Today, legacy auction house Sotheby\u2019s launched its own secondary marketplace for fine art NFTs, according to information shared exclusively with nft now.<\/li>\n
The marketplace is an expansion of Sotheby\u2019s Metaverse, the company\u2019s digital artwork and collectibles platform. The peer-to-peer marketplace will feature fully on-chain sales showcasing a rotating selection of high-profile Web3 artists curated by Sotheby\u2019s specialists. All transactions will take place on the Ethereum and Polygon networks. Collectors will be able to purchase works on the platform with ETH or MATIC. <\/li>\n
To inaugurate the marketplace\u2019s launch, Sotheby\u2019s is offering collectors a chance to buy and list works by 13 Web3-defining artists, including Tyler Hobbs, XCOPY, Claire Silver, Diana Sinclair, Sam Spratt, Pindar Van Arman, and more.<\/li>\n<\/ul>\n\n
Dive deeper<\/h2>\n
When Sotheby\u2019s makes a move in Web3, people pay attention. The auction house has facilitated some of the most historic sales in the NFT world\u2019s existence. Perhaps the most notable of these were Pak\u2019s $17 million auction with the company in April 2021 and the first of the auction house\u2019s Natively Digital series in June of the same year. Natively Digital saw Jennifer and Kevin McCoy\u2019s Quantum, the first NFT ever made, sell for over a million dollars. Recognizing the significance of the Web3 movement in the fine art world, the company launched Sotheby\u2019s Metaverse in October 2021 and hasn\u2019t looked back since. <\/p>\n
\u201cWhen Sotheby\u2019s Metaverse first launched more than a year ago, our goal was to bring to market a first-of-its-kind platform that would be distinguished by the expertise and vision of our specialists to curate sales of NFTs,\u201d Sebastian Fahey, Sotheby\u2019s Managing Director, EMEA, and Executive Lead for Metaverse said in a press release shared with nft now. <\/p>\n
\u201cNow, we are continuing to advance and evolve our platform to offer new and more seamless ways for the community to discover and collect new forms of digital collectibles, from limited edition NFTs to unique works by the artists redefining perceptions of digital art.\u201d<\/p>\n
The new secondary marketplace will feature a rotating selection of artists\u2019 work selected by Sotheby\u2019s digital art specialists. The first 13 artists to be included in the platform\u2019s launch are Tyler Hobbs, Claire Silver, XCOPY, Diana Sinclair, IX Shells, Sarah Zucker, Refik Anadol, Sofia Crespo, Sam Spratt, Pindar van Arman, Osinachi, Hackatao, and Sebasti\u00e3o Salgado. <\/p>\n