Tag Archives: Artprice

11May/21

Artmarket.com: the NFT phenomenon – a market ‘disruptor’ – Artprice asks: what does it mean for the art market?

NFTs haven’t just been invented, but their arrival in the auction sphere has had the effect of a tidal wave. Christie’s, Sotheby’s and Phillips have each sold their very first Non-Fungible Token in the past two months, while many other auction houses and galleries are getting drawn into the adventure. Artprice recognizes the unlimited creativity at the heart of this new medium as well as its extraordinary demand potential which seems in line with the rapid growth of the tech sector, but also with the aspirations of future generations of collectors. Continue reading