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Frank Miller’s Sin City NFT Fetches ~$840k At Auction

October 9, 2021
in Crypto News
Reading Time: 3 mins read
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Frank Miller’s Sin City NFT Fetches ~$840k At Auction
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Frank Miller, the creator of the iconic Sin City comic book, has sold his non-fungible token for $840,986.16. The auction was of an original piece of art titled “I Love You, Nancy Callahan.” According to sources who were involved with the auction, the auction amount is the highest price paid for a comic book art NFT. 

Although Miller is new to the NFT space and NFT art, he had help from a couple of NFT-focused game companies, Concept Art House and Gala Games. The companies helped to create the NFT, which uses blockchain technology to authenticate the artwork. 

Details Of The NFT 

The NFT, titled “I Love You, Nancy Callahan,” is an animated creation with sound design and consists of the original comic panels highlighting one of the most profound stories in the Sin City universe, the death of Detective Hartigan. 

The unique piece was sold in partnership with OpenSea to the highest bid received over a period of 24 hours. One of the criteria for the auction was that if a bid was received in the last five minutes, an additional ten minutes would be added to the auction. This was done to ensure that all parties had the opportunity to follow up on the bid received. 

The above rule ended up extending the auction by an additional two hours, with three bidders active during the final stages of the auction. 

A Bidding Frenzy 

With three bidders active until the closing stages of the bid, with significant jumps in the bidding amount as high as $25,000 and $50,000. The bids then went from $435,000 to $591,000 and then to $800,000 before finally closing at $840,986.16. 

With the NFT selling for $840,986.16, it became the most expensive piece of art sold by Frank Miller. Frank Miller’s most valuable piece of art is his cover art that features a lightning bolt, created for The Dark Knight Returns. This piece is valued at $1.6 million but is currently not for sale. 

Miller’s Other Artwork 

In 2011, Frank Miller’s Batman The Dark Knight No. 3 Batman and Robin splash page was the most expensive original artwork by an American to be sold at an auction when it sold for $448,000. According to details released by Heritage Auctions Hall of Fame for Comics and Comic Art, that particular piece now ranks as the 10th most expensive comic book artwork ever sold, while the current artwork ranks as No.3. 

Miller released a statement stating, 

“I am so honored to see the fans of mine, of Marv, of Sin City participating in this new world. One thing you never get making comics is the three-dimensionality (of NFTs). It is something that you aspire to when you’re drawing, but to really see things form and move like in I Love You, Nancy Callahan, it’s really wonderful.”

Celebrating The 30th Anniversary Of The Sin City Graphic Novel 

To celebrate the 30th anniversary of the graphic novel, Miller has partnered with Gala Labs and Concept Art House to create a series of 10 NFTs. Concept Art utilized motion and sound design to bring the artwork to life, while Gala Labs built a proprietary platform for further sales. Frank Miller had spoken exclusively to CryptoDaily, where he talked extensively about NFTs and the upcoming NFT launch to celebrate the 30th Anniversary of the Sin City Graphic Novel.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Credit: Source link

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