Art prices in a ‘bubble’, says Beeple after his record sale

NFT art is in a bubble, says Beeple, the digital artist who this month sold a non-fungible token (NFT) of his artwork “Everydays: The First 5000 Days” for an eye-watering US$69.3mil (RM283mil).

“I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst. But it didn’t wipe out the internet. And so the technology itself is strong enough where I think it’s going to outlive that, ” said Beeple, whose real name is Mike Winkelmann.