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Christie's partners with OpenSea to auction NFTs



Renowned auction house Christie's has partnered with leading NFT marketplace OpenSea to auction a range of Ethereum NFTs. Christie's shared the news in a tweet on Nov. 23.

The auction house pointed out that there is an opportunity to browse the collection between December 1st and 3rd. The bids will start on December 4th and will run through December 7th. According to reports, OpenSea will host the auction, with bids being placed in Ethereum (ETH).

The team curating the NFTs consists of Noah Davis, head of digital and online sales at Christie's, and entrepreneur Ronnie Pirovino. NFT Now, a website for NFT news and analysis also helped create the collection.

Allegedly, the NFT collection is made by well-known digital artists such as 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, Oseanworld, Victor Mosquera, WhIsBe and Recur.

Christie's is becoming increasingly involved in the NFT industry

That news comes after Christie's made its NFT debut last October and hit the headlines in March 2021 when the artist Beerple sold The First 5000 Days for $ 69.3 million. Since then, the auction house has been actively involved in the field of digital works of art. Its NFT trading volume exceeded $ 100 million in September.

In another high-profile NFT sale, Beeple's latest work "HUMAN ONE" reached a price of $ 28.9 million at a Christie's auction earlier this month. The NFT is a mix of physical and digital art.

Christie's has held the two largest auctions for digital art, but so far the auction house has not worked directly with any NFT marketplace. The partnership with OpenSea is the first of its kind.

Davis commented on this development by saying that this collaboration should establish the Christie's brand in the blockchain industry. He added that working with OpenSea allows Christie's to combine the expert curation and prestigious provenance of the auction house with the convenience of decentralization.

In the meantime, OpenSea has proven to be the leading NFT marketplace. It has traded more than $ 11 billion since it went live four years ago. The NFT boom contributed significantly to 2021. In the past 30 days, the marketplace processed $ 1.66 billion in NFT transactions, according to data from DappRadar

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