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Art on the Block: Christie’s Big Bet on Blockchain
Last month in New York City, legendary auction house, Christie’s, set a world record by fetching $323.1 million for the Ebsworth Collection.
Not only did the auction shatter records for the highest prices ever secured for a collection as well as for 13 individual artists, but it also was the first art sale of this magnitude recorded on the blockchain. Partnering with Artory, a blockchain-based registry that tracks provenance for art and collectibles, Christie’s is leading the way in bringing mass adoption of the blockchain to the art world.