Sotheby’s to Allow Live Bidding in Ether for Works by Banksy

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Sotheby’s, the 277-year-old British public sale home, will permit dwell bidding in ether cryptocurrency in an upcoming digital exhibition on Nov. 18 to be held at its “headquarters” in Decentraland.

  • Sotheby’s auctioneer Oliver Barker might be fielding real-time bids from its New York saleroom for avenue artist Banksy’s “Trolley Hunters” and “Love Is In The Air” (2006).
  • Sotheby’s has been accepting cryptocurrency as a type of fee for bodily paintings for some time and offered a separate portray by Banksy in May.
  • Art followers in the public sale can tune in from wherever around the globe and comply with the live-streamed broadcast by following Sotheby’s social media channels.
  • In April, Sotheby’s held its first sale of non-fungible tokens (NFTs) by pseudonymous artist Pak. The sale fetched $16.8 million over a three-day drop.
  • In October, Sotheby’s launched a brand new platform known as “Sotheby’s Metaverse” that permits guests to view digital artworks obtainable at public sale, in addition to be taught concerning the collectors and artists behind NFTs.

Read extra: Sotheby’s Takes Its NFT Experiment Into the Metaverse