At an evening sale in February held by Sotheby’s, the salesroom was shocked when a representative for the house announced that the night’s only lot had been pulled. It turns out the bundle of 104 “CryptoPunks,” highly prized NFTs that often sell for millions, had instead been used to secure a...
You know what? Blockchain is going to destroy my gallery’s business. There, I said it. Nobody else will. Anyone with a midsize gallery knows that cash flow is a problem. When I do manage to sell work, the money often goes toward paying outstanding debts. Practically speaking, this means artists...
