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Phillips Hops on NFT Gravy Train With $4.1 Million ‘Mad Dog Jones’ Sale

The last of the big three auction houses tweaks the NFT formula even further with Replicator.

Replicator, 2021, by Mad Dog Jones.

Replicator, 2021, by Mad Dog Jones.

Source: Phillips

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First came Christie’s, then Sotheby’s, and then on Friday it was Phillips’s turn.

After 67 bids, the auction house closed its first NFT auction with a $4.1 million sale of an artwork by Michah Dowbak, who goes by the artist name Mad Dog Jones. The work has set a record for a living Canadian artist at auction, according to a Phillips spokesperson, besting the photographer Jeff Wall’s previous high of $3.7 million.