Bonhams and SuperRare are teaming up for the world’s first curated collaboration between an auction house and NFT platform. The event is called “CryptOGs: The Pioneers of NFT Art”, and features original works from the pioneers of crypto art. It runs from June 21 to 30th.
Bonhams, a traditional auction house in London, will host the event on its website. But it will also screen the artworks at its headquarters in New Bond Street. The event is meant to explore “the originators of the crypto art movement,” said Nima Sagharchi, Bonham’s head of Digital Art.
Big names from SuperRare and elsewhere
The event has attracted a list of big names from the NFT world. First and foremost, XCOPY’s “The Death of Cash” will be auctioned with no reserve. This follows XCOPY’s “Death Dip” sale on SuperRare for $2.5M in March. Alotta Money’s “Pauline at the Mall” is also featured, and espected to fetch over $40,000.
The participants were all early adopters of the NFT medium. For instance, XCOPY was the second artist to mint on SuperRare. Other participants include Matt Kane, Osinachi, Sarah Zukcker, Mattia Cuttini, Miss Al Simpson and Janne Limited.
Auction houses like Bonhams picking up NFT steam
This isn’t the first time a traditional auction house has gotten into the NFT game. Both Christie’s and Sotheby’s have launched major events centred around NFTs. Sotheby’s has even created a virtual building in the metaverse. One of their events also focused on the early days of the crypto art movement.
These types of partnerships are bound to happen more often, given how many NFT sales are auctions by default. But it’s a good sign that the art world is taking crypto art seriously enough to focus on it like this. Increased credibility for the early stars of NFTs will only help bolster the careers of those who came after.