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Sotheby’s to Allow Live Bidding in Ether for Works by Banksy
Auctioneer Oliver Barker will be fielding real-time bids for the famed street artist’s “Trolley Hunters” and “Love Is In The Air.”
Sotheby’s, the 277-year-old British auction house, will allow live bidding in ether cryptocurrency in an upcoming virtual exhibition on Nov. 18 to be held at its “headquarters” in Decentraland.
- Sotheby’s auctioneer Oliver Barker will be fielding real-time bids from its New York saleroom for street artist Banksy’s “Trolley Hunters” and “Love Is In The Air” (2006).
- Sotheby’s has been accepting cryptocurrency as a form of payment for physical artwork for a while and sold a separate painting by Banksy in May.
- Art fans interested in the auction can tune in from anywhere around the world and follow 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 new platform called “Sotheby’s Metaverse” that allows visitors to view digital artworks available at auction, as well as learn about the collectors and artists behind NFTs.
STORY CONTINUES BELOW
Read more: Sotheby’s Takes Its NFT Experiment Into the Metaverse
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
