Christie’s has teamed with non-fungible token (NFT) marketplace OpenSea for a series of curated auctions beginning December 1 in an effort to reinforce its identity as the location for digital art auctions.
Christie’s X @opensea will begin on December 1st.
The “Christie’s X OpenSea” cooperation will be hosted on the OpenSea website, with bidding and payments paid in Ethereum. Bidders will go to the OpenSea website and place bids on the digital art being displayed to participate in the auction.
Andre O’Shea, Alpha Centauri Kid, Ash Thorp, Beige, Blake Kathryn, CyberKongz, DotPigeon, EtherRock, FriendsWithYou, Fvckrender, GMUNK, Joshua Davis, KESH, Krista Kim, Maciej Kucera, Mad Dog Jones, Tom Sachs, Olive Allen, Oceanworld, Victor Mosquera, WhIsBe, and Recur will also be included.
Christie’s Head of Digital and Online Sales Noah Davis, entrepreneur Ronnie Pirovino, and NFT news and analytics portal NFT Now are in charge of collection curation.
Christie’s sold its first NFT, “Every day’s: The First 5000 Days” by Beeple, for a record $69 million in March 2021. Since then, it has proceeded to penetrate the NFT sector, with more than $100 million in NFT sales reported last month. Beeple’s HUMAN ONE, a moving 3D sculpture, sold for $28.9 million at Christie’s earlier this month.
While Christie’s has been a popular venue for digital artists to exhibit their work, this is the first time that an NFT marketplace has collaborated directly with the auction house for a series. In addition, a prominent partner: According to Web 3 analytics website DappRadar, OpenSea has become the largest marketplace for digital art, with over $11 billion in trading volume since its start in 2017.
“With this collaboration, we are bringing the Christie’s brand boldly into the blockchain,” said Davis in a press release. “Our collaboration with OpenSea allows us to combine our expert curation and prestigious provenance with the convenience of decentralization.”
Potential buyers can peruse the collection of NFTs beginning December 1st. The auction will be open to the public from December 4 to 7.