The luxury auction house Christie's is now following in the footsteps of its eternal competitor Sotheby's with the launch of its own NFT marketplace titled Christie's 3.0. To bring this venture to life, the historic auction house has joint efforts with three celebrated web3 companies: NFT minting platform Manifold, crypto analytics firm Chainanalysis, and metaverse gurus from Spatial. The Ethereum-driven Christie's 3.0 was launched on September 27th to conduct high-end NFT operations from A to Z. The fully on-chain NFT marketplace was launched after the long-awaited Ethereum Merge to allow payments on the currently energy-efficient blockchain.
Christie's 3.0 entered the web3 with a big auction of visual NFT artworks by the eminent artist Diana Sinclair and her awe-inspiring nine-piece collection dubbed Phases. The NFTs are currently on sale with starting bids ranging from 4 ETH to 5 ETH. The auction will end on October 11th, while the artworks are viewable via the partner Spatial metaverse gallery.
“By incorporating regulatory tools, such as anti-money laundering and sales tax, we have built an inclusive solution where both veteran and new NFT collectors can feel secure in transacting with Christie’s 3.0,” Nicole Sales Giles, Director of digital art sales, commented on the launch.
Everyone willing to bid on Christie's 3.0, will first need to connect a crypto wallet via a desktop browser extension like MetaMask or Coinbase. Once the wallet is bound, you can then set up an account and verify your identity. All the existing Christie’s clients will be able to bid without verification.
Looking back at the company’s two and a half centuries of fruitful operation, Christie's 3.0 is definitely a new significant milestone in fine digital art auctions.