NFT champagne is now a thing. So much so, that it makes us question whether the crypto winter is settling in at all. Things may indeed, still be toasty.
Luxury champagne connoisseur Shammi Shinh has managed to peddle the most expensive champagne in the world. And he’s no stranger to expensive champagne. By selling this latest bottle, he broke his own 2013 record for the most expensive champagne in the world. In 2013, “Taste of Diamonds” champagne sold for $1.9 million. Shinh claims it was a celebrity favorite, with One Direction and rapper Flo Rida gobbling it up. He also appeared in Hollywood blockbusters like Marvel’s Justice League.
This time around, however, the champagne bottle was a once-off. Named Champagne Avenue Foch, it came with an NFT that was designed by the artist Mig. Mig is behind The Bored Ape Yacht Club NFTs and The Sneaky Vampire Syndicate NFT collections.
NFT Champagne Artwork
The ‘Magnum 2.5’ created by Shinh, has a label that bears the illustration of Mig, and it is faithful to the usual style of Mig.
The 1-of-1 Magnum bottle was available to purchase on OpenSea as an NFT. It was priced at 2500 ETH ($2.5m). This makes it the most expensive bottle of Champagne in the world.
Shinh said, “NFTs are the new diamonds. This 1-on-1 bottle features artwork from the NFT collections that have generated over $1 billion in sales. Encrusted with diamond cut Swarovski crystals with pure pewter integrated into the design, I wanted to create something timeless for the modern investor, nothing less than a masterpiece. Since it’s sold as an NFT, I expect it to be traded several times in the market before the physical bottle lands with the right person who HODL (Hold On For Dear Life). In order to receive the physical champagne bottle, the buyer will need to burn the NFT. The champagne itself is a work of art and unsurpassed in quality.
And of course, the bottle sold to investors very recently. Fortune reported that Brothers Giovanni and Pierre Buono purchased the bottle in a private sale.
Looks like this crypto winter could last as long as a typical winter, if it continues.
