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Executive Loic Gouzer has helped found the company Particle, a platform that merges art and technology with a goal of reaching a broader pool of potential buyers. The company, Particle, hopes to establish a meta-museum.

“When I was a kid and I was looking at auctions and catalogs, I always felt it was impossible to participate financially and that I was by definition excluded,” Gouzer said in a telephone interview. “Fractionalizing the work in 10,000 NFTs allows a much wider audience to be part of a collecting experience.

“Of course you can enjoy art when you go to a museum, but the enjoyment from art comes also with owning it,” he said. “That’s why people collect.”

Particle will buy physical artworks, digitize them, and then divide each into 10,000 unique NFTs—or, you guessed it, particles. Copping one is like purchasing a piece of a virtual puzzle: you can claim ownership, but you can’t hang it in your home.

Particle announced its first purchase: Banksy’s 2005 painting Love Is in the Air, which Gouzer, the company’s head of acquisitions, snagged for $12.9 million at Sotheby’s in May. The group will debut that first piece of their budding collection this Friday at the Institute of Contemporary Art, Miami.

“The painting perfectly aligns with the philosophy that we’re going for, which is bringing humanity’s greatest works to everyone through a decentralized, open platform and giving power to organic communities to grow,” said Particle C.E.O. Harold Eytan. “Banksy is all about that—inclusivity and allowing more people access to fine art.”

On December 13, collectors can apply to buy their own particles of Love is in the Air, priced at $1,500 a pop. At that rate, selling all 10,000 NFTs would allow the company to more or less come out even (after moving 100 particles and a percentage of the royalties to the Foundation, that is).

Sotheby’s announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its latest nonfungible token (NFT) collection via Sotheby’s Metaverse. The auction titled Gifted: The 140 Collection is considered to be Sotheby’s “biggest NFT charity auction ever,” with all of its proceeds going toward Sostento.

The NFTs were originally gifted by Twitter as part of a giveaway of 140 NFTs to 140 random followers in June of this year. Its recipients became known as “The Besties.”

The collection was formed by seven of those lucky followers that randomly received one of the 140 exclusive NFTs who have united to auction a full set of seven NFTs – with the proceeds will be donated to Sostento, an organization that gives “vital support to frontline public health workers”.

In an announcement shared with Cointelegraph, Cassandra Hatton, Sotheby’s global head of Science and Popular Culture said: “It is inspiring to work not only alongside an organization like Sostento, but also with the group of Besties who recognize the significance of their NFTs and are harnessing that power for a good cause.”

Sotheby’s is the first auction house to launch a dedicated marketplace for NFTs, Sotheby’s Metaverse. Launched last month, the dedicated platform will exclusively host all of Sotheby’s NFT sales.

The great late designer Karl Lagerfeld’s most personal collection – from the art he lived with to the items in his wardrobe – is being presented by Sotheby’s during a series of eight auctions that would be staged across Monaco, Paris and Cologne. Sotheby’s is paying tribute to this genius of a designer with the sale presenting an anthology of his personal taste but also of his life and career. The sales are in his image, multiple and surprising, telling the story of the couturier, the collector, the decorator, and the photographer.

The executor for the designer’s estate had missioned the auction house to value and sell items from Lagerfeld’s residences two years after his passing. “The auction will pay tribute to this unique and exceptionally creative designer, a major figure in the worlds of fashion and art,” says Pierre Mothes, vice president of Sotheby’s France.

The late fashion legend is known to be a design aficionado and a huge collector of valuable furnishings and art. He was also a fan of multiple design movements, including the Memphis group founded by Italian architect Ettore Sottsass.

The sales also include numerous lots featuring Karl Lagerfeld – from his portrait by Takashi Murakami to Tokidoki dolls – as well as the designer’s personal items; these include bowls adorned with the image of his cat Choupette, a Jeff Koons Balloon Venus, three Rolls Royces, the iconic leather Mitaines that he wore constantly for the last 20 years, and a selection of suit jackets by Dior, Saint Laurent, KL, Comme des Garçons and Martin Margiela.

Learn more about the Lagerfeld Auctions here!

An exceptionally rare first-edition printed copy of the US Constitution is going on sale in New York, with Sotheby’s auction house expecting bids up to $20 million. It is one of just 11 surviving copies from the first printing of the document’s final text, produced for delegates of the 1787 Constitutional Convention and Continental Congress.

 

In a press release, Sotheby’s described the document as “rarer than the first printing of the Declaration of Independence.” The auction house’s senior books and manuscripts specialist, Selby Kiffer, is meanwhile quoted as saying that the item is “one of the most rare and coveted historical documents” ever to head to auction.

Kiffer also oversaw the document’s 1988 sale to the Goldmans, who purchased it for $165,000 from a private Philadelphia collector. In the years since, it has been loaned to institutions including the New York Historical Society and United States Supreme Court, among others. The other 10 surviving copies from the first printing are all now held in institutional collