Sotheby's is hosting its second non-fungible token (NFT) sale, the major luxury auction house announced Thursday.
The curated NFT sale, titled "Natively Digital," will feature work from several prominent artists, including the first-ever, minted NFT "Quantum" by Kevin McCoy, "Alien," a CryptoPunk created by crypto studio Larva Labs, and "The Shell Record," by generative artist Anna Ridler.
The sale will take place from June 3-10. A portion of the proceeds from the sale will be donated to the Sevens Foundation, a non-profit that works with digital artists and younger artists to promote new art mediums like NFTs. Additionally, the artists highlighted will donate part of their profits to organizations focused on helping crypto artists, like the Mint Fund. Buyers will have the option of paying with fiat or cryptocurrency (both Bitcoin and Ethereum).
"From the avant-garde crypto native creators to the generative, conceptual and the pop/futurist digital artists, the collection showcases some of the most brilliant creators to emerge from the crypto art space, as well as early pioneers of the digital art movement," said Michael Bouhanna, a contemporary art specialist at Sotheby's.
According to the announcement, buyers will be able to view the pre-sale exhibition at Sotheby's headquarters in London, New York, Hong Kong, and "across the metaverse." Sotheby's claims this is the largest multi-venue NFT exhibition thus far.
The announcement of the sale comes less than a month after the auction house sold its first NFT, "The Fungible" by popular anonymous artist Pak for nearly $17 million.