Months after the Beeple sale, Christie’s is still betting on NFTs ...Middle East

Quartz - Economy
Months after the Beeple sale, Christie’s is still betting on NFTs
source : Quartz ( Middle East ) () 9
Founded in London in 1766, art auction house Christie’s is a symbol of yesteryear—and yet the company appears to be on the cutting edge. In March, Christie’s sold a collage by the digital artist Mike Winklemann, better known as Beeple, for 42,329 Ether, at the time the cryptocurrency equivalent of $69.3 million.The artwork was sold as a nonfungible token (NFT), a sort of certificate of authenticity minted on the ethereum blockchain.The sale was part of a larger boom market for NFTs that peaked in February and March, which has somewhat subsided since. But Christie’s remains long on NFTs. The auction house has this year sold a series of Andy Warhol NFTs for a combined $3.3 million, a digital v

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