Andy Warhol’s14 Small Electric Chairs” artwork, as expected, drew a big crowd of bidders for an auction conducted solely on blockchain.

CCN reported 100 participants, mainly from Asia and Europe, bid for a piece of the work over blockchain-based art investment platform Maecenas. Approximately $1.7 million was raised in the cryptocurrency auction for a 31.5 percent stake of the Warhol, valued at $5.6 million. More than 800 bidders signed up for the auction. Read more here.

ThirtyK Staff
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