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Tag: auction

Turkish photographer’s works sold at Sotheby’s NFT sales

Hatice Utkan Özden
Rızacan Kumaş, a Turkish photographer who seeks a story in all his works, is in the pursuit of reality, reflecting onto its perfect moment to help the viewer to understand what is going on in the real scenery that he has captured.class=”cf”>
His work “Panoramic Portraits” was exhibited at the Natively Digital auction between Oct. 14 and 21 by Sotheby’s, one of the most respected auction houses in the world.
With the “Panoramic Portraits,” purchased by world-famous collector Pransky and offered for sale at Sotheby’s, Kumaş became the…

What Is It And How Does It Work?

A gang of 17,000+ crypto aficionados took on a task unlike anything seen before in history a few days ago. ConstitutionDAO, as they prefer to call themselves, raised $47 million to compete in a Sotheby’s auction for a rare copy of the United States Constitution.Despite the fact that hedge fund billionaire Ken Griffin outbid ConstitutionDAO, the large crowdsourcing drive succeeded in fueling the discussion around DAOs.So, what exactly is a DAO? Is it just a group chat capable of raising millions of dollars, or is there more to it? Will DAOs, as rumor has it, mean the demise of established…

ConstitutionDAO PEOPLE Token Continue To Rise Amid DAO Closure

Less than two days after the earlier reports of ContitutionDAO’s PEOPLE token hitting an all-time high of $0.02, it has now reached a new ATH of $0.16.

Brief History of ConstitutionDAO
ConstitutionDAO was formed on November 11, when a group of crypto enthusiasts met on Zoom with a common goal of raising funds in order to secure the purchase of a rare copy of the US constitution that was to be sold at Sotheby’s auction on November 19.
In anticipation of the auction, the DAO raised more than $45 million in ETH from over 17,000 donors, but in the long run, could not secure the…

ConstitutionDAO Becomes the Largest Crowdfunding Project in Crypto – Makes $PEOPLE Token Redeemable

The Largest crowdfunding project in crypto history, ConstitutionDAO, says it is still offering refunds to contributors after coming short on its objective of acquiring a copy of the United States constitution.

About 17, 437 people came together on the internet and raised more than $40 million worth of Ether in a week to try to buy the rare, first-edition copy of the U.S. Constitution at a Sotheby’s auction.

The funds were raised through the purchase of $PEOPLE token. However, the copy of the U.S. Constitution sold for $43.2 million at Sotheby’s with Ken…

Zodiac NFT offers astrology lovers a space in the NFT ecosystem

TL;DR Breakdown MetaMuseum promises to change the NFT auction experience.Zodiac NFT’s collection could be worth thousands of dollars for its exclusivity.Every day the market for non-fungible tokens is renewed in the quality of virtual pieces, and the Zodiac NFT series is an example of this. Recently MetaMuseum, one of the most popular museums in the NFT trade, launched its new collection that shows a project with 3D effects, good sound quality, and an attractive story. This non-fungible project changed the experience that enthusiasts had towards virtual pieces that were motionless…

Christie’s to curate NFT auctions with OpenSea. What’s the strategy? – Ledger Insights

Renowned auction house Christie’s has announced a partnership with non-fungible token (NFT) marketplace OpenSea. The first collection will be open for browsing from December 1, curated by Christie’s.

Christie’s was one of the first major auction houses to start paying attention to NFTs. The auction of Beeple’s EVERYDAY: 5000 days piece back in March for $69 million had an important role in helping NFTs hit the headlines beyond the niche crypto enthusiast press.

Taking a look at what’s in it for each of the parties, on the one hand, OpenSea is the largest NFT…

What is a DAO and how does it work

.A few days back, a group of 17,000+ crypto enthusiasts took upon a challenge unlike anything seen before in history. ConstitutionDAO, as they like to call themselves, pooled together $47 million to participate in an auction at Sotheby’s for a rare copy of the Constitution of the United States.
Although ConstitutionDAO was outbid by hedge fund billionaire Ken Griffin, the  massive crowdfunding initiative managed to further fuel the debate around DAOs.
So, what is a DAO? A group chat capable of raising million-dollar funds, or is there more to it?
As rumor has it, will DAOs spell…

Thanksgiving NFTs Being Auctioned Off By Macy’s–Bids Are Topping Six Figures As Of The Moment

RJ Pierce, Tech Times

25 November 2021, 06:11 pm

Thanksgiving Day NFTs are on the auction floor courtesy of Macy’s, and people are bidding crazy amounts of money just for the chance to own them.

