NextGen Investing: Teen rocking NFT art world 

Founded in London in 1766, art auction house Christie’s is a symbol of yesteryear, and yet the company is on the cutting edge. In March, Christie’s sold a collage by the digital artist Mike Winklemann, better known as Beeple, for $69.3 million. The artwork was sold as a nonfungible token (NFT), a sort of digital certificate of authenticity.

The sale is part of a larger boom market for NFTs. But perhaps the most significant recent NFT art sale was a five-piece collection from the 18-year-old digital artist FEWOCiOUS that Christie’s sold for $2.2 million.

FEWOCiOUS’ collection, titled "Hello, i’m Victor (FEWOCiOUS) and This Is My Life" is described by Christie’s as "unique works that detail the journey through his teen years so far, growing up as a transgender male in an abusive household."

Noah Davis, NFT specialist at Christie’s Manhattan auction house, called FEWOCiOUS, whose real name is Victor Langlois, a hero to many in the NFT crypto community, where he is known as Fewo. "We saw his sale perform extremely strongly, especially considering Fewo is 18 years old," Davis said. "This is his first outing with a major auction house, and just a year ago his works were trading for $100 or less."

FEWOCiOUS also creates more traditional art: A life-size physical sculpture, titled "Nice to meet you, I’m Mr. MiSUNDERSTOOD," was sold at Sotheby’s London auction house for $2.8 million earlier this month. Along with the sculpture, Sotheby’s said the buyer received a "paired NFT of the Mister MiSUNDERSTOOD origin story."