Paris Hilton and Pranksy collections featured by Sotheby's new NFT platform
Key Points:
The first auction on Sotheby’s Metaverse will go live on Monday, with the auction featuring prominent collections such as the Bored Ape Yacht Club, MoonCats and CryptoKitties.
The platform is dubbed “Sotheby’s Metaverse” and was announced alongside the “Natively Digital 1.2: The Collectors” (ND1.2) auction that will run between Monday, Oct. 18 and Tuesday, Oct. 26. The auction consists of 53 lots of tokenized art from the vaults of 19 curators.
Sotheby’s was founded in London during the mid-1700s and has since grown into a multinational giant that has expanded into 80 locations across 40 countries.
Sotheby’s is no stranger to the early iterate metaverse either. In June, the firm opened a virtual gallery in Decentraland that depicted the auction house's New Bond Street Gallery in London.
“The metaverse won’t be built overnight by a single company. We’ll collaborate with policymakers, experts and industry partners to bring this to life,” Facebook said as part of its funding announcement.
“These collectors are people with deep histories and relationships in the digital art and media space, many of whom have been collecting long before NFTs became a common term and have helped build the ecosystem from the ground up,” the exhibition notes state.
