The auction house will accept both Ethereum and Bitcoin as payment options with crypto payment being handled via Coinbase Commerce.Īccording to the listing on Sotheby’s, “Adams’ work reinterprets and recontextualizes the album cover to create a new contemporary take on a portrait that defined an era – as a comment and reminder that Reasonable Doubt remains vital and new today. Proceeds from the sale will go to charities that Jay-Z supports such as his Shawn Carter Foundation that helps adolescents get access to secondary education. Bidding for the auction began at $1,000 and has since been bid up to $2,200. The piece up for sale is titled ‘Heir to the Throne: An NFT in Celebration of Jay-Z’s Reasonable Doubt 25th Anniversary by Derrick Adam.” It features a digital portrait of Jay-z that was inspired by the cover art for the classic album.Ī real-world version of the artwork exists and is part of the rapper’s personal art collection. The sale will be held by Sotheby’s, and is for a special single-lot auction that runs through July 2. The ‘Reasonable Doubt’ NFT will be a digital piece based on the cover art of Jay-Z’s debut album from back in 1996. Jay-Z has announced, in collaboration with Sotheby’s, a non-fungible token (NFT) auction to commemorate the 25th anniversary of one of the best rap albums ever produced.
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