Webb’s, the first major New Zealand auction house to sell an NFT.

Charles Frederick Goldie in his studio, c1910 – 1920

“Charles Goldie is unquestionably one of New Zealand’s greatest and most celebrated artists. These two photographs from the early 20th century are perhaps the most recognized and circulated images of him. Presenting them in an innovative contemporary format is an exciting prospect, and also a first for a major New Zealand auction house. Charles Ninow, artistic director.

  • Webb’s is offering two NFTs for auction this week.
  • The digital assets are based on portraits of Charles Goldie in his studio.
  • Digital scans were produced from the original glass plate negatives.
  • This is the first time that a major New Zealand auction house has sold NFTs at auction.
  • The successful bidder will receive the NFT with a framed print of the photograph and the original glass plate negative in a personalized box.
  • The auction will take place online from Friday January 28 to Tuesday February 1.

(For immediate release, January 28, 2022) Webb’s is delighted to announce the first NFT sale by a major New Zealand auction house. Online auctions
Charles Goldie: one of a kind will open for auction on Friday January 28 and close on Tuesday February 1. The auction will consist of two NFTs: Charles Frederick Goldie at his easel, and Charles Frederick Goldie in his studio. These two unique digital assets are derived from the original glass plate negatives of two of the best-known photographs by CF Goldie, perhaps Aotearoa’s most famous artist. The photographs were evidently taken by Rupert Farnell Studios between 1910 and 1920, and the negatives have survived in excellent condition to this day. In each case, the NFT purchaser will also receive a framed contact print of the image, the original glass plate negative in a custom made pine box.

Glass plate negative, Charles Frederick Goldie at his easel, c1910 – 1920

“It is remarkable to discover the original glass plate negatives of these well-known photographs. They made possible the creation of extraordinarily detailed digital scans, which we used to mint the NFTs. It is an excellent example of the special qualities of meeting old technology and enhancing it with cutting-edge contemporary technologies and media formats. » Charles Ninow, artistic director

The auction will take place online from Friday January 28 to Tuesday February 1. Auctions will operate in standard Webb fashion, although to take possession of the NFT at the end of the auction, the winning bidder will need to have a blockchain wallet. The digital asset will be transferred to the buyer’s wallet, and the buyer will also receive the physical items.

NFTs are blockchain-based digital assets. There are many different blockchains, and Ethereum is one of the most popular. It is often used to mint and trade NFTs. However, it comes with a congested network, inflated costs, and environmental concerns related to its power consumption. The NFTs in this auction were minted on Polygon, which is an Ethereum layer 2 blockchain. This means that it uses the same technology as Ethereum and is fully compatible with it. Although transactions on Polygon use a different validation system which is much more energy efficient and therefore has a much smaller ecological footprint (Ethereum uses
proof of work while Polygon uses proof of stake – the differences between these systems are described on the Webb website).

Charles Frederick Goldie in his studio, c1910 – 1920. Glass plate negative in a personalized pine box

NFTs have caused a stir internationally over the past 12 months. The digital asset format has proven hugely popular, with frenzied bidding at auction houses seeing NFTs selling for eye-popping prices. Famous, the NFT The first 5000 days by American digital artist Beeple sold for $69 million at auction in March. Perhaps the most popular and expensive NFT series is CryptoPunks. This series of 10,000 unique algorithmically generated images of pixelated punk characters was created in 2017 and has recently exploded in value. Now, individual CryptoPunks regularly sell for hundreds of thousands to millions of dollars. Bloomberg reported that the global NFT market exceeded $40 billion in 2021.

Webb’s, still in history since 1976.

To consult the catalog of NFTs passed under the hammer, please https://bit.ly/3G3W1uh

© Scoop Media