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Home»NFT»Sotheby’s opens bidding for the first curated Bitcoin Ordinals auction
NFT

Sotheby’s opens bidding for the first curated Bitcoin Ordinals auction

2024-01-12No Comments2 Mins Read
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Art auction house Sotheby’s has opened bidding for its first-ever curated collection of Bitcoin Ordinals.

The auction is called “Natively Digital: An Ordinals Curated Sale” and features 19 pieces – including rare Satoshis, work by pioneering Bitcoin Ordinals artist Shroomtoshi, generative art and an item related to the Bitcoin Ordinals brand Taproot Wizards. The auction closes on January 22nd at 2:00 PM ET.

“This sale puts a spotlight on the incredible range of creative diversity within the Bitcoin ecosystem, as Ordinals has experienced explosive growth over the past year,” Sotheby’s wrote in a press release.

Sotheby’s first-ever Bitcoin Ordinals sale

Sotheby’s completed its first auction of Bitcoin Ordinals on December 7, The Block previously reported. The auction included three pieces from the BitcoinShroom collection, which is considered one of the first Bitcoin Ordinals projects ever created by Shroomtoshi. The auction raised $450,850 at closing – five times higher than the combined estimate for the three pieces, Sotheby’s said in a statement.

“The sale of three BitcoinShrooms last month was a test case for introducing Ordinals to the auction market,” Michael Bouhanna, head of digital art at Sotheby’s, said in a press release. “The resounding success of that sale was testament to Ordinals’ explosive growth as a new arena for artists and makers to expand the reach of digital art and collectibles and make a lasting impression on the Bitcoin blockchain. As Ordinals continue to capture the attention of collectors, this new avenue will push the boundaries of how we conceptualize digital collectibles, shining a spotlight on the unique convergence of digital art and crypto culture.”

See also  Crypto Analyst Predicts Bitcoin Will Hit $60,000, Here's Why

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