The Christie’s auction house is proud of itself. The recent Barney A. Ebsworth Collection sale at its New York location raised a whopping $317.8 million, according to its press release. The event set 15 records, including one for the most expensive piece of pre-war American art (Edward Hopper’s “Chop Suey,” which fetched $91.9 million).

And, oh, by the way, the sale “also marked the first time an art auction at this price level has been recorded on a blockchain, via a secure digital registry administered by Artory, a leading art-centric technology provider,” Christie’s said.

In total, 42 art pieces by artists including Hopper, Jackson Pollock and Georgia O’Keefe were auctioned off, with Artory’s private Ethereum blockchain recording the details of the sale including the final prices of the individual pieces, auction dates, item titles, restorations and thefts. The only information not stored is the identity of the owners, CCN reported.

This isn’t the first time art has been sold using blockchain, and it likely won’t be the last. Read more here.

ThirtyK Staff
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