![]() Three Arrows Capital reportedly spent nearly $5 million on Fidenzas after the project launched. One of the pieces was purchased for $3.3 million in August of 2021, while another sold for $1 million at Sotheby’s in May. The artist’s Fidenza series has been a standout project for Hobbs, with NFTs from the collection commanding six-figure prices. “What can the machine capture and reproduce about those flaws, and what differences will always remain?” “The generative analysis of drawings reveal that even the ‘human’ flaws in our work have patterns and structure,” reads Hobbs’ website. ![]() Developing and programming algorithms that then randomly generate hundreds of visual images, Hobbs focuses on how computation aesthetics combine biases of computer hardware and the human world surrounding it. But Hobbs, who had always been interested in art, eventually began exploring more creative approaches to coding.Īlthough he’s largely considered a pioneer of generative artwork, the artist believes the genre can be traced back to the 1960s, “mostly on early science and military computers,” according to his website. After earning an undergraduate degree in computer science from the University of Texas at Austin, he started working as a programmer for Apache Cassandra, a database management system. The Austin-based artist started creating generative artwork long before the NFT craze and its subsequent fall in sales. Sotheby's Why is Tyler Hobbs’ work rising in value? The artist, who claims he’s made millions off secondary sales of his work, recently starred in exhibitions at both Manhattan’s Pace Gallery and London’s Unit London. Hobbs is one of few NFT artists who has managed to stay high-profile and continue racking up million-dollar sales after the crypto crash. Six pieces from his Fidenza series sold above their estimates for a total of $2.1 million, with his Fidenza #479 piece realizing $622,300-more than three times its high estimate of $180,000. ![]() Tyler Hobbs, ostensibly the brightest star in the generative art movement, saw notable rises in value for his lots. SEE ALSO: The NFT Renaissance Beyond Digital Collectibles ![]() The record-breaking results “reflect the growing importance of digital art, and in particular generative art, as a critical form of contemporary art,” said Michael Bouhanna, Sotheby’s head of digital art and NFTs, in a statement. Canadian artist Dmitri Cherniak’s Ringers #879, from his 1,000-piece Ringers series, topped the lot at $6.2 million, while the $635,000 sale of Snowfro’s Chromie Squiggle #1780 (Perfect Spectrum) set a new auction record for the artist. ![]()
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