Christie’s said on Monday that it will auction the artwork of 18-year-old transgender artist FEWOCiOUS in the form of non-fungible tokens (NFT), as major auction houses around the world are increasing NFT sales.
NFT is an encrypted asset that records the ownership of digital objects (such as images, videos, or text). Although anyone can view the item, only the buyer of the NFT has the official identity of the owner.
FEWOCiOUS-real name Victor Langlois-has five lots on sale, each representing a year in his life, because he discovered his gender identity between the ages of 14 and 18.
They will be auctioned at Christie’s from June 23 to 30 under the title “Hello, I am Victor (FEWOCiOUS) and This Is My Life”, which coincides with Pride Month.
Each batch contains video artwork that exists only in digital form, sold as NFT, a set of graffiti, drawings, and diary entries in physical and NFT form of the corresponding year, as well as physical paintings only.
FEWOCiOUS started creating art at the age of 13. He said that digital art is a refuge from a conservative family where he had to hide his true self.
Christie’s stated that so far, his NFT sales have exceeded 18 million U.S. dollars (approximately 1.3 billion rupees). He sold his first NFT for $1,000 (about Rs 73,200) in 2020.
He said that NFT sales provided FEWOCiOUS with funds to move out of his childhood home in Las Vegas. He now lives in Seattle.
“I put my heart there, so I’m glad someone saw it,” he said.
“I hope other transgender children or adults can see this, and, wow, that’s another person who did some cool things-because I remember that I was very young and seeing transgender people succeed, it feels like So seen and recognized by others.”
NFT is very popular in early 2021. At the Christie’s auction in March, NFT sold for US$69.3 million (approximately 5.1 billion rupees). This was the first time a large auction house auctioned an art form that had no physical existence.
Since then, Christie’s and Sotheby’s auction house have conducted multiple NFT auctions.
© Thomson Reuters 2021