The Daily Star’s FREE newsletter is spectacular! Sign up today for the best stories straight to your inbox

The girlfriend of American billionaire Elon Musk is coining it in having made almost £4.3 million in 20 minutes selling art which doesn't technically exist.

Canadian musician Grimes, who has a child with Musk, has tapped into the latest craze of digital art known as cryptoart, which can never be hung on a wall or even touched.

Ten artworks were created between Grimes, whose real name is Claire Boucher, and her brother Mac and were sold within hours of going online.

The singer announced the auction of her WarNymph collection on Twitter a day before the collection went on sale.

"Dropping NFTs tomorrow at 2pm EST. enter the void," Grimes told her millions of social media followers before the work went on sale, followed by: "Sorry reposted I had the wrong time lol".

Among the bonkers collection was a spear-wielding baby flying around Mars, which is fitting as Grimes' man Musk wants to beat NASA and get humans there by 2026.

Two video works called Earth and Mars were sold at a fixed price of $7,500 (£5,400) and each sold approximately 300 copies in the 48 hours they were on sale.

The highest-selling piece, a video set to music called Death of the Old, made nearly $389,000 (£278,000).

The virtual art, which uses the same technology as BitCoin is said to be so shockingly expensive because it comes with a digital receipt called an NFT – short for non-fungible token- that is inscribed with an artist's signature, proving it's an original.

Despite never being able to touch the picture and copies easy to produce, the growing digital market is making some artists millionaires almost overnight.

Brendan Dawes, an artist from Southport, said: "There is this idea that digital things are worthless because you can't hold them, but this is saying you own that original piece — it doesn't matter that it can be replicated."

"I've made in months what I would make in two years. Tens of thousands of pounds." Dawes' latest work sold for $37,000 (£26,000).

Scottish crypto king Trevor Jones has become one of the market's highest rollers, with a picture he made of Batman selling for more than $468,000 (£334,000).

"The work I make now is definitely the most expensive I've ever sold," he said.

  • Elon Musk
  • Space

Source: Read Full Article