At the end of last month, Christie’s partnered with the major NFT marketplace, OpenSea, to debut the first ever on-chain NFT auction. This collaboration shows that the auction house is the first to enter the curation of NFT sales on the blockchain.
At the time, Christie’s specialist and head of Digital Noah Davis said in a statement:
This collaboration boldly incorporates the Christie brand into the blockchain. Collaboration with OpenSea allows you to combine expert curation and top-notch history with the convenience of decentralization. […] My hope is that this is the beginning of a new era of NFT sales at Christie’s, helping to take full advantage of this amazing technology and incorporate more traditional contemporary art collectors into Web 3.
Curated by Davis, NFT now, and Ronnie Pirovino, the auction will feature Cyber Kongz, Tom Sachs, 3LAU, and EtherRock’s “state-of-the-art collections and new 1/1.” The auction will be available online from December 1st to 3rd and will be available for bidding from December 4th to 7th. Prior to bidding, the featured work was exhibited at Art Basel Miami Beach with an experience titled “The Gateway”.
In total, the sale generated 843 ETH, or about $ 3.6 million. As reported by BTC PEERS, The Sandbox bought Cyber Kong # 201 (aka “Skully”) last week for about $ 800,000. This sale occupied the top lot. Other best-selling items included an animated cloud-covered suspender with AR capabilities by FriendsWithYou. It was called fRiEND SiES 00001 and sold for $ 415,600 or 96.9 ETH. A 2-minute song sold for 3LAU’s WAVEFORM, 77ETH or $ 330,200.
Compared to previous NFT sales at Christie’s, the auction for almost a week was average. For example, the collection of 14 profile pictures NFTs from the CryptoPunk, MeeBits, and Bored Ape Yacht Club collections raised $ 12.3 million in September.
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