The First Art Newspaper on the Net    Established in 1996 Friday, December 9, 2022


Sotheby's ramps up NFT operations
MoonCat 10. Courtesy Sotheby's.



NEW YORK, NY.- Sotheby's auction house launched a dedicated platform for collectors of NFTs Thursday and announced a twice-a-year sale of the digital objects, a sign of its commitment to the craze.

A non-fungible token (NFT) is a digital object that can be a drawing, animation, piece of music, photo, or video with a certificate of authenticity created by blockchain technology. This authentication by a network of computers is considered inviolable.

They have become hugely popular against the backdrop of the pandemic, boosting the contemporary art market.

According to a report published by Artprice this month, NFT sales now represent two percent of the global art market.

Almost unknown a year ago, they have broken records at auctions.

In March, Christie's sold a fully digital artwork by American artist Beeple for $69.3 million in March.

In July, Sotheby's sold the World Wide Web source code for $5.4 million.

On Sotheby's "Metaverse," buyers will be able to create a personal profile, with an avatar designed by the crypto designer Pak.

They will be able to make payments in fiat currencies or cryptocurrencies including Etherum, bitcoin and USDC, Sotheby's said in a press release.

The first sale, called "Natively Digital 1.2: The Collectors," will take place between October 18 and October 26, with 53 lots.

Among the works available are creations by Pak, Rare Pepe and Larva Labs.

Sotheby's said the sale will become a biannual event.

© Agence France-Presse










Today's News

October 15, 2021

U.S. charges once-rising artist with selling Raymond Pettibon forgeries

Sotheby's ramps up NFT operations

Powerful auction veterans aim new company at Asian market

Shredded Banksy canvas sells for record £18.58 million

Frieze London art fair returns after pandemic break

Julie Bargmann wins global Oberlander Prize with $100,000 award

Anne Imhof's stylish (and shareable) provocations

Exuberant art and cable car can lift a poor, violent place only so high

An Italian art haven along the Hudson

Nicola Vassell Gallery now representing Ming Smith

The Beatles are back with a happier ending

Hake's Nov. 2-3 Premier Auction led by Capt. America hero prop shield screen-used by Chris Evans in 'Avengers: Endgame'

Mary Bloom, photographer to the dog stars, dies at 81

This pristine beach is one of Japan's last. Soon it will be filled with concrete.

Review: 'Thoughts of a Colored Man' preaches to the choir

Destination Crenshaw moves ahead with a first round of public sculptures

Review: The Met's 'Turandot,' strongly sung, garishly staged

Netflix, UNESCO team up for Africa talent hunt

Le Carré's final, elegiac novel released posthumously

Pan-African film fest defies pandemic and jihadists

A female conductor joins the ranks of top U.S. orchestras

An 'allegory for our times': The Royal Ballet's 'Dante Project'

Yunior Garcia: Cuban playwright takes on the government

The Barnes Foundation announces appointment of James Claiborne, Curator of Public Programs

Parimatch bookmaker - the leader company on the sports betting market

How Does Art Contribute To Alcohol Recovery?

A Guide For Speciality Mortgage Loans And Everything That Comes Along

5 Tips for a Beginner at a Canadian Online Casino

What Features Should You Check When Buying a Jacobsen Golf Mower?




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful