Home Tech Christie’s to Hold Auction of Some of the Oldest NFT Art —...

Christie’s to Hold Auction of Some of the Oldest NFT Art — With Live Bids in ETH

British auction house Christie’s is going to hold an auction for some of the oldest NFTs ever, and will be taking live bids in Ether (ETH) crypto tokens, which the company said is a first for any leading auction house. Aside from these CurioCards NFTs, Christie’s will be auctioning NFTs from the Art Blocks curated collection. The title of this auction is “Post-War to Present”. As part of the auction, modern artists would be allowed to hand pick their favourite post-war artworks from over 200 choices, and pay for them in Ethereum.

As per news portal ArtDaily, “Art Blocks Curated” — a collection 31 post-war art projects assembled by the Canadian collector Barcella will be marking the start of the auction on October 1.

In addition, CurioCards, which is an online art platform for digital artists and collectors will also be putting some of the oldest artworks made on the Ethereum blockchain for auction.

These artworks include full set of 30 cards along with 17b — which is a set of 31 non-fungible tokens (NFTs). Representing real-world objects like art, music, in-game items and videos, NFTs are highly valued digital assets which uses blockchain to record the ownership status of the aforementioned items. While anyone can view the item, only the buyer of an NFT has the official status of being its owner.

Works by celebrated artists such as Helen Frankenthaler, Joan Mitchell, Elaine de Kooning, and Grace Hartigan will be part of the auction alongside the works of Wayne Thiebaud.

The London, UK-based auction house tweeted about the upcoming bid-fest, stirring up buzz among art enthusiasts.

CurioCards also posted a short video showing the cards it is putting up for world’s first auction in the ETH cryptocurrency.

In recent months, several cryptocurrency-based auctions have fetched whopping amounts of money in the art world.

Earlier in July, an auction of NFTs and physical artwork by 18-year-old transgender artist FEWOCiOUS fetched $2.16 million (roughly Rs. 16 crores) at Christie’s, reports had revealed. Christie’s also held an auction of Beeple’s Everydays collection earlier in March — setting a trend for highly valued NFT art sales.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Source link


Qualcomm Unveils Snapdragon 8 Gen 1 SoC With 4x Faster AI Performance, Better Graphics Rendering

Qualcomm unveiled Snapdragon 8 Gen 1 at the annual Snapdragon Tech Summit on Wednesday — as its new 5G mobile platform for next-generation...

Infinix Inbook X1, Inbook X1 Pro Laptops Set to Launch in India on December 8; Specifications Revealed

Infinix Inbook X1 is set to launch in India on December 8, the company has confirmed a week after announcing its upcoming laptop....

Tweaked Feature Enables Ethereum Tips Alongside Bitcoin on Twitter a Day After Jack Dorsey Resigns

A day after Twitter CEO Jack Dorsey resigned, famed tech blogger Jane Machun Wong cracked a way to add Ethereum to Twitter's...


Please enter your comment!
Please enter your name here

Most Popular

People with A, B blood groups and Rh+ more vulnerable to Covid-19, says new study | Health

A new study suggests that people with blood group A, B and those with Rh factor (Rhesus factor) positive are more "susceptible to...

World AIDS Day 2021: Symptoms, Transmission And Treatment

<!-- -->HIV has claimed the lives of 36.3 million individuals till now.Human immunodeficiency virus (HIV), the disease that causes AIDS, has claimed the...

CNN Suspends Anchor Chris Cuomo, Says He Helped His Brother, New York Ex-Governor Andrew Cuomo

<!-- -->Chris Cuomo is under scrutiny for his involvement in his brother's defense.New York, United States: CNN said Tuesday it had indefinitely suspended...

Omicron Covid variant: White House plans to tighten travel rules to contain the pandemic | Travel

The Biden administration plans to tighten travel rules to combat the omicron variant of the coronavirus, by requiring all air travellers to the...

Recent Comments