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March 21, 2021 08:34 pm

John Cleese Sells Brooklyn Bridge NFT, as Craze Sparks Stunts and Culture Wars

Monty Python alumnus John Cleese "is going to be selling an illustration of the Brooklyn Bridge he did on his iPad as an NFT," reports Nick Bilton in Vanity Fair. So far the highest offer is $50,000, though Cleese's "buy it now" price has been set higher — at $69,346,250.50. But marveling at the wild popularity of NFTs, Bilton muses (hyperbolically?) that "The crazy thing is, he actually might get it..."The rapper Ja Rule recently launched an NFT platform on which he's selling a painting from the disastrous Fyre Festival with a starting bid of $600,000. Collectible NBA trading cards called "Top Shots," which are essentially digital trading cards of basketball players, are selling (and people are buying them) for as much as $240,000 ($208,000 is the highest price sold so far). And Beeple, a 39-year-old man from Charleston, South Carolina, whom you had never heard of until three weeks ago but who is now all anyone can talk about, a guy who makes dark and atramentous memeified "works of art," including pieces featuring a naked Elon Musk riding a Dogecoin dog and an image of a postcoital Santa Claus after — one assumes? — he's just cheated on Mrs. Claus, managed to sell a random pixelated artwork to another cryptocurrency investor at auction this month for $69,346,250 — exactly 50 cents less than John Cleese, I mean the Unnamed Artist, hopes to sell the Brooklyn Bridge for... [T]hese odd things called NFTs have done the miraculous and created scarcity in a digital world where there is, by default, no such thing. As such, like any collectible or limited number of artworks, people have gone crazy to get a slice of this new fortune. The insanity around NFTs, and what is now for sale as an NFT, has whiplashed from obscurity to frenetic hysteria in just a matter of weeks. While Ja Rule and trading cards and Beeple's "artwork" are often talked about with perplexity, there are countless NFTs hitting the specialized trading markets almost hourly. Some are stunts, some are pitched as real art, and there's everything in between. A company that specializes in blockchain technology, for example, purchased a real, physical print by the artist Banksy for $95,000, then lit the print on fire until it was destroyed, and then sold a digital version of it as an NFT for almost $400,000. Grimes, the musician, sold about $6 million worth of music-and-video NFTs last month. Jack Dorsey's first tweet is currently at auction with a high bid of $2.5 million. A poker player is selling his most famous quotes as NFTs. The TV show American Gods is shilling trading cards of the show's characters as NFTs. The website Quartz is offering a news article about NFTs as an NFT itself. There's an NFT house for sale, nudes of the actor Katie Cassidy at auction as NFTs, and there are all sorts of digital collectibles ranging from pixelated punks to impish kitty cats with wings. Now an Unnamed Artist has a bridge to sell you... It's almost like we're living in a simulation that has sped up and no one knows where the pause button is. But that, sadly, is by design. Bitcoin, which is only a little over a decade old, was first adopted by the video game culture: nerds who thought it was cool to mine on their computers and collect these odd little coins, but who are now Bitcoin billionaires. They are using that money, like Monopoly money that turned real overnight, to dictate what is considered art culturally. In doing so, they are — some believe — destroying the culture.

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