Fynsa
2021 was a year of pleasant surprises in the world of investing. The art market was no exception, with major auction houses reporting record sales for the year.
a) Woman in Front of a Window, Pedro Pablo Picasso
b) Portrait of a Young Woman Holding a Medallion, Sandro Botticelli
c) Wooden Cabins Among Olive and Cypress Trees, Vincent Van Gogh
Answer:
a) Woman in Front of a Window. Picasso’s work was auctioned at Christie’s in New York in May of last year for US$103.4 million. However, the surprise of the year was *Everydays: The First 500 Days*, a high-resolution composition of digital images created by Beeple every day since May 2007. The work, which started the auction at US$100 and ultimately sold for US$69.3 million, brought NFTs—virtual works of art—into the spotlight. *Everydays: The First 500 Days* was acquired by Metapurse, a Singapore-based NFT production studio and cryptocurrency fund.
