Christie’s teams up with OpenSea to auction Ethereum NFTs

By November 25, 2021NFT
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Renowned auction house Christie’s has joined hands with leading NFT marketplace OpenSea to auction a series of curated Ethereum-based NFTs. Christie’s disclosed this news through a tweet on November 23, noting that the NFTs would drop on December 1.

The auction house noted that collectors will be free to browse through the collection starting December 1 until December 3. Bidding will commence on the fourth of December and run until the seventh. Reportedly, OpenSea will host the auction, and bidding will be in Ethereum (ETH).

The team behind curating the NFTs includes Christie’s Head of Digital and Online Sales, Noah Davis, and entrepreneur Ronnie Pirovino. NFT Now, an NFT news and analytics website has also contributed to creating the collection.

Allegedly, the collection will comprise NFTs from renowned digital artists like Andre O’Shea, Alpha Centauri Kid, Ash Thorp, Beige, Blake Kathryn, CyberKongz, DotPigeon, EtherRock, FriendsWithYou, Fvckrender, GMUNK, Joshua Davis, KESH, Krista Kim, Maciej Kucera, Mad Dog Jones, Tom Sachs, Olive Allen, Oseanworld, Victor Mosquera, WhIsBe, and Recur.

Bringing Christie’s to the blockchain

This news comes after Christie’s made its debut in the NFT space in October last year and proceeded to make headlines in March 2021 after auctioning Beeple’s Everydays: The First 5000 Days for $69.3 million. Since then, the auction house has been actively involved with the digital collectibles space, with its NFT trading volume surpassing $100 million in September.

In yet another high-profile NFT sale, Beeple’s latest work HUMAN ONE, a hybrid of physical and digital art, fetched $28.9 via a Christie’s auction earlier this month.

While Christie’s has handled the two largest digital art auctions, it is worth noting that its partnership with OpenSea marks the first time the auction house has partnered directly with an NFT marketplace.

Commenting on this development, Davis said this collaboration introduces Christie’s brand to the blockchain. He added that joining hands with OpenSea allows Christie’s combines the auction house’s expert curation and prestigious provenance with the convenience of decentralization.

Meanwhile, OpenSea has proven to be the leading NFT marketplace after recording a trading volume exceeding $11 billion since going live four years ago. 2021 contributed the bulk of this volume after the NFT boom. Over the past 30 days, the marketplace handled NFT transactions worth $1.66 billion, according to data from DappRadar.

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