Although traditional auction houses have had a somewhat controversial presence in the Web3 space thus far, their embracing of digital artwork is undeniably positive for the ecosystem as a whole. By bringing more mainstream and traditional eyes to NFTs, auctions through Sotheby's and Christie’s help link the realm of traditional/physical art with that created in this new digital movement.
Curation is also becoming increasingly important to the NFT space. As NFT Asia has selected a small number of top tier talent to be auctioned at Sotheby's, the value of these individual pieces is further amplified. It will be exciting to see where the different auctions end, several of which have already hit their reserves, even in this current bear market.
Here are the four artists that are highlighted:
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