The First On-Chain Auction of Claude Monet’s Paysage Concludes Successfully, Acquired by Oak Grove Ventures
Bounce Brand, a leading on-chain auction platform, recently partnered with SeoulAuction Blue, an affiliate of Seoul Auction, Korea’s oldest and largest auction house, and BounceBit, a public blockchain powered by BTC restaking, to host a groundbreaking Real-World-Collectible auction of Claude Monet’s Paysage. This historic event marks the first time a Monet’s painting has ever been auctioned on the blockchain, merging the worlds of fine art and blockchain technology. The auction concluded successfully with the painting sold to Oak Grove Ventures, an investment firm specializing in early-stage investments with a primary focus on cutting-edge technology sectors such as Web3, Artificial Intelligence (AI), and Biotechnology.
Artwork Details
The Paysage painting being auctioned on Bounce is an authentic masterpiece by Claude Monet, a celebrated French painter and the founder of Impressionism. The painting captures the fleeting beauty of nature with soft, atmospheric tones and a harmonious interplay of light and shadow. Previously auctioned three times at Sotheby’s, Paysage’s authenticity is underscored by its well-documented provenance and its enduring appeal to art collectors and Impressionism enthusiasts alike.
Auction Summary
The auction of Claude Monet’s Paysage commenced on Bounce Brand’s on-chain auction platform on November 18 at 4AM UTC. Conducted as an English auction on Ethereum with a floor price of 0.25 ETH, it attracted participation from over 570 unique wallet addresses. Approximately 16.5 hours after the auction began, Paysage was sold for an impressive 86.0405 ETH to Oak Grove Ventures.
To celebrate this iconic auction and reward all participants, a special memecoin known as the Memeory Coin will be launched. Blending the ethereal beauty of fine art with the cultural essence of memes, Memeory Coin is designed to create a lasting memory of this event. The auction winner, Oak Grove Ventures, will receive not only the authentic, tangible Monet’s Paysage painting, but also 1% of the total Memeory Coin supply. The remaining auction bidders who didn’t win will also equally share 9% of the total Memeory Coin supply.
Memeory Coin’s ticker and contract address will be announced shortly after 4AM UTC on November 23, followed by initial liquidity provision on Ethereum and Memeory Coin distribution to all participants.
About Bounce Brand
Bounce Brand is a decentralized platform dedicated to innovating and fulfilling the evolving needs of the Web3 space. Established in 2020, Bounce Brand is known for offering Auction-as-a-Service, an onchain auction protocol empowering Launchpad services and permissionless auctions for tokens, NFTs and RWAs.
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