Here’s a comprehensive overview of **Sotheby's NFT and Digital Art Auction platform**, based on the latest available information:
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### **1. Overview of Sotheby's NFT & Digital Art Department**
Sotheby's has established itself as a leading auction house for NFTs and digital art, offering curated sales through formats like auctions, "buy-now" options, generative drops, and editions. Key highlights:
- **Record-breaking sales**: In 2021, a Bored Ape Yacht Club NFT sold for $3.4M, and a Cryptopunk fetched $11.7M .
- **Global reach**: Teams in New York, London, Paris, and Hong Kong specialize in digital art, attracting international collectors .
- **Sotheby’s Metaverse**: Launched in 2021, this platform hosts primary NFT drops and a **peer-to-peer secondary marketplace** (supporting Ethereum/Polygon) with a 2.5% seller fee .
### **2. Key Initiatives & Sales Formats**
- **Natively Digital**: A flagship NFT auction series held 3x yearly, featuring rare works like pre-Ethereum NFTs and collaborations with artists like Robert Alice .
- **Secondary Marketplace**: Allows direct collector-to-collector sales with **enforced artist royalties** (unlike many competitors) .
- **Digital Art Auctions**: Examples include *Starbase 2050* by Rui Huang (sold for $10K–15K) and *CryptoDickbutt #1462* ($1K–1.5K) .
### **3. How to Participate**
- **For Collectors**:
1. Sign up on [Sotheby’s Metaverse](https://metaverse.sothebys.com
2. Connect a wallet (e.g., MetaMask, Coinbase Wallet).
3. Browse/bid using ETH or MATIC; some sales accept fiat currency .
- **For Artists/Sellers**: Submit NFTs for consignment via Sotheby’s specialist team .
### **4. Unique Features**
- **Artist-Centric**: Rotating curated artist rosters (e.g., Claire Silver, XCOPY) with detailed profiles .
- **On-Chain Transactions**: Fully transparent sales via Ethereum/Polygon smart contracts .
- **Exhibitions**: Physical NFT displays in global galleries (partnered with Samsung for high-tech showcases) .
### **5. Recent Developments (2023–2025)**
- **$120M+ in NFT sales** since 2021, including high-profile collections like Three Arrows Capital’s assets .
- **Digital Galleries**: Collaborations with collectors like Cozomo De’ Medici to showcase secondary market NFTs .
For consignment inquiries or upcoming auctions, visit [Sotheby’s Digital Art Department](https://www.sothebys.com/en/departments/digital-art) .
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Here are the key Sotheby’s links for their NFT and digital art auction platforms:
- **Sotheby’s Digital Art Department (NFTs & Digital Art Auctions)**
https://www.sothebys.com/en/departments/digital-arthttps://www.sothebys.com/en/departments/digital-art
- **Natively Digital: A Curated NFT Sale (Upcoming & Past Auctions)**
https://www.sothebys.com/en/digital-catalogues/natively-digital-a-curated-nft-sale
- **Sotheby’s Metaverse – Dedicated NFT Marketplace & Virtual Auction Space**
https://metaverse.sothebys.com
- **General Sotheby’s NFT Information & FAQ**
https://www.sothebys.com/en/nfts
- **Sotheby’s Main Website**
https://www.sothebys.com
These platforms offer curated NFT auctions, primary drops, buy-now options, and immersive virtual spaces for collectors and artists interested in digital and crypto art.
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