This past March, Christie’s auction house set a world record sale for an NFT with a price tag of $69,346.250. It was the first auction of an NFT at Christie’s, and it goes without saying that it was a smashing success.
The sale created a lot of buzz and put a spotlight on NFTs. It was validation that digital art could be bought and sold at high valuations from respected auction houses that deal with high-end clientele.
With the success of its first NFT sale, Christie’s decided to auction more tokens in May. This time, they went with CryptoPunks, a project that was released in 2017. 9 assets from the project were sold as a bundle and hit a price of $17 million, providing even more validation for the NFT space.
As we enter the fall, Christie’s has selected a few other promising NFT projects to be included in two separate auctions: Bored Ape Yacht Club, The Meebits, Curio Cards, Art Blocks Curated and more CryptoPunks. It’s exciting to see the continued interest and commitment of Christie’s to sell even more NFT projects.
I had the chance to catch up with Noah Davis, who leads up NFTs for Christie’s Auction House; this article details our conversation, including how Christie’s got into NFTs in the first place, how he selects projects for the auction and what he makes of the impact on the NFT space with the upcoming auctions.