Auction Houses Recorded Their NFT Sales in 2021
Three major auction houses summed up the year-end results, giving a separate place to NFTs.
Auction houses Christie’s, Sotheby’s and Phillips announced the results of 2021. All three auction houses were bidding for non-fungible tokens for the first time this year. The overall results:
- Christie’s raised $150 million from sales of NFTs, the company announced on Twitter. The largest sales were Beeple’s “Everydays: First 5000 days” for $69 million and “HUMAN ONE” for $29 million. The auction house’s total sales in 2021 were $7,1 billion, up 54% from last year.
- Sotheby’s raised $100 million from NFT sales in 2021, with about 78% of first-time NFT bidders using Sotheby’s, the auction house noted in a press release on its website. Total auction sales totaled $6 billion, a 71% increase over 2020.
- Phillips’ auction sales totaled $993 million, information about which is posted on the company’s website. NFT sales amounted to 4,1 million — as a result, Michah Dowbak’s collection called “Replicator” was sold for that amount. The auction attracted 88% of new users to the site.
The total NFT market has already surpassed $13,7 billion in 2021, according to NonFungible. In 2020, the exact figure was $64,8 million. Thus the volume of the NFT market for the year grew by more than 20000%.