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2022’s biggest art stories—and what they mean
The Week in Art
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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