Christies auction house launched its own NFT-marketplace

Christies platform will conduct full auctions. Which will include post-sale transactions, on Ethereum blockchain

Auction house has launched its own NFT-marketplace called Christies 3.0. The platform will run on the Ethereum network. Auctions will be conducted entirely using blockchain technology, according to their website.

Previously, one of oldest auction houses has already repeatedly conducted sales of NFT-artworks. Throughout 2021, it sold nearly $150 million worth of NFT at its auctions. Payments for digital works of art were made in Ethereum. And the trading house received commissions in traditional ways, in fiat currencies.

Our experts noticed to participate in auctions on Christies  3.0 platform. A new user will need to connect an existing cryptocurrency wallet. Of cryptocurrencies auction site accepts only Ethereum for payment. Taxes will also be accrued in ETH.

Remind that in March 2021, an electronic picture of a modern artist Beeple. And NFT token attached to it was sold at Christie’s auction for a record $69.35 million. Artwork of artist became the first lot in history of Christie’s auction house, which was sold for cryptocurrency.