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Christie's sold $150 million of NFTs in 2021, with the auction house on track for $7.1 billion in sales for the year
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Christie's
Christie's capped off a milestone year of business with $150 million in non-fungible token sales in 2021, saying the new format helped it achieve its highest sales in five years.
The 255-year old auction house said this week that it is on track for $7.1 billion in total sales this year, up 22% from 2019, which was before the coronavirus pandemic unfolded. Sales were up 54% from 2020 as the virus first swept through worldwide.
Christie's handed some credit for the gain to NFTs, or digital representations of art, music, and other items. The company in March seized the attention of the art and cryptocurrency worlds by selling an NFT artwork for $69 million. The digital piece from artist Beeple — a collage of his first 5,000 days of
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