How NFTS, online bidding and Asian demand helped auction houses to a bumper 2021, with Sotheby’s and Christie’s selling US$14.4 billion alone

//How NFTS, online bidding and Asian demand helped auction houses to a bumper 2021, with Sotheby’s and Christie’s selling US$14.4 billion alone

How NFTS, online bidding and Asian demand helped auction houses to a bumper 2021, with Sotheby’s and Christie’s selling US$14.4 billion alone

The global pandemic is dragging on and 2021 is ending with a new, highly transmissible mutant strain. Yet auction houses this week reported a bumper year that was boosted by Asian demand, a surge in online bidding and a new acronym that has dominated art market news this year: NFT.The two biggest auction houses in the world sold a total of US$14.4 billion of art, watches, jewellery, wine and other collectibles in 2021, 53 per cent more than their combined sales in 2020.Sotheby’s retained its…

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By | 2021-12-23T09:15:23+00:00 December 23rd, 2021|Entertainment|Comments Off on How NFTS, online bidding and Asian demand helped auction houses to a bumper 2021, with Sotheby’s and Christie’s selling US$14.4 billion alone