‘Rare Pepe’ blockchain art goes to auction on Oct. 24, 2018
On Oct. 24, the New Art Academy will host an auction of three Rare Pepe by blockchain artists, in conjunction with the Rare Pepe Blockchain Project.
The public will have the chance to acquire the following digital
artworks: PEPEDESIGN, by Venezuelan Pepe Designer; DJPEPE, by DJPEPE;
and PEPEBASQUIAT, by Luca.
New York City artist and rare human Louis Parker will lead the
auction. The Rare Pepe Blockchain Project is one of the first manifestations of decentralized, blockchain-secured art, and it harnesses both the visual power of memes and of Bitcoin. Parker helped
to host a Rare Pepe auction in Manhattan in January, where the little green frogs that characterize Rare Pepes were eagerly scooped up by art and blockchain enthusiasts.
“Prices of Rare Pepe Blockchain artworks can vary from fractions of a penny, to tens of thousands of dollars,” said Parker. “It all depends on how RARE and DANK any given artwork is. Rarity is encoded; Dankness is perceived. Qualities and Qualia determine the price of any artwork.”
Blockchain-secured Rare Pepes have posed a major challenge to the art market, forcing us to ponder the question: “What makes value?” The most expensive Rare Pepe sale to date reached the equivalent of
$40,000 in PepeCash for the single issue of an artwork titled,
HOMERPEPE.
“Blockchain is the tool for the creation of the ultimate market: that is, one that is predicated on individuals choosing the rules of
engagement,” said Parker. “Blockchain makes all the rules of the game apparent; equality of access encoded at the protocol level.”
For more information about the Rare Pepe auction, and about the New
Art Academy’s symposium in New York City on October 24, please go to:
