Months after the Beeple sale, Christie’s is still betting on NFTs

By July 30, 2021Ethereum
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Digital artist FEWOCiOUS auctions five NFT works of art along with five physical paintings at Christie's.
Digital artist FEWOCiOUS auctions five NFT works of art along with five physical paintings at Christie's.

Founded in London in 1766, art auction house Christie’s is a symbol of yesteryear—and yet the company appears to be on the cutting edge. In March, Christie’s sold a collage by the digital artist Mike Winklemann, better known as Beeple, for 42,329 Ether, at the time the cryptocurrency equivalent of $69.3 million.

The artwork was sold as a nonfungible token (NFT), a sort of certificate of authenticity minted on the ethereum blockchain.

The sale was part of a larger boom market for NFTs that peaked in February and March, which has somewhat subsided since. But Christie’s remains long on NFTs. The auction house has this year sold a series of Andy Warhol NFTs for a combined $3.3 million, a digital version of Banksy’s street art for $100,000, and a collection from the 18-year-old digital artist FEWOCiOUS for a combined $2.2 million. In short, Christie’s is embracing an emerging market, as is its counterpart Sotheby’s. So Quartz caught up with Noah Davis, Christie’s NFT lead to see where things are headed.

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