There has been a new milestone in the blockchain adoption, this time set by the successful recording of a record-breaking art sale on a blockchain. It all began on November 13th when the Barney A. Ebsworth Collection recorded a sale at the famous Christie’s auction house in New York and raised a total of $317,801,250 – and went viral in today’s crypto news.
The sale quickly became the most valuable art auction to be ever recorded on a blockchain. In an official press release about it, Christie’s revealed that the auction was handled in partnership with the art-focused technology provider Artory by using its permissioned blockchain to host the auction information.
During the night, at least thirteen auction records were set, with the Chop Suey piece by Edward hopper fetching an amazing $91,875,000. Including participants from 23 countries bidding for an art collection curated by the famous collector Barney A. Ebsworth, the auction had the work of artists such as Jackson Pollock, William de Kooning, Charles Demuth and Georgia O’Keeffee.
In total, 42 art pieces were auctioned off with Artory’s private Ethereum blockchain implementation that recorded all of the details of the sale. This Thursday, a new batch of 49 pieces from the Barney A. Ebsworth collection are set to go on auction again, described as ‘the most important privately-held collection of the 20th Century American Art’.
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