UK auction house Christie’s to hold auction for some of the oldest NFTs of all time and accept live bids on crypto Ether (ETH) tokens, which the company says is a first for many. auction house. In addition to these NFT CurioCards, Christie’s will be auctioning NFTs from the collection organized by Art Blocks. The title of this auction is “Post-War to Present”. As part of the auction, modern artists would be allowed to choose their favorite post-war artwork from over 200 choices and pay for them on Ethereum.
According to news portal ArtDaily, “Art Blocks Curated” – a collection of 31 post-war art projects assembled by Canadian collector Barcella will begin the auction on October 1.
Additionally, CurioCards, which is an online art platform for digital artists and collectors, will also auction some of the oldest works of art made on the Ethereum blockchain.
These works of art include a full set of 30 cards as well as 17b – which is a set of 31 non-fungible tokens (NFTs). Representing real-world objects such as art, music, in-game items, and videos, NFTs are highly regarded digital assets that use the blockchain to record the ownership status of the aforementioned items. While anyone can view the object, only the purchaser of a DTV has official status to own it.
Works by famous artists such as Helen Frankenthaler, Joan Mitchell, Elaine de Kooning and Grace Hartigan will be part of the auction alongside works by Wayne Thiebaud.
The London, UK-based auction house tweeted about the upcoming bid, sparking a buzz among art lovers.
We are proud to announce the sale of Art Blocks Curated: Sets 1-3, as part of the Post-War to Present auction in New York on October 1. The auction for this lot will take place live in ETH, a first for a leading auction house. #NFT #digital art # online auction @artblocks_io pic.twitter.com/jDNK6VviYi
– Christie’s (@ChristiesInc) September 7, 2021
CurioCards also posted a short video showing the cards it is setting up for the world’s first auction in ETH cryptocurrency.
✨CuriCards goes @ChristiesIncOctober 1! Curious to know more about #Curious Cards?
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– Curio Cards (@MyCurioCards) September 9, 2021
In recent months, several cryptocurrency-based auctions have brought in huge sums of money in the art world.
Earlier in July, an auction of NFT and physical artwork by 18-year-old transgender artist FEWOCiOUS grossed $ 2.16 million (approx Rs. 16 crore) at Christie’s, reports revealed . Christie’s also hosted an auction of Beeple’s Everydays collection in early March, setting a trend for the much-loved NFT art sales.