Sotheby’s Exclusive NFT Marketplace has Launched


Auction House Paves The Future for Old Money

Sotheby’s has created its own NFT marketplace. It’s the first of its sort among major auction houses, and Sotheby’s will utilise it for all future NFT auctions. The platform enables new technological advancements that were previously impossible to apply on the classic Sotheby’s website. The Metaverse website is designed to present NFTs in a fashion similar to that of NFT-specific platforms such as OpenSea and Nifty Gateway, so that users can readily observe the transaction history of each component.

The auction house has enlisted the help of 19 NFT collectors to sell selected objects from their collections, bringing to the NFT market a level of curation that is rarely seen. NFT favourites like Larva Labs’ Crypto Punks, advanced generative art from Art Blocks and Fingerprints DAO, and pricey Rare Pepe meme trade cards are among the 53 lots available.

Bids are expected to range from $10,000 to $2 million. The deadline for bidding is October 26.

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