Christie’s hails landmark blockchain-powered art auction

Last week, the Barney A. Ebsworth Collection sale at the Christie’s auction house in New York pulled in an eye watering $317,801,250.

In the process, it became the most valuable art auction to be recorded on a blockchain, via a secure digital registry administered by Artory.

Thirteen artist auction records were set and two records by medium, including that for the most expensive work of pre-war American art with Edward Hopper’s Chop Suey, which sold for $91,875,000 (including buyer’s premium).

“The introduction of this technology for the sale of the Barney A. Ebsworth Collection continues our legacy of leading the industry by introducing innovations in the context of major collections, for the ultimate benefit of our clients,” says Christie’s.

Further details here.