An unreleased Whitney Houston track has been sold for $1 million (£723,000) at an NFT auction. The lucky bidder now owns the track with a scarcity of one.
Early in the month, OneOf revealed that the unreleased demo recording would be auctioned off during its two-day immersive art, music, and NFT event. This was held during Miami Art Week.
Speaking to Billboard, Joshua James, OneOf co-founder, said:
“Whitney is an icon for the ages. We couldn’t be more excited to be releasing his historical song from the very beginning of her journey as an artist.”
As an additional ‘perk’, the new NFT owner also received a digital video made by 17-year-old Diana Sinclair, including rare images of the superstar vocalist.
OneOf, an NFT platform, is a music designed community to create environmentally sustainable artist and fan-friendly experiences.
The Whitney Houston OneOf One NFT, a never-before-heard demo track from Houston at age 17, SOLD for $999,999! Thank you to all who made this incredible moment in music and NFT history possible! 🙏 @dianaesinclair #BeOneOf #whitneyhouston #NFTnews #WomeninNFTs pic.twitter.com/cmdSuyfOBH— OneOf (@OneOfNFT) December 15, 2021
Artist, Diana Sinclair revealed:
“Being able to collaborate with her music and her family transformed the way that I saw her in her music videos. I feel more connected to the person that she was. Some of the messages that I put across in my artwork as well, they’re very similar.”
Other Whitney Houston works have been sold via NFT, bringing in a further $1.1M, with proceeds going to the Whitney Houston Foundation. The Foundation aims to empower youngsters by providing them opportunities for the future.