | 50 |
|---|---|
| Maison de vente aux enchères | CHRISTIE'S |
| Date de l'enchère | 13.10.2022 |
Вы уже сделали ставку в € 40 000 и ставка принята аукционным домом. Если вы хотите ее уменьшить, то обратитесь напрямую в администрацию аукционного дома.
Erreur ordre
| Numéro de lot | 50 |
|---|---|
| Maison de vente aux enchères | CHRISTIE'S |
| Date de l'enchère | 13.10.2022 |
Вы не можете делать ставки в данном АД, т.к. были внесены в черный список.
Déposer un ordre
| Numéro de lot | 50 |
|---|---|
| Maison de vente aux enchères | CHRISTIE'S |
| Date de l'enchère | 13.10.2022 |
Autobid est prêt
| Numéro de lot | 50 |
|---|---|
| Maison de vente aux enchères | CHRISTIE'S |
| Date de l'enchère | 13.10.2022 |
