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The New Masters: How auction houses are chasing crypto millions
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economictimes.indiatimes.comNor would Sotheby's founder Samuel Baker, auctioning hundreds of rare books for about $1,000 in 1744, have envisioned selling a copy of the original source code for the web, as a non-fungible token (NFT), for north of $5 million. Times change.
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Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
View Details »«Everybody wants to sell an NFT,» said Cassandra Hatton, Sotheby's global head of science and popular culture. «My inbox is just absolutely clogged.» Sotheby's has sold $65 million of NFTs in 2021, while arch-rival Christie's has sold more than $100 million of the new type of crypto asset, which uses blockchain to record who owns digital items such as images and
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