(Photo : John Lamparski/Getty Images)NEW YORK, NEW YORK – NOVEMBER 25: The Goku balloon is seen during the 95th Macy’s Thanksgiving Day Parade on November 25, 2021 in New York City.

A total of 10 holiday graphics are being auctioned off, reports The Huffington…

ConstitutionDAO refunds $27 million, but fees are high to get a refund

As of last Thursday night, ConstitutionDAO found itself in possession of around $49.8 million it wasn’t able to spend. The group’s organizers only had a mandate to spend the crowdfunded money on one thing — a rare copy of the US Constitution that they failed to win at auction — so instead of trying to get community approval to use the money toward some other goal, they instead began the process of returning the funds to backers.
Returning that much money has been a tricky process, though. Backers have to manually request refunds, so even a week later, tens of millions of dollars…

Collins Dictionary picks word of the year for 2021

Collins Dictionary has chosen the term NFT as its word of the year after surging interest in the digital tokens that can sell for millions of dollars brought it into the mainstream.

NFT is short for non-fungible token. Collins defines it as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.”

Most people didn’t know what an NFT was until this year, when sales boomed, sparked in large part by artist Beeple’s March auction of a digital collage NFT for nearly US$70…

How Much Money Did ConstitutionDAO Bidders Lose in Fees?

Recently, investors formed a DAO (decentralized autonomous organization), which is a type of crypto structure, as a way to collectively bid on a rare copy of the U.S. Constitution. The group, called ConstitutionDAO, failed to successfully bid on the auction, which ultimately caused the organization to shut down.

Snoop Dogg Debuts NFT on SuperRare on view During Miami Art Week

SuperRare, the pioneering marketplace for curated NFT artwork, today debuts the first ever NFT artwork collaboration between Snoop Dogg and Coldie entitled Decentral Eyes Dogg. Featuring original artwork by both artists and a new audio track by Snoop Dogg the NFT will be available via timed auction November 29 – December 3 exclusively on SuperRare and will be on view during Miami Art Week at SuperRare’s curated exhibitions at nftnow x Christie’s and at the Flager Street Art Festival on the monolith.Snoop Dogg states: “Over the last year I have become a collector, a creator and…

The ConstitutionDAO project will cease work and return to the participants their Ethereum

Core team DAO ConstitutionDAO announced that the project had exhausted itself, and invited all participants to demand a refund of the funds contributed.
A group of enthusiasts formed an organization to purchase a rare copy of the US Constitution, which was auctioned at Sotheby’s on November 18.
Despite raising over $ 40 million in Ethereum, the group was unable to acquire the artifact. The winner of the auction was Ken Griffin, CEO of Citadel investment company, who paid $ 43.2 million for the lot, including fees.
The organizers clarified that the DAO had 17,437…

TRON’s Founder Justin Sun Donated Giacometti’s $78.4 Million Le Nez to the APENFT Foundation

this article

Justin Sun, founder of TRON, won the auction of Alberto Giacometti’s most influential sculpture Le Nez at the price of $78,396,000 and later donated it to the APENFT Foundation. Giacometti’s “Nose” in the Macklowe Collection, can be seen representing postwar existential angst that was voiced by Jean-Paul Sartre, a friend of the artist.The piece shows a head suspended within the bars, the nose further extending beyond the confines of its prison.The features of the sculpture reflect the chassis, barrel, and handle of a gun. “Nose” is considered to be one of…

FC Barcelona Cancels Ownix NFT Deal Two Weeks After Announcement

FC Barcelona, one of the biggest football clubs in the world by revenue, has decided to cancel a deal penned earlier this month with non-fungible token (NFT) marketplace Ownix after the arrest of Israeli crypto mogul Moshe Hogeg — a consultant for the NFT marketplace. The termination came in the form of a short statement from the club through its website, just days before the club’s first NFT collection auction was scheduled on the platform. FC Barcelona claims that the termination of ties with Ownix is in place with immediate effect.The police arrested Moshe Hogeg, who reportedly has…

FC Barcelona Terminates Two Weeks Old Contract With NFT Marketplace Ownix

The non-fungible token (NFT) market has exploded in recent months. It has seen adoption in many different sectors, including music, food, and sports.
Earlier this month, FC Barcelona announced a partnership with premium NFT marketplace Ownix to make the Club’s NFTs. This partnership was, however, short-lived as FC Barcelona on Thursday canceled the deal. The termination came just a few days before the Club’s first NFT collection auction was scheduled on the platform.
FC Barcelona Cancels Ownix Deal
The La Liga club terminated its relationship with Ownix…

Will DAOs revolutionize media or just create playgrounds for the rich? – TechCrunch

Over the past few weeks a virtual flash mob called the ConstitutionDAO, with thousands of cryptocurrency fans, crowdfunded almost $45 million to buy a copy of the U.S. Constitution. Although they lost the auction, they had already spun up a line of sweatshirts, emblazoned with emojis, distributed by the newsletter company MorningBrew.

This experiment, which flooded social media with countless memes and calls to join the crowdfund, is just one example of the type of decentralized autonomous organizations (DAOs) that are now all the rage in venture capital circles. Much like open…

Secretum: The next generation of NFT trading

The boom in Non-Fungible Tokens (NFTs) is advancing faster than ever, reaching new price and volume records in 2021:
Digital artwork “Everyday — The First 5000 Days,” sold for $69 million at a Christie’s auction in March.
Sales of NFTs surged 700%+ to $10.7 billion in Q3 2021 over Q2 2021.
The overall value of NFTs globally has surpassed $43 billion. 
The proliferation of NFT gaming is adding more fuel to the fire – Axie Infinity, one of the most popular NFT metaverses, is on track to generate $2.7 billion in 2021, almost only from sales of character and in-game NFTs.
In such…

Crystal Bridges to display rare first printing of U.S. Constitution on loan after record $43M sale

NEW YORK — A rare first printing of the U.S. Constitution sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.The buyer, hedge fund manager Kenneth Griffin, will loan the document to the Crystal Bridges Museum of American Art in Bentonville for public exhibition, Sotheby’s announced Friday.Griffin, the founder and chief executive officer of multinational hedge fund Citadel, outbid a group of 17,000 cryptocurrency enthusiasts from around the world who crowdfunded to buy it over the last week.”The U.S. Constitution is a sacred document…

ConstitutionDAO outbids Sotheby’s for first printing of America’s Founding Document

In an auction at Sotheby’s on Thursday night, a pair of artworks by modern artist Banksy sold for a total of 3,093 ETH. The auction is the first time the auction house has denominated a sale in Bitcoin, according to CoinDesk. Paintings by Banksy sell for 3093 ETH on Auction House First
Paintings by Banksy sell for 3093 ETH on Auction House First
Image Source: CoinDesk
“Trolley Hunters” (2006) and “Love Is In The Air” (2006) were expected to sell for $5 million to $7 million and $4 million to $6 million, respectively, and both sold for $6,698,400 and $8,077,200 — a total of…

Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Read on to discover why almost half of the liquidity providers on Uniswap v3 are losing capital due to impermanent loss.What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments over the last week, subscribe below.Acala wins Polkadot’s debut parachain auctionDecentralized finance protocol Acala was announced as the winning project in Polkadot’s inaugural parachain auction this week, beating fellow competitor Moonbeam to the finish line with a…

A ragtag group got outbid in an auction for a first edition of the U.S. Constitution

An unprecedented crowd-funded attempt to buy an extremely rare copy of the U.S. Constitution fell just short Thursday night, when a group of more than 17,000 people who had pooled their money were outbid in an auction for the historical document.The Constitution sold for $43.2 million, setting a new record for the most ever paid for a book, historical document, or printed text, according to Sotheby’s, which handled the sale. The winning bid more than doubled the top estimate of $20 million the Constitution had been expected to garner.In Thursday night’s auction, Sotheby’s said the…

Rare first printing of Constitution sells for record $43M

NEW YORK (AP) — A rare first printing of the U.S. Constitution sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.
The anonymous winning bidder at Thursday night’s sale outbid a group of 17,000 cryptocurrency enthusiasts from around the world who crowdfunded to buy it over the last week.
The document offered for sale was one of 13 known copies of the first printing of the Constitution and one of only two in private hands.
This printing of the Constitution was last sold in 1988, when real estate developer and collector S. Howard…

Silver Linings Abound as Constitution DAO Falls Short in USD 47M Sotheby’s Bid

Source: A video screenshot, Youtube/Eric ZhuAn audacious attempt to buy one of the few surviving copies of the United States Constitution by a decentralized autonomous organization (DAO) fell short of what would have been a dramatic victory for the crypto space – losing out in an auction at Sotheby’s.Regardless, there was plenty of positivity for the DAO, which became known as Constitution DAO, and raised over USD 47m worth of ethereum (ETH) in the space of around a week, per Juicebox data. In a statement published on Twitter, the DAO’s masterminds wrote that “while this wasn’t the…