DAO To Bid On US Constitution’s Rare Copy At Sotheby’s Auction, Here’s Why

Auction house Sotheby’s plans to auction a rare artwork created by Muhammad Ali in the form of an NFT on Friday. Sotheby’s To Auction Rare Muhammad Ali Art Depicting The 1971 “Fight Of The Century” Sotheby’s and Muhammad Ali Enterprises plan to reveal the non-fungible token on 23 July. The oganizations will display and auction […]

A Decentralized Autonomous Organization (DAO) called ConstitutionDAO pooled over $46M to put “The Constitution in the hands of The People” by buying a rare first printing of the U.S. Constitution during a Sotheby’s auction. But even though the raised a higher sum than the winning bid, they lost the auction. The project became a group of […]

Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million. Major auction house Sotheby’s has completed its cryptocurrency-enabled auction offering Banksy’s iconic protest artwork “Love is in the Air.”According to the auction results, Sotheby’s sold the physical artwork on Wednesday for $12.9 million, significantly up from from originally estimated of $3 million to $5 million. The physical artwork was offered at a Contemporary Art Evening Auction that also featured “Versus Medici” by Jean-Michel Basquiat selling for nearly $51 million.Sotheby’s announced on....

An ultra-rare (and extremely valuable) CryptoPunk is set for a solo auction at Sotheby's. One ultra-rare CryptoPunk is set for some extra stage time at a hotly anticipated upcoming auction. In a Tweet today, luxury auction house Sotheby’s announced that the sale of CryptoPunk #7530, also known as “Covid Alien”, will be offered during a “special, standalone” auction. The Punk was previously announced as part of the “Natively Digital” event, which highlights the history of NFTs and cryptoart with a selection of pieces that include what many consider to be the first-ever NFT, Kevin McCoy’s....

“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk.In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London salesroom for roughly $11.8 million. According to the auction house, this sale represents a new world record for a single CryptoPunk artwork.CryptoPunks, which predate the bulk of the nonfungible token (NFT) craze in 2021, are often small, pixelated depictions of people, apes,....