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World’s Fourth Oldest Auction House Sotheby’s Joins the NFT Ecosystem With a Mysterious Artist

Sumary of World’s Fourth Oldest Auction House Sotheby’s Joins the NFT Ecosystem With a Mysterious Artist:

  • Following the $69 million non-fungible token (NFT) digital art auction at the world-famous auction house Christie , the British-founded American multinational corporation Sotheby is joining the NFT hype…
  • Sotheby Partners With Digital Artist Pak to Introduce the Company First NFT Auction Sotheby is one of the world largest brokers of fine and decorative art, jewelry, and collectibles since 1744…
  • It is also the world fourth oldest auction house and now the company says it is entering the non-fungible token (NFT) ecosystem…
  • The company is likely eying the money being made after Beeple sold an NFT at the auction house Christie last week raking in $69 million…
  • The Beeple sale was the fourth-largest art sale in 2021, and Sotheby plans to get in on the action with an anonymous NFT artist called Pak…
  • Sotheby announcement is rather cryptic and the company says it can’t reveal all the details concerning the upcoming NFT sale…
  • There not much information about the anonymous artist Pak either, Sotheby announcement emphasized that this is “just the first step for us.”..
  • “We wanted to partner with Pak because we are entering a whole new world with digital art, and we felt it was important to work with an artist who has been active in the community for many years,”..
  • Sotheby Plans to Introduce Popular Contemporary Artists Into the Digital Art Space Sotheby further added it is also looking for the means to “how we can not only enter the digital art sphere, but create a bridge from digital art to our auction business.”…

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