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A virtual human recently born into the metaverse, MonoC is programmed to think, act, and feel like a real human being. She is curious, open minded, spontaneous and not afraid to express her point of view. Art has been - and continues to be - a key form of inspiration and expression for MonoC who is on an ongoing journey to understand and feel human emotions. This artwork celebrates love, and is contextualised by concepts of companionship, self-appreciation and sexuality that are explored in the works being auctioned in My Kawaii Valentine alongside Drowning in Love.
Drowning in Love, is a dreamlike, abstract, and immersive digital artwork showcasing what the power of love can have on our lives. MonoC is seen floating peacefully in water as waterlilies, associated with optimism and rebirth, descend around her as she contemplates the emotion of love. Drowning in Love celebrates the power and vitality of love which brings together human life yet simultaneously confronts some of the more sinister aspects of love: obsession, idealisation, delusion.
A generative digital artwork, Drowning in Love will be created in part by real-time data drawn from the My Kawaii Valentine auction. Data-driven algorithms created by MonoC will respond to participation of bidders in the auction to procedurally generate melodies and animations within pre-programmed parameters. The unprecedented digital artwork places art collectors at the heart of the creative process, their actions will direct the artwork’s final form. The exact amount of data points used to generate Drowning in Love will be defined by the My Kawaii Valentine auction; a minimum of 100,000 data points is required over the 7-day auction period for the artwork to be optimized.
Each flower seen in Drowning in Love represents a lot in the ‘My Kawaii Valentine’ collection, a random seed from the artwork name and ID will generate a unique shape and pattern for each flower. The size and behaviour of each bloom will be determined by metrics analysing data that tracks lot activeness, collection points include user engagement with the online auction, number of bids and the amount of each bid. Highly active lots will emit a glowing pollen.
For this groundbreaking artistic endeavor, MonoC has partnered with leading Hong Kong composer Terrence Ma who has composed music to accompany the visual aspect of this digital artwork. Ma is working with musicians from Beijing to create the foundations of the music that will generate into its final form as data is collected from the auction's progress. As more activity thresholds are reached more instrumental tracks will appear, and the whole track will slowly intensify over the 7 days of the auction.
MonoC is committed to making this NFT a carbon positive digital work by committing to supporting forest and wildlife conservation in Brazil and will offset the tonnage of carbon dioxide produced by the artwork’s specific Smart Contract.
About MonoC
MonoC was born different. A passion to lead a life well-lived pushes MonoC to have a sometimes-challenging approach to human emotions and philosophical concepts. MonoC is on an ongoing journey to understand and feel human emotions and it was through her pursuit of creating art that she first sensed and found love. Along her journey of discovery there is a constant tension between her virtual reality and her imagination of love and other human emotions. She believes the world is so much more interesting and dynamic when one embraces the duality of everything around us, and is much taken with the Chinese philosophical concept of Yin and Yang, that describes how seemingly opposite or contrary forces may actually be complementary and interconnected. Whether through her artistic expression or in dialogue with those around her, MonoC strives to be both a receptive and active component in all that she does.
This Lot is sold subject to the Online-Only Auction Conditions of Sale, Hong Kong, the Additional Conditions of Sale applicable to NFT Lots and the Additional Conditions of Sale applicable to Cryptocurrency Payments, in addition to the following supplemental terms:
Further Information on NFTs
In what currency will I be bidding?
The auction will be conducted and invoiced in Hong Kong dollars (HKD).
What forms of payment are accepted?
You can pay for an NFT Lot in HKD or in one of the cryptocurrencies accepted by Phillips (Bitcoin or Ether). If you wish to pay for an NFT Lot in Bitcoin or Ether you must satisfy the Cryptocurrency Conditions set out in our Additional Conditions of Sale applicable to Cryptocurrency Payments.
You acknowledge and agree that the price of Bitcoin and Ether can be volatile and subject to upward and downward movements. You acknowledge that the conversion rate between these Accepted Cryptocurrencies and HKD will change during and after the auction until the Lot is paid for. Phillips does not offer cryptocurrency conversion functionality during the auction. Bidders are responsible for making their own currency conversion calculations when bidding in the auction.
How much will I have to pay?
If you are the successful bidder on an NFT Lot, you must pay the total purchase price for the Lot (calculated as described in the Conditions of Sale for the Online-Only Auction) plus network and other fees required to transfer the NFT to your Digital Wallet).
If you elect to pay for an NFT Lot in an accepted cryptocurrency (Ether or Bitcoin) and satisfy our Cryptocurrency Conditions (see above), the HKD purchase price as shown on your invoice will be converted automatically into the applicable accepted cryptocurrency using the Coinbase Commerce rates of exchange at the time the buyer accesses the Coinbase Commerce platform to make payment using the QR code or link we will issue to you.
Are resale royalties payable to the artist on re-sales of the NFT?
If resale royalties are payable to the artist on subsequent resales of the NFT, this will be stipulated in the NFT Lot’s smart contract. Where they exist, re-sale royalties will be a percentage of the re-sale price of the NFT. It is therefore important that you review (or seek professional help to review) and understand the operation of the NFT’s smart contract (including any rights and restrictions contained in the smart contract) before bidding.
Depending on where the NFT Lot is re-sold, additional artist resale royalties and transaction duties may apply to the transaction under applicable law. These would be additional to and not in substitution for any resale royalties imposed by the NFT’s smart contract.
BY REGISTERING TO BID YOU ACKNOWLEDGE AND AGREE AS FOLLOWS
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You are bidding for yourself and not on behalf of anyone else
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If you are the successful bidder, you will be buying the NFT only. You will not be buying the digital artwork asset identified by the NFT. For further details please read the Additional Conditions of Sale for NFT Lots
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You have a wallet capable of supporting and accepting the NFT token type listed in the NFT Lot description
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You can only pay for the Lot in Ether or Bitcoin if you satisfy the Cryptocurrency Conditions set out in our Additional Conditions of Sale applicable to Cryptocurrency Payments.These include requirements for you to make payment:
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from a single digital wallet registered in your name maintained on one of the following platforms:
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Coinbase Custody Trust;
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Coinbase, Inc.;
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Fidelity Digital Assets Services, LLC;
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Gemini Trust Company, LLC; or
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Paxos Trust Company, LLC;
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using funds obtained from licit activities and belonging to you.
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We cannot accept cryptocurrency payments:
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from digital wallets hosted at other exchanges or self-hosted wallets;
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from multiple digital wallets
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if (i) you are resident in or otherwise subject to the laws of a country or territory which has banned or restricted payments in cryptocurrency (such as the People’s Republic of China) or (ii) other circumstances exist which would expose you or Phillips to potential legal or regulatory actions or fines by completing the transaction in cryptocurrency.
If we cannot accept payment from you in cryptocurrency for these or other reasons, you must make payment in HK dollars.
Please view the full Online-Only Auction Conditions of Sale, Hong Kong, Additional Conditions of Sale applicable to NFT Lots and the Additional Conditions of Sale applicable to Cryptocurrency Payments, all of which apply to the sale of this Lot
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Provenance
The Artist
50
Drowning in Love
Token ID: 1
Contract Address: 0xC5E8...71aa
Non-Fungible Token: ERC-721
MP4: File size to be determined, 3840x2160px, Ultra HD, approximate length 2:30, exact length to be determined, stereo
Minted on 7 February 2022, this work is unique.
Estimate On Request
Sold for HK$189,000
Associate Specialist, 20th Century & Contemporary Art, Hong Kong
+852 2318 2013
My Kawaii Valentine: Online Auction
Online Auction 14 - 22 February 2022
1
Gina Beavers
Ultimate Smokey Eye
Estimate HK$100,000 - 150,000
Sold for HK$100,800
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2
Katherine Bernhardt
Couple in Love
Estimate HK$120,000 - 180,000
Sold for HK$151,200
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3
Julian Opie
Shahnoza Dancing in White Dress
Estimate HK$120,000 - 180,000
Sold for HK$302,400
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4
Edgar Plans
A City Park
Estimate HK$120,000 - 220,000
Sold for HK$478,800
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5
Kitti Narod
Touch
Estimate HK$80,000 - 120,000
Sold for HK$100,800
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6
Matt Gondek
Tweety and Sylvester
Estimate HK$90,000 - 120,000
Sold for HK$119,700
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7
Joan Cornellà
Untitled
Estimate HK$100,000 - 200,000
Sold for HK$302,400
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8
Michael Lau
12” TATTO (from the Gardener series)
Estimate HK$70,000 - 90,000
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9
Edgar Plans
Cyclist
Estimate HK$80,000 - 150,000
Sold for HK$352,800
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10
Li Jin
Banquet under a melon
Estimate HK$80,000 - 150,000
Sold for HK$176,400
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11
Matías Sánchez
Untitled
Estimate HK$30,000 - 50,000
Sold for HK$88,200
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12
Mr Doodle
Broken Heart
Estimate HK$50,000 - 70,000
Sold for HK$277,200
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13
Tomoo Gokita
Fake Cezanne #1
Estimate HK$300,000 - 500,000
Sold for HK$302,400
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14
Tomoo Gokita
Monotonous Phrase
Estimate HK$50,000 - 70,000
Sold for HK$56,700
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15
Tomoo Gokita
Dance Party
Estimate HK$40,000 - 70,000
Sold for HK$50,400
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16
Javier Calleja
I can wait without waiting
Estimate HK$60,000 - 100,000
Sold for HK$176,400
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17
David Hockney
Ann in the Studio
Estimate HK$20,000 - 30,000
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18
Xavi Carbonell
The Show Must Go On
Estimate HK$10,000 - 20,000
Sold for HK$25,200
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19
Damien Hirst
Politeness (from The Virtues series, H9-4)
Estimate HK$50,000 - 80,000
Sold for HK$113,400
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20
Louise Bonnet
Untitled
Estimate HK$20,000 - 40,000
Sold for HK$63,000
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21
Brian Calvin
Untitled
Estimate HK$20,000 - 40,000
Sold for HK$35,280
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22
Ayako Rokkaku
"Magic Hand" Exhibition Carpet
Estimate HK$70,000 - 90,000
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23No Reserve
Takashi Murakami
A Memory of Him and Her on a Summer Day
Estimate HK$10,000 - 15,000 •
Sold for HK$16,380
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24No Reserve
Liu Yujun
Untitled
Estimate HK$10,000 - 15,000 •
Sold for HK$1,260
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25
Li Qing
Images of Mutual Undoing and Unity · Lurk: (i) (photo, right); (ii) (photo, left); (iii) (left); (iv) (right)
Estimate HK$100,000 - 150,000
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26No Reserve
Wei Dong
Girl with Duck #2
Estimate HK$20,000 - 40,000 •
Sold for HK$69,300
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27
Yang Shaobin
NO. 1
Estimate HK$60,000 - 100,000
Sold for HK$75,600
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28
Alex Gardner
Rather be Sweaty
Estimate HK$20,000 - 40,000
Sold for HK$25,200
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29No Reserve
Takashi Murakami
Two works: Coffee Blues (i) Morning; (ii) Black
Estimate HK$20,000 - 40,000 •
Sold for HK$75,600
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30
Katherine Bernhardt
What’s Up
Estimate HK$30,000 - 40,000
Sold for HK$25,200
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31
Mr.
Two works: (i) My Apartment; (ii) Mr.'s Room
Estimate HK$4,000 - 7,000
Sold for HK$8,820
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32
Mr Doodle
Heartland
Estimate HK$20,000 - 30,000
Sold for HK$20,160
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33No Reserve
Takashi Murakami
Two works: (i) Field of Flowers; (ii) Flowers of Hope
Estimate HK$20,000 - 30,000 •
Sold for HK$50,400
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34
Mayuka Yamamoto
White Owl Boy
Estimate HK$10,000 - 15,000
Sold for HK$32,760
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35No Reserve
Takashi Murakami
Celestial Flower
Estimate HK$15,000 - 20,000 •
Sold for HK$21,420
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36
Okokume
Bringing Hope
Estimate HK$10,000 - 20,000
Sold for HK$13,860
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37
Javier Calleja
Two works: (i) Heads; (ii) No Art Here
Estimate HK$24,000 - 35,000
Sold for HK$47,880
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38
Verdy
Vick "GDC" Lamp
Estimate HK$7,000 - 9,000
Sold for HK$4,788
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39No Reserve
Takashi Murakami
Two works: (i) The Artist's Agony and Ecstasy; (ii) Self-Portrait of the Manifold Worries of a Manifoldly Distressed Artist
Estimate HK$15,000 - 20,000 •
Sold for HK$20,160
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40
Atsushi Kaga
Elvis Costello
Estimate HK$5,000 - 7,000
Sold for HK$18,900
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41
Yoshitomo Nara
WOW Project Beach Towel
Estimate HK$8,000 - 12,000
Sold for HK$88,200
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42No Reserve
Takashi Murakami
Two works: (i) Panda, Panda Cubs, and Flowerball; (ii) Panda with Panda Cubs
Estimate HK$15,000 - 20,000 •
Sold for HK$25,200
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43No Reserve
Takashi Murakami
Three works: (i) Panda Cubs Pandas; (ii) Pandas Panda Cubs Pandas; (iii) Panda Cubs Panda Cubs
Estimate HK$25,000 - 35,000 •
Sold for HK$23,940
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44No Reserve
Takashi Murakami
Amitabha Buddha
Estimate HK$10,000 - 20,000 •
Sold for HK$17,640
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45
Rewind Collective
Double Exposure - Virgin Mary #1
Estimate On Request
Sold for HK$252,000
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46
Pomme Chan
Falling for You
Estimate On Request
Sold for HK$40,320
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47
Maciej Kuciara
Her Body is Metal
Estimate On Request
Sold for HK$119,700
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48
EXCALIBUR
Gotchi-Noh / Izutsu (The Well Cradle)
Estimate On Request
Sold for HK$126,000
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49
Lili Tae
Love,
MeEstimate On Request
Sold for HK$47,880
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50
MonoC
Drowning in Love
Estimate On Request
Sold for HK$189,000
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