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

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.