Is Blockchain The Right Solution For The Auction Houses?

Forbes, by Elena Zavelev, Founder & CEO, New Art Academy & CADAF

 AFP/Getty ImagesDON EMMERT/AFP/GETTY IMAGES

AFP/Getty ImagesDON EMMERT/AFP/GETTY IMAGES

The art world witnessed an extraordinary auction on November 13th at the Christie’s Auction House in New York. Not only the collection of the late Barney A. Ebsworth raised over $300 million, setting the new world auction records for Edward Hopper and Willem de Kooning, but also for the first-time-ever, the results of the major auction sale were recorded using blockchain technology. To do so, Christie’s has collaborated with Artory, the leading independent blockchain-based registry for the art market built on Ethereum Blockchain. Continue Reading

How Blockchain Empowers The Digital Art Market

By Elena Zavelev, CEO & Founder, New Art Academy, Forbes.com

 89 seconds Atomized, by Eve Sussman.COURTESY OF SNARK.ART

89 seconds Atomized, by Eve Sussman.COURTESY OF SNARK.ART

Uniqueness and novelty are generally considered to be the founding principles of creativity in the arts. These principles, however, are often challenged in the digital art space where the proliferation of unauthorized digital copies makes it close to impossible to prove the ownership or the authorship of the artwork in question. Continue Reading

Why Blockchain Will Impact The Art Market

By Elena Zavelev of New Art Academy, Forbes.Com

 Getty

Getty

Will blockchain revolutionize the art market? The growing number of art-tech startups aiming to bring greater transparency and transactional security to the industry as well as the adoption of the technology among the top players definitely indicates so! In order to best understand what blockchain can bring to the art market, let’s take a look at the main ways that it can be utilized, as well as the opportunities and challenges that they present.

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