2022’s biggest art stories—and what they mean
The Week in Art
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NFTs
There was some spillover from that incredible crypto wealth that we saw accumulated last year into people actually buying art at auction, sort of non-fungible art objects as opposed to tokens. We saw all the auction houses, Christie's especially really sort of jumping into that space pretty aggressively. Sotheby's also created a metaverse in which to show virtual art. So there's been a kind of wholesale adoption of that market by the auction houses and it'll be very interesting to see if they stick with it or not.
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