NFT Platform Valuart to Auction Banksy’s ‘Spike’ Artwork

‘Spike’ is a unique piece of artwork that was created by the enigmatic street artist Banksy in 2005. Today, a “Digital Original” of the physical artwork is going to be auctioned off as a licensed NFT. 50% of the revenue from the auction will be donated to charities to support people suffering from conflicts around the globe. The original piece of artwork, which was created in Palestine during Banksy’s travels in the West Bank, is owned by Vittorio Grigolo. Grigolo is a famous Italian operatic tenor who is also the co-founder of Valuart, the platform on which....

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....

Coinbase's e-commerce platform now offers a new way to spend Elon Musk's favorite meme cryptocurrency. Coinbase Commerce, the e-commerce arm of the United States-based crypto exchange, has added support for Dogecoin payments.According to a Twitter announcement, Dogecoin became the seventh cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal. The platform currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) along with stablecoins Dai (DAI) and USD Coin (USDC). An integration with Coinbase.com enables Coinbase Commerce customers to....

The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind. Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy.Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on a physical work of art. The auction, titled ‘The Now Evening Auction’ features Banksy’s Trolley Hunters and Love Is In....

NFT collector Pranksy has been refunded the 100 Ether he spent on a digital artwork fraudulently claiming to have been composed by popular artist, Banksy. Nonfungible token collector Pransky was duped out of 97.67 Ether, worth $341,500, after the website of popular artist Banksy was hijacked to promote a fake NFT auction.However, almost all of the money has since been refunded. On Aug. 31, Pransky spotted a page on Banksy’s official website promoting an NFT auction on the popular marketplace, OpenSea. Despite voicing his misgiving as to the authenticity of the token, Pranksy opted to....