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Sotheby’s Enters NFT Digital Art Market, Considers Broader Cryptocurrency Options

Tracy CHEN

Summary: According to WSJ, less than a week after Christie’s sold a digital collage to an investor who paid $69 million in cryptocurrency, rival auction house Sotheby’s said it was considering an option to eventually let bidders use digital currencies to pay for physical artworks — from prints to Pablo Picassos — as well as digital ...

According to WSJ, less than a week after Christie’s sold a digital collage to an investor who paid $69 million in cryptocurrency, rival auction house Sotheby’s said it was considering an option to eventually let bidders use digital currencies to pay for physical artworks — from prints to Pablo Picassos — as well as digital works.

Tracy Chen