Four years ago, Christie’s became the first auction house to use blockchain technology to document the provenance and information on works from the sale of the Barney A. Ebsworth collection of 20th-century American art, which racked up more than $300m.
The pilot was a collaboration with the blockchain registry Artory, with whom Christie’s is now working on another sale later this month: that of the collection of Benjamin Steinitz, the eclectic dealer of 18th- and 19th-century furniture and sculpture. The 58 lots are expected to fetch around 3.5m in total.
Steinitz thinks the blockchain lends itself well to the discovery and documentation of decorative arts. He says: “After the initial visual and emotional impact of discovering a work of art, revealing its history through its successive ownerships is just as important, and a fundamental part of the work of art itself.” Some of the dealer’s recent discoveries have been acquired by the Louvre in Paris, the Museum of Legion of Honor,...
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