christie's

ChainCatcher news, Christie's CEO Bonnie Brennan stated that last year 80% of collectors participated in auctions online. Christie's Ventures will invest in innovative technologies related to the art market, focusing on four major areas: Web3, artificial intelligence, fintech, and hardware.It is reported that Christie's Ventures previously focused on three areas: Web3, art-related financial products, and art consumption solutions and technologies.

ChainCatcher news, Christie's International Real Estate has established a new department focused on property transactions conducted with cryptocurrency. This department aims to promote the use of cryptocurrency for purchasing luxury properties and is currently accepting offers for luxury properties valued at $1 billion that only accept pure cryptocurrency bids.The Southern California branch manager Aaron Kirman created this department inspired by recent high-priced cryptocurrency real estate sales. The department is equipped with a professional team consisting of lawyers, analysts, and cryptocurrency experts who can facilitate cryptocurrency payments without the need for intermediary banks. Kirman stated that he has presided over some transactions where the seller was unaware of the buyer's identity, but the seller's broker's lawyer would verify the legitimacy of the buyer's source of funds.After evaluating several high-value transactions using cryptocurrency over the past two years, Christie's decided to establish this department. Recently, at the request of a client, a $65 million real estate transaction in Beverly Hills, USA, has been completed using cryptocurrency.

ChainCatcher news, according to CoinDesk, Christie's will provide blockchain-based digital ownership certificates for each lot at the auction "Focus on the Real: The Photographs from the Collection of Ambassador Trevor Traina," held at Rockefeller Center in New York.It is reported that this auction involves 130 works, and the ownership certificates will be minted on Base, an Ethereum Layer 2 blockchain developed by Kresus on Coinbase. Christie's ventured into blockchain technology as early as 2021 when it auctioned Beeple's "Everydays" series for a price of $69 million.

ChainCatcher news, according to Decrypt, the dynamic Bitcoin inscription artwork "Ascend" will participate in the live auction at Christie's London on October 10. This piece is the only digital artwork in the auction and is the first dynamic Bitcoin inscription artwork to be featured at Christie's.It is reported that the artwork depicts the beauty of decay of the Tskaltubo sanatorium in Georgia, which was a famous health resort during the Soviet era, built between 1952 and 1962, and has now become a ruin. The piece is inscribed on the Bitcoin blockchain using the Ordinals protocol, switching between day and night modes, reflecting the real-time of Georgia through a 30-minute transition process.

ChainCatcher news, according to CoinDesk, auction house Christie's has collaborated with luxury brand Gucci to launch an NFT series titled "Future Frequencies: Explorations in Generative Art and Fashion," which includes 21 NFTs created by AI artist Claire Silver, generative artist Emily Xie, decentralized autonomous artist Botto, and others.It is reported that the auction will begin bidding on July 18 on Christie's digital art platform Christie's 3.0 and will end on July 25. (source link)

ChainCatcher news, according to Blockworks, 3D holographic technology company Proto has received investment from Christie's Ventures, the auction house under Christie's, with the specific amount undisclosed. Proto and Christie's have collaborated multiple times over the past year, with Christie's using 3D holographic technology to showcase traditional artworks and blockchain-based NFT artworks in galleries worldwide.ChainCatcher previously reported that in July this year, Christie's launched the investment fund Christie's Ventures, aimed at providing financial resources and expert support to emerging technology and fintech companies to create solutions related to the art market. The fund focuses on three areas: Web3, art-related financial products, and art consumption solutions and technologies. (Blockworks)

Chain Catcher news, Christie's has announced a collaboration with Manifold, Chainalysis, and Spatial to launch the NFT platform "Christie's 3.0." This platform will help traditional auction houses achieve NFT sales, with all transactions (including post-sale processing) being automated and on-chain.It is reported that the first sale on Christie's 3.0 will feature nine new NFT works by crypto artist Diana Sinclair. (source link)