Months after the Beeple sale, Christie’s is still betting on NFTs

Months after the Beeple sale, Christie’s is still betting on NFTs
·10 min read

Founded in London in 1766, art auction house Christie’s is a symbol of yesteryear—and yet the company appears to be on the cutting edge. In March, Christie’s sold a collage by the digital artist Mike Winklemann, better known as Beeple, for 42,329 Ether, at the time the cryptocurrency equivalent of $69.3 million. The artwork was sold as a nonfungible token (NFT), a sort of certificate of authenticity minted on the ethereum blockchain.

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