Bitcoin News and Finance
Sotheby’s to Auction Never-Before-Seen Muhammad Ali Artwork NFT Skip to main content

Sotheby’s to Auction Never-Before-Seen Muhammad Ali Artwork NFT

Sotheby’s to Auction Never-Before-Seen Muhammad Ali Artwork NFT

On Friday, coinciding with the Summer Olympics opening ceremony, Muhammad Ali Enterprises and the fine auction house Sotheby’s will be auctioning a non-fungible token (NFT) that features a never-before-seen piece of original artwork created by Muhammad Ali. According to the announcement the digitized NFT artwork depicts Ali’s interpretation of the infamous 1971 ‘Fight of the Century.’

Luxury Auction House Unveils the Olympic Collection Featuring a Rare Muhammad Ali Piece of Digital Art

This week Sotheby’s and Muhammad Ali Enterprises, the owner of all intellectual property and publicity rights attached to boxing legend Muhammad Ali, revealed a new NFT auction that will be displayed and auctioned on July 23. According to the announcement, the 1-of-1 NFT is a never-before-seen piece of artwork the boxer created himself. The art is to be revealed for the first time ever using NFT technology.

Sotheby’s to Auction Never-Before-Seen Muhammad Ali Artwork NFT
The never-before-seen NFT art is estimated to achieve $10/20,000, according to the press announcement from Sotheby’s and Muhammad Ali Enterprises.

Muhammad Ali’s wife, Lonnie Ali explained that the art her husband created was displayed in the couple’s home for two decades. “This mixed media illustration by Muhammad has been hanging in our home for almost 20 years and was a part of his personal art portfolio that he amassed throughout his life,” Lonnie Ali said during the announcement. “It’s so exciting to see this piece transformed into an NFT. My husband was such an extraordinary person, and like NFTs that live forever, he will too.”

The Muhammad Ali collectible NFT is meant to coincide with the Olympics opening ceremony on Friday alongside Sotheby’s “Olympic Collection.” The collection features “50 of the rarest pieces of Olympic history and sports memorabilia,” Sotheby’s reveals. Ali’s special NFT is the boxing legend’s interpretation of the 1971 ‘Fight of the Century.’ The fight at Madison Square Garden in New York between Muhammad Ali and Joe Frazier is considered one of the greatest fights in history.

“The NFT will be a 50-second loop honoring the 50th anniversary of the legendary fight, with the crowd erupting in applause for 15 seconds to symbolize the fight’s 15 rounds,” the announcement from Sotheby’s and Muhammad Ali Enterprises discloses.

Sotheby’s First Sports-Related NFT Auction

Sotheby’s head of streetwear and modern collectibles, Brahm Wachter, commented on the upcoming Muhammad Ali NFT auction and he says the sale will be the luxury auction house’s first sports-related NFT.

“This marks the first sports-related NFT Sotheby’s has offered for sale,” Wachter said. “We cannot think of a more perfect way to enter the market than through this unique NFT, which shows Muhammad Ali’s creative side, exploring the boundaries between highly valued sports memorabilia and art,” the Sotheby’s executive added.

Wachter said that the Ali NFT compliments the Olympic Collection sale because the famous boxer was also an Olympian. Ali won the gold medal in 1960 at the Summer Olympics and Ali was given the honor of being able to light the Olympic Cauldron in 1996.

A Muhammad Ali NFT collection was introduced last March called “The Ali Collection,” which also featured his bout with ‘Smokin’ Joe Frazier in 1971. Ethernity Chain revealed the NFT collection in a partnership with the museum the Muhammad Ali Center.

What do you think about the upcoming Muhammad Ali NFT auction at Sotheby’s? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory