Bounce Brand, a leading on-chain auction platform, is partnering with SeoulAuction Blue, an affiliate of Seoul Auction, Korea’s oldest and largest auction house, and BounceBit, a public blockchain powered by BTC restaking, to introduce a groundbreaking RWA auction of Claude Monet’s Paysage. The painting, an authentic masterpiece by the renowned Impressionist, comes with its Provenance, provided by SeoulAuction Blue, ensuring its authenticity and historical significance. This historic event marks the first time a Monet painting will be auctioned on-chain, merging the worlds of fine art and blockchain technology.
About Claude Monet’s Paysage
Claude Monet’s Paysage showcases the master’s unparalleled ability to depict the fleeting beauty of nature. This serene landscape is rendered in soft, atmospheric tones, with a dramatic, cloud-filled sky that dominates the composition. The delicate interplay of light and shadow evokes a sense of tranquility, while subtle hints of distant structures reflect human presence within a vast natural expanse. A timeless example of Monet’s genius, Paysage is a coveted work for art collectors and Impressionist enthusiasts alike.
Auction Details
Pre-Auction Events
1. Memecoin Farming: Stake $AUCTION on Bounce and $stBB on BounceClub to farm Memeory Coins.
- Start Time: November 18, 4:00 AM UTC
- Unlock Time: November 23, 4:00 AM UTC
The earlier and more you stake, the higher your Memeory Coin allocation. Participants can claim back their staked $AUCTION or $stBB after the unlock date.
2. Price Speculation: Guess the final auction price of Monet’s Paysage painting by placing bids.
- Time: November 18 – November 19, 4:00 AM UTC
- Bid Price: 10 AUCTION or 500 BB per guess
- Number of Bids per Address: Unlimited
- Base Prize Pool: 888 AUCTION + 8888 BB
Each bid contributes to the prize pool. Correct guesses will share the accumulated prize pool, with rewards proportionate to the number of bids placed.
Official Auction Period
- Start Time: November 19, 4:00 AM UTC
- Mechanism: English Auction
- Floor Price: 0.25 ETH
- Bid Increment: Between 0.1 ETH and 0.25 ETH
Each address can place only one bid at a time. If a higher bid is placed, the previous bidder will receive a full refund with gas fee compensation and a platform fee deduction. If no higher bid is placed within 6 hours, the last bidder wins the painting.
Post-Auction Activities
1. Memeory Coin Distribution & Initial Liquidity Provision
Total Supply: 184,000,000 Memeory Coins (commemorating Claude Monet’s birth year, 1840)
- $AUCTION Farm: 2.5%
- stBB Farm: 2.5%
- Auction Winner: 1%
- Auction Bidders (excluding the winner): 9%
- Liquidity Pool (LP): 85%
Based on Sotheby’s valuation, Monet’s Paysage is estimated at $200,000–$300,000. To make this historic auction accessible to everyone, we’ve set a low floor price of 0.25 ETH. If the final winning price reaches $300,000, approximately 310 bidders will have participated, and the 9% memecoin allocation for bidders who don’t win will be shared equally among them.
To ensure fairness, the Memeory Coin’s ticker and token contract address will remain undisclosed until just before distribution and liquidity provision. Please be cautious of impersonating tokens and rely solely on Bounce’s official announcements. After liquidity provision, Memeory Coins will be tradable on Uniswap.
2. Painting Delivery
The auction winner’s physical address will be collected, and Monet’s Paysage painting will be delivered securely to them.
Throughout the history of mankind, we’ve been seeking eternity in the fleeting nature of our world. We strive to hold on, yet time and constant change elude us. This is what makes art so invaluable—a single moment of creation can resonate across generations, timeless and profound. Bounce Brand aims to merge the ethereal beauty of fine art with modern meme culture and blockchain technology, creating a magical bridge between tradition and innovation, where timeless artistry meets the boundless possibilities of the digital age. It’s more than just an auction—it’s a celebration of history, technology, and the future of global art accessibility.
About Seoul Auction Blue
Established in 2016, SeoulAuction Blue is the first art online-auction house in South Korea. SeoulAuction Blue has been making a new history on behalf of the Korean art auction market, having noticeable market penetration and auction sales records since its foundation. To encompass a group of generations, SeoulAuction Blue hosts online and offline auctions that reflect a variety of tastes and a cross-category selection, which include from Korean and international, modern, and contemporary art to exclusive collectible art, jewelry, wine. In 2020 SeoulAuction Blue started to diversify the service aiming to link between “Art and Finance.” To enhance the trading activity of art and cultural value assets, SeoulAuction Blue has encouraged financial institutions to participate in the market and to develop the art finance-linked products with expecting market expansion.
About BounceBit
The BounceBit chain, a dual-token PoS Layer 1 secured by BTC and $BB, leverages Bitcoin's security with full EVM compatibility. By designing liquidity custody tokens (LCTs) and partnering with CEFFU, users earn tangible interest from CeFi and utilize LCTs for restaking and on-chain farming.
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About Bounce Brand
Bounce Brand is a decentralized platform dedicated to innovating and fulfilling the evolving needs of the Web3 space. Established in 2020, Bounce Brand is known for offering Auction-as-a-Service, an on-chain auction protocol empowering Launchpad services and permissionless auctions for tokens, NFTs and RWAs.
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Media Contact
Organization: Bounce Brand
Contact Person: Crystal
Website: https://monet.bounce.finance
Email: Send Email
City: Singapore
Country:Singapore
Release id:20050
The post Bounce Brand Partners with SeoulAuction Blue and BounceBit to Present the First On-Chain Auction of Claude Monet’s Paysage appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
