NFT silly season returns with six-figure Sotheby’s auction Ov | NFTs & DeFi 🗓
NFT silly season returns with six-figure Sotheby’s auction
Over the course of one week in February, bidders at a Sotheby’s auction competed to buy a rare work of art. “Executed December 25, 2017, this work is unique from a series of 100,” read the description on the auction site, which estimated its value at US$500,000 to US$700,000. Participants submitted their bids in secret, with Sotheby’s providing them with little information—only informing them if someone else bid higher, presenting them with the opportunity to up their offers.
