Sotheby’s Opens Bidding for Bitcoin Ordinals Collection
Art auction house Sotheby’s has launched an auction for its curated collection of Bitcoin Ordinals. The auction, titled “Natively Digital: An Ordinals Curated Sale,” includes 19 pieces, featuring rare Satoshis, work by renowned Bitcoin Ordinals artist Shroomtoshi, generative art, and an item associated with the Bitcoin Ordinals brand Taproot Wizards. Bidding for the auction will close on Jan. 22 at 2:00 p.m. ET.
In a statement, Sotheby’s stated that the sale aims to highlight the diverse creativity within the Bitcoin ecosystem as Ordinals have experienced significant growth in the past year.
Sotheby’s Successful First Auction of Bitcoin Ordinals
Sotheby’s recently concluded its inaugural auction of Bitcoin Ordinals on Dec. 7. The auction featured three pieces from the collection BitcoinShrooms, one of the earliest Bitcoin Ordinals projects created by Shroomtoshi. The auction generated $450,850 in sales, surpassing the combined estimate for the three pieces.
Sotheby’s head of digital art, Michael Bouhanna, described the sale as a testament to the explosive growth of Ordinals as a new platform for artists and creators to expand their reach in digital art and collectibles. This innovative avenue showcases the convergence of digital art and crypto culture while pushing the boundaries of how we perceive digital collectibles.
About Author
MK Manoylov is a reporter for The Block and has covered various crypto news topics since 2020. With a focus on NFTs, metaverse, web3 gaming, funding, crime, hacks, and the crypto ecosystem, MK has written nearly 1,000 articles for the publication. MK holds a graduate degree from New York University and has also contributed to WebMD and Insider. You can follow MK on Twitter @MManoylov and on LinkedIn.
Hot Take: Sotheby’s Expanding the Boundaries of Digital Collectibles
Sotheby’s continues to push the boundaries of digital collectibles with its curated collection of Bitcoin Ordinals. By showcasing the diverse creativity within the Bitcoin ecosystem, this auction highlights the explosive growth of Ordinals over the past year. The success of Sotheby’s first-ever Bitcoin Ordinals sale demonstrates the increasing interest from collectors in this new arena for artists and creators. This innovative platform not only expands the reach of digital art and collectibles but also shines a spotlight on the unique convergence of digital art and crypto culture. Sotheby’s is at the forefront of redefining how we perceive and value digital collectibles in today’s rapidly evolving landscape.
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