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Christie’s NFT collab with OpenSea closes at a fair $3.6M By BTC Peers

by Mike Robinson

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© Reuters. Christie’s NFT collab with OpenSea closes at a fair $3.6M

Late last month, Christie’s teamed up with leading NFT marketplace OpenSea to debut its first-ever on-chain NFT auction. The collaboration marked the auction house’s inaugural entry into curating NFT sales on the blockchain.

Back then, Christie’s specialist and head of digital Noah Davis said in a statement that:

With this collaboration, we are bringing the Christie’s brand boldly onto the blockchain. OpenSea’s collaboration allows us to bring together our expertise in curation and provenance, with all the benefits of decentralization. […] My hope is that this will be the beginning of a new era for NFT sales at Christie’s, where this amazing technology can be deployed to its full potential and help to onboard even more traditional contemporary art collectors to web 3.

Curated by Davis, NFT now, and Ronnie Pirovino, the auction features a “cutting-edge selection of collectibles and new 1/1’s” from CyberKongz, Tom Sachs, 3LAU, and Ether Rock. You could browse the auction online from December 1-3, and it was open to bidding starting Dec. 4-07. Prior to bidding, the featured pieces were exhibited at Art Basel Miami Beach in an experience titled “The Gateway.”

The sale netted 843 ETH or $3.6 million. As reported by BTC PEERS, The Sandbox purchased CyberKong #201 (aka “Skully”) for almost $800k last week. This was the most popular lot. Another top seller was the animated cloud-wearing suspenders by FriendsWithYou with AR capabilities called fRiENDSiES00001, which went for $415,000. That’s 96.9 Ethereum. 3LAU’s WAVEFORM, a two-minute song sold for 77 ETH or $330,200.

Compared to previous NFT sales results at Christie’s, the almost week-long auction was average. A collection of 14 NFTs with profile pictures from CryptoPunk and MeeBits was worth $12.3 million.

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