According to Fastcompany.com, a piece of art work hosted on a domain name has been sold for $5,000 at the Art Basel show in Miami.

The digital piece of multimedia is hosted on a URL, smokeinmirrors.net and was create by an artist named Alexandra Gorczynski

According to Fast Company the sale of a piece of art hosted on a domain name is purportedly the first of its kind at a major international art festival.

Of course a domain to sell for $5,000 in a common occurrence, but this is really a piece of art that sold and the domain name is the vehicle for the owner to sell the artwork and the buyer to buy the art work.

Being a digital piece of art the artwork can only be seen on the hosted domain.

“After Dark,” was created and presented on the art-sharing platform NewHive.

You can read the entire Fast Company story here.

Pretty interesting stuff.

Art Basel continues this weekend on Miami Beach with satellite shows, events and parties all around Miami, Miami Beach and South Beach.