Christie’s auction house partners with NFT Marketplace OpenSea for art sales

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Christie’s auction house has partnered with OpenSea, a marketplace for non-fungible tokens (NFTs). Inspired by real-world objects like works of art, songs, and games, NFTs are digital collectibles that can be bought with fiat or cryptocurrencies. In the past few days, the NFT room has seen a huge boom as more and more people hop on the NFT collection trolley. In August, OpenSea posted sales of $ 3.4 billion in the NFT category.

This collaboration, called “Christie’s X OpenSea,” begins in December with the on-chain auction of NFTs, curated by Christie’s and hosted on OpenSea.

The pieces on sale are a mix of collectibles handpicked by Christie’s specialist and digital and online sales manager, Noah Davis, as well as crypto collector and curator Ronnie Pirovino, among others, as stated by Christie’s.

Artwork by artists such as Andre O’Shea, Recur, Oseanworld, GMUNK, Ash Thorp and many others are featured in this auction.

“My hope is that this will mark the beginning of a new era for NFT sales at Christie’s, where amazing technology can reach its full potential and facilitate the onboarding of even more traditional contemporary art collectors on Web3,” said Davis, the project Leave a Comment. Web3 is a term that refers to the decentralized future of the Internet as we know it.

The collection will be open for browsing from December 1st to 3rd, while the auctions will be open from December 4th to 7th.

In the third quarter of 2021, NFT sales rose to $ 10.7 billion (roughly Rs 79,820 billion), more than eight times the quarter-on-quarter figure, according to data from market tracker DappRadar.

Christie’s has been optimistic about its NFT artwork auction lately.

In early November, Christie’s auctioned off HUMAN ONE, a futuristic work of art by American digital artist Mike Winkelmann, better known as Beeple, which sold in New York City for $ 28.9 million (approximately Rs. 215 billion)

NFT art is also gaining momentum in India.

Recently, Bollywood stars like Amitabh Bachchan and Salman Khan have entered the NFT room auctioning NFTs related to cinema and their identity.

Other Indian celebrities like Manish Malhotra and Dinesh Karthik also sold NFTs of their sketches and cricket moments.

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