Artworks by the anonymous digital artist Pak sold for $2.8 million

In an NFT auction that was devoid of drama until its final hour, two artworks by the anonymous digital artist Pak sold for $2.8 million on Wednesday on the online marketplace Nifty Gateway. The works were part of a multifaceted sale in partnership with the auction house Sotheby’s, which drew $16.8 million in total. To date, NFTs have been attached to a tweet that sold for $2.9 million, NBA-licensed clips of Lebron James that sold for $208,000, and a 96-year-old painting that sold for about $40,000. Most famously, a digital mosaic by the artist Beeple sold for $69.3 million at Christie’s last month. By that comparison, the Pak sale largely underdelivered, yet it still represents a dazzling valuation for artworks that didn’t exist just two weeks ago.