Hot July at Christie’s: Over $93M in NFT sales and Art+Tech Summit 2021
Christie’s fourth annual Art+Tech Summit was dedicated to discussions of the future of art, collectibles and the world of nonfungible tokens. Christie’s upscale building located in New York City’s Rockefeller Center, Midtown Manhattan. The organizers were exhibiting a 3D frame, which allows a hologram of oneself to be remotely projected elsewhere, and discussing how animated interactive collectible cards will change over time based on the real-life performance of the displayed athletes. Galaxy Digital CEO Mike Novogratz, Canadian artist Mad Dog Jones, head of global marketing at TikTok....
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According to the auction company, its first investment will be in LayerZero Labs, a company developing solutions for enabling omnichain decentralized applications. Christie's, the auction house known for its sales of art and luxury items, has launched an investment fund to support emerging companies with technology enabling “seamless consumption of art.”In a Monday announcement, the auction company said the fund, Christie’s Ventures, will financially support firms in Web3, “art related financial products and solutions,” and technology related to art and luxury goods. According to....
The boom in Non-Fungible Tokens (NFTs) is advancing faster than ever, reaching new price and volume records in 2021: Digital artwork “Everydays — The First 5000 Days,” sold for $69 million at a Christie’s auction in March. Sales of NFTs surged 700%+ to $10.7 billion in Q3 2021 over Q2 2021. The overall value of […]
Christie’s to auction its first purely digital work by Mike “Beeple” Winkelmann through an NFT marketplace. British auction house Christie’s has announced the auction of its first ever “purely digital work of art." Announcing the news Tuesday, Christie’s said that the NFT artwork will be issued in partnership with major NFT marketplace, MakersPlace. Dubbed “Everydays - The First 5000 Days,” the piece was created by Mike Winkelmann, who goes by the name Beeple.According to the official page of the NFT auction, the starting price for the work, which interested parties can bid on from Feb. 25....
There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.” Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8 billion in total sales as of Nov. 5, 2021. At the beginning of 2021, the collectible NFT market started with a total sales volume of $55.5 million. It has since ballooned to $5.6 billion. As reported by Reuters, total....
The new marketplace allows the prestigious auction house to carry out auctions and sales on the Ethereum blockchain “from start to finish.” After a series of successful high-priced nonfungible token (NFT) sales, Christie’s has launched its own dedicated NFT "on-chain auction platform," allowing auctions to be carried out fully on-chain on the Ethereum network. The 256-year-old British auction giant, which is also the second-largest auction house in the world by fine-art auction revenue, said its “Christie’s 3.0” allows for NFT auctions to be conducted entirely on the ETH network “from....