November 8, 2024

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Sotheby’s auction house launches on-chain secondary NFT marketplace

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Sotheby’s auction house launches on-chain secondary NFT marketplace

Luxury auction house Sotheby’s has announced the addition of a new on-chain marketplace that allows digital art collectors to purchase secondary NFTs.

While many pre-existing

On June 11, 2021, Sotheby’s sold a rare CryptoPunk known as “Covid Alien” for a staggering $11.8 million.

Just three months later on Sept. 10, Sotheby’s facilitated an action of 101 Bored Ape NFTs that cleared a total of $24 million.

In November 2021 Sotheby’s conducted the largest NFT charity auction in history, auctioning off 140 rare NFTs to raise funds for the nonprofit healthcare organization Sostento.

Magazine: 4 out of 10 NFT sales are fake: Learn to spot the signs of wash trading