It would have been the greatest insult to rock the Upper East Side on any normal night, but instead the private equity heir Holly Peterson could only laugh.
Why had a Sotheby’s official denied her access to a bidding paddle?
In February 2022, Ms. Peterson, an author and art collector, was surrounded by a new clientele: the crypto nouveau riche, who made a temporary home of the art market.
It was supposed to be another banner evening for the booming art market, where NFTs had come to represent almost half of the industry’s $65 billion valuation in only a couple of years.
They were estimated to sell for $20 million to $30 million, and, for the first time, Sotheby’s had devoted a major sale to just a single lot of NFTs.
Persons:
Holly Peterson, Peterson, riche, NFTs, Sotheby’s, Leonardo da Vinci
Organizations:
Twitter
Locations:
sweatpants