Christie’s auctioneers record record $318M in art sales on blockchain

Major auction house Christie’s has made history by tracking $317.8 million worth of art auctions via blockchain, as one of the greatest privately owned collections of American Modernist art went under the hammer overnight. In a record-breaking slew of auctions, 42 pieces were sold, with details of the auctions recorded on a permissioned (private) implementation of the Ethereum blockchain managed by software company Artory. A Christie’s press release (spotted by Artlyst) noted the record sales mark the first time an art auction at this price level has been written to a blockchain. Bidders hailing from 23 countries competed to own…

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