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Sotheby’s sold $35 million worth of digital art in 2023
The 279-year-old British-American auction house also recorded the highest fee for digital artwork yet in 2023.
Fine arts auction house Sotheby’s made “close to $35 million” in digital art sales this year. The numbers were provided by Michael Bouhanna, vice president of the company and its head for digital art, who called 2023 “one of the most exciting years for digital art.”
On Dec. 23, Bouhanna concluded Sotheby’s year results regarding digital art on X (former Twitter). In 2023, Sotheby’s conducted its first live digital art auction with 300 attendees and $12 million in sales. It also recorded the highest fee for digital artwork yet, selling the nonfungible token (NFT) under the title “Ringers #879 ,” created by digital artist Dmitri Cherniak, for $6.2 million.
Altogether, the house has conducted over 25 auctions, focusing exclusively on digital art or including it in contemporary art sales. The company has also launched its own on-chain marketplace for the secondary trade of NFTs, called Sotheby’s Metaverse.
According to Bouhanna, next year, Sotheby’s will focus on “supporting creators and enhancing their primary market strategies.” Cointelegraph reached out for further details.
The 279-year-old British-American clearing house made its first appearance on the NFT scene in April 2021, when it auctioned off the work of a pseudonymous digital artist known as Pak. Since then, Sotheby’s has conducted a number of record-breaking digital art sales.
Read More: https://cointelegraph.com/news/sothebys-sold-35-million-digital-art-2023
The 279-year-old British-American auction house also recorded the highest fee for digital artwork yet in 2023.
Fine arts auction house Sotheby’s made “close to $35 million” in digital art sales this year. The numbers were provided by Michael Bouhanna, vice president of the company and its head for digital art, who called 2023 “one of the most exciting years for digital art.”
On Dec. 23, Bouhanna concluded Sotheby’s year results regarding digital art on X (former Twitter). In 2023, Sotheby’s conducted its first live digital art auction with 300 attendees and $12 million in sales. It also recorded the highest fee for digital artwork yet, selling the nonfungible token (NFT) under the title “Ringers #879 ,” created by digital artist Dmitri Cherniak, for $6.2 million.
Altogether, the house has conducted over 25 auctions, focusing exclusively on digital art or including it in contemporary art sales. The company has also launched its own on-chain marketplace for the secondary trade of NFTs, called Sotheby’s Metaverse.
According to Bouhanna, next year, Sotheby’s will focus on “supporting creators and enhancing their primary market strategies.” Cointelegraph reached out for further details.
The 279-year-old British-American clearing house made its first appearance on the NFT scene in April 2021, when it auctioned off the work of a pseudonymous digital artist known as Pak. Since then, Sotheby’s has conducted a number of record-breaking digital art sales.
Read More: https://cointelegraph.com/news/sothebys-sold-35-million-digital-art-2023
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