Amitabh Bachchan NFT collection auctioned for a whopping $966K

Amitabh Bachchan
Bollywood veteran actor Amitabh Bachchan.
By Amirtha P S, Desk Reporter
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The Bollywood megastar, Mr. Amitabh Bachchan sold his collection of non-fungible tokens (NFT) for a whopping $966,000, marking the highest amount collected in an auction in India.

The most successful auction was the ‘Madhushala’ NFT collection, Mr. Bachchan’s father’s poem, recorded in his own voice, which crossed a total of $756,000 worth of bids for the entire collection. In addition, the exclusive collection also included The Loot Box NFT, Iconic Vintage Posters NFT and BigB Punks and NFT Arts.

“In this world of digitization, NFTs have opened a new realm of opportunities to engage with my fans even more than before. The successful auction of my NFTs, some of the most treasured and personal moments of my life and career were so well received and invested in by my supporters. This indeed was a very proud moment for me and also paves way for my industry folks too to come on board and engage with their fans with this new age technology,” Mr. Bachchan said.

Another highlight of the auction was The Loot Box NFT wherein every buyer of the box received an assured art piece from the NFT collection. Six million bidders tried to claim the NFT in the first minute and all 5,000 NFTs were sold in 54 minutes.

The Iconic Vintage Posters NFT featuring seven autographed posters was sold at a final price of $94,052, and lastly, BigB Punks and NFT Arts collection was sold at a closure amount of $66,900, the auctioning agency said in a statement.

The auction was hosted by BeyondLife.club, powered by Guardian Link, one of India’s biggest de-centralized branded marketplace for NFTs. Overall, 65 percent of the bids were from India and 35 percent from the rest of the world.

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