In 2005, Banksy acquired a piece of Israel’s West Bank Barrier and used it for a “treasure hunt.” The first person to find the rock and email him with the secret word he wrote on it—”Spike”—would get to keep the work.
The piece, titled Spike, was found in Palestine and has since traded hands a few times. Now, it is heading to auction—not as a physical object but as an NFT.
Valuart, a new NFT platform, launched with the auction of Spike on July 22. Bidding will continue until July 30 online. Notably, the elusive street artist artist is not involved in the minting or sale of the work. Instead, the Italian opera singer Vittorio Grigolo, who owns Spike and cofounded Valuart, was the one who worked with the platform to create the NFT.
The NFT features a CGI rendering of Spike slowly spinning in the long