Category: sotheby’s

Asian Auction House Phillips Will Accept Crypto at Auction for a Physical Piece of Banksy Art

The well-known Phillips Auction House has announced the company plans to accept cryptocurrency for the first time in a physical art auction set for June 7-8. Phillips will be auctioning a world-famous piece of artwork called the “Laugh Now Panel” created by the anonymous street artist Banksy. ‘Laugh Now’- Phillips to Accept Cryptocurrency at a […]

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Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says

The CEO of Paypal has revealed that the company’s cryptocurrency business is showing “really great results.” The first quarter was Paypal’s best quarter ever overall and the strongest year in the history of the company, the CEO emphasized. Paypal Sees ‘Really Great Results’ in Its Crypto Efforts Payments giant Paypal reported its first-quarter earnings Wednesday. […]

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Auction house Sotheby’s announces its second NFT sale set for June

Sotheby’s is hosting its second non-fungible token (NFT) sale, the major luxury auction house announced Thursday.  The curated NFT sale, titled “Natively Digital,” will feature work from several prominent artists, including the first-ever, minted NFT “Quantum” by Kevin McCoy, “Alien,” a CryptoPunk created by crypto studio Larva Labs, and “The Shell Record,” by generative artist […]

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Auction house Sotheby’s to accept bitcoin and ether for a physical artwork via Coinbase

Centuries-old auction house Sotheby’s has collaborated with Coinbase to accept bitcoin and ether for a physical artwork for the first time. The artwork, Love Is In The Air, is a painting by popular graffiti artist Banksy. It will be on auction on May 12 at Sotheby’s New York. Bidding for the work is estimated at […]

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Top Auction House Sotheby’s to Accept Cryptocurrencies via Coinbase for Physical Art

Sotheby’s, the world’s largest auction house, will start accepting cryptocurrencies for physical art. The first auction for which bitcoin and ether will be accepted is Banksy’s Love is in the Air image at the Contemporary Art Evening Auction. The piece is estimated to sell for between $3 million and $5 million. Sotheby’s Accepts Bitcoin and […]

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Justin Sun Lands NFT Collection at Sotheby’s and Nifty Gateway Joint Auction

TRON Founder and BitTorrent CEO Justin has won a collection of NFTs as the highest bidder in a sale by renowned auction house Sotheby’s. Digital artwork by leading NFT artist Pak was purchased by Sun in “The Fungible Collection” auction. During the three-day event, three NFT series created by the famous artist Pak were auctioned. […]

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Digital artist Pak launches new token that can only be obtained by ‘burning’ NFTs

Digital artist Pak has launched a non-fungible token (NFT) burning platform called burn.art and a token dubbed ASH. Sharing the news exclusively with The Block, a spokesperson for Pak and Sotheby’s told The Block that burn.art allows any NFT owner to burn their NFTs and obtain ASH in return. “Burning” refers to the process of […]

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Auction house Sotheby’s is hosting its first NFT sale next week

Luxury auction house Sotheby’s is hosting its first-ever non-fungible token (NFT) sale featuring work created by Pak, an anonymous digital artist.  According to an announcement published Tuesday, the collection will include NFTs in the form of digital “cubes.” The individual NFTs are: A Cube (1), Five Cubes (5), Ten Cubes (10), Twenty Cubes (20), Fifty […]

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World’s Fourth Oldest Auction House Sotheby’s Joins the NFT Ecosystem With a Mysterious Artist

Following the $69 million non-fungible token (NFT) digital art auction at the world-famous auction house Christie’s, the British-founded American multinational corporation Sotheby’s is joining the NFT hype. Sotheby’s is partnering with a popular digital artist dubbed “Pak” for the NFT sale as the brokerage house believes it is important to work with established NFT artists. […]

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High-end auction house Sotheby’s plans to hold its first NFT sale next month

Luxury auction house Sotheby’s has announced its first-ever non-fungible token (NFT) sale. The auction which will feature work by PAK, an anonymous digital artist.  The NFT, titled “The Cheap,” will be on sale starting next month. The exact date of the auction has not been announced yet.  In an interview with CNBC’s Squawk Box, Sotheby’s […]

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