In 2023, Sotheby’s, the famous fine arts auction house, made an impressive impact in the digital art industry, with sales hitting $35 million. Based on a report by Michael Bouhanna, the company’s vice president and head of digital art, 2023 was one of the most exciting for digital art. First Live Digital Auction One of… Continue reading Sotheby’s Surges In Digital Art: $35M In 2023 Sales
Tag: Sotheby’s
Sotheby’s Auctions NFTs By Bankrupt Crypto Hedge Fund
Sotheby’s is one of the biggest and oldest auction houses in the world. On May 19, it confirmed the auction of seven NFTs that belonged to the bankrupt crypto hedge fund, Three Arrows Capital (3AC). This auction saw the collection of digital art pieces being sold for an attractive sum of nearly $2.5 million. The… Continue reading Sotheby’s Auctions NFTs By Bankrupt Crypto Hedge Fund
Sotheby’s Metaverse Introduces Innovative On-Chain NFT Marketplace
Sotheby’s has been dominating the NFT auction space in recent years. In that context, the 275-year-old auction house has launched its secondary NFT marketplace within its metaverse. This platform is a home for fine art nonfungible tokens (NFTs). It marks the firm’s additional expansion into the digital asset space. This development has now set Sotheby’s… Continue reading Sotheby’s Metaverse Introduces Innovative On-Chain NFT Marketplace
Gold Bored Ape Sold For $1.5 Million Amid NFT Market Downturn
According to the current market condition, that sale of a gold Bored Ape is considered an outlier. Nevertheless, it is not a record sale on the market. The nonfungible token (NFT) market activities have plunged considerably in the past several months. But, some investors keep adding assets to their collections. One of these investors is… Continue reading Gold Bored Ape Sold For $1.5 Million Amid NFT Market Downturn
What Is CyberBrokers NFT?
While the current bear market in NFTs seems to have wiped out a lot of the shaky projects, those with stronger foundations have continued thriving and their brands and communities keep growing. The CyberBrokers NFT project is in the stronger category. With its ideal, futuristic, cyberpunk art, and well-thought-out storytelling, CyberBrokers has made a name… Continue reading What Is CyberBrokers NFT?
Sotheby’s Art Sales Reach A Record $7.3B So Far In 2021
Sotheby’s has so far sold a staggering $7.3bn (£5.5bn) worth of art and many other collectibles this year. That is the most revenue that it has generated during its 277 years of existence. The auction house credits younger and tech-savvy collectors for these high annual sales. It said on December 15 that an “influx of… Continue reading Sotheby’s Art Sales Reach A Record $7.3B So Far In 2021