Two non-fungible tokens (NFT) featuring replicas of Van Gogh’s paintings have recently fetched an impressive total of over $2.5 million in sales.
One of the NFTs draws inspiration from Van Gogh’s 1889 masterpiece, “The Bedroom,” featuring a bed and chairs alongside other bedroom furnishings from his time in Arles, France. According to data from NFT aggregator CryptoSlam, the sale amounted to approximately 35 BTC, equivalent to $1,275,612 at the time.
The data reveals a prior sale of the same NFT piece two days ago for approximately 10 BTC, translating to $364,064. Remarkably, six months ago, it changed hands for a mere 0.0041 BTC, valued at $110.
The second NFT, drawing inspiration from Van Gogh’s renowned “Sunflowers” painted during the same period in Arles, was sold a few hours ago for 36 BTC, around $1,313,635, according to CryptoSlam’s most recent data. Two days ago, it had fetched 22 BTC, totaling $803,403.
These substantial NFT sales mark the second headline-worthy event of the week. A few days ago, the NFT artwork “EthBoy,” featuring Ethereum founder Vitalik Buterin, set a record with a resale on OpenSea for $400,000.
These substantial sales hint at a potential resurgence in the NFT market, which has faced challenges in 2023 compared to the thriving periods of 2022 and 2021.
A positive trend has been observed since the start of the month, with Nansen and CryptoSlam reporting a doubling in weekly NFT sales volume compared to October, accompanied by a notable increase in NFT values.