Doodle templates created by entrepreneur Gary Vee Sold for $1.26 Million


On October 1, 2021, entrepreneur Gary Vaynerchuk, popularly known as Gary Vee,
had his hand-drawn doodles auctioned off at Christie’s for a total of USD 1.2 million.
To
date, the digital version of Gary Vaynerchuk’s hand-drawn doodles has sold for
more than $90 million. Five of the drawings sold for $1.26 million at the
auction in New York, outperforming Andy Warhol and Jackson Pollock. The
collection was auctioned as part of Christie’s Post-War to present contemporary
art live auction.
The
five doodles that became a collection of 10,255 NFTs known as VeeFriends are
part of Vaynerchuk’s 286-piece collection of hand-drawn animals, which only
took him 90 minutes to complete.
Vaynerchuk
says that his doodle art becoming more popular while some artistic works fall
out of the limelight is both “uncomfortable” and “humbling.”
In an
interview with CoinDesk, he stated, “It’s almost an out-of-body
experience.” He adds, “I’m less worried about me, in that equation, and
more thinking about how lucky I am to be in this moment in time when the world
is changing.”
The
VeeFriends collection comprises nonfungible tokens of 10,255 characters
that can be purchased using Ethereum.
Each
token contains a “smart contract” including metadata that Vaynerchuk can use to
communicate with the buyer. For the next three years after the NFT is
purchased, token holders will have unique access to VeeCon, an annual business
event.
Gary Vee
has become a notable influencer in the NFT market since founding VeeFriends in
May. The lowest quoted price for a VeeFriends is still over $50,000.
According
to Christie’s, Vaynerchuck is “one of the industry’s most advanced thinkers.”
In a
description of the lot, the auction house noted, “Gary is considered one of the
leading global minds on what’s next in culture, relevance, and the internet.”
On October 1, 2021, entrepreneur Gary Vaynerchuk, popularly known as Gary Vee, had his hand-drawn doodles auctioned off at Christie’s for a total of
USD 1.2 million.

Pavan A
CBW - External Analyst
INDIA