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The New Masters: How auction houses are chasing crypto millions
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economictimes.indiatimes.comNor would Sotheby's founder Samuel Baker, auctioning hundreds of rare books for about $1,000 in 1744, have envisioned selling a copy of the original source code for the web, as a non-fungible token (NFT), for north of $5 million. Times change.
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View Details »«Everybody wants to sell an NFT,» said Cassandra Hatton, Sotheby's global head of science and popular culture. «My inbox is just absolutely clogged.» Sotheby's has sold $65 million of NFTs in 2021, while arch-rival Christie's has sold more than $100 million of the new type of crypto asset, which uses blockchain to record who owns digital items such as images and
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