Christie's, the world's top art auction house, held the " Facing the Truth: Trevor Traina Ambassador Photography Collection " auction at Rockefeller Center in New York yesterday (2nd). For this auction, Christie's will issue digital certificates of ownership for 132 lots.
Issuance of digital certificates for photographic collections
According to CoinDesk, in this auction, Christie’s will issue digital ownership certificates for 132 photography collections of former U.S. Ambassador to Austria Trevor Traina. In addition, these digital certificates will be minted by the encryption wallet application protocol Kresus using the Ethereum Layer2 network Base. It is worth mentioning that Trevor Traina is the founder of Kresus.
In addition, according to Christie's and Kresus in an emailed statement yesterday:
This digital certificate project marks an important development in the art world's adoption of blockchain technology. By combining physical works of art with digital certificates, it ensures transparency and security for collectors during the purchase process.
Trevor Traina also emphasized that using digital certificates can eliminate the need for traditional paper documents and provide a secure digital alternative:
Blockchain is capable of many things. As an art collector, I know all too well the burden of managing and maintaining provenance and related documents—which are often stored in paper form in filing cabinets.
Actively integrate blockchain technology
On the other hand, if you want to understand the origin of Christie's and blockchain, it can be traced back to February 2021, when Christie's announced the auction of the first NFT artwork "Everydays – The First 5000 Days".
This work is more than 5,000 works created continuously every day for the past 13 years by the well-known American digital artist Mike Winkelmann (signed: Beeple). Each work was named "Everdays", and together they became a unique work in the history of digital art - "Everydays - The First 5000 Days". In the end, this work was sold for US$69 million, becoming the highest-selling NFT at the time. Priced art.
In addition to NFT auctions, Christie's will also establish a venture capital fund, Christies's Ventures, in 2022 to focus on exploring three major categories of blockchain: Web3.0 innovation, art-related financial products, and solutions and technologies to support seamless consumption of art. .
Extended reading: Christie's establishes venture capital fund Christie's Ventures, focusing on Web3, art and blockchain technology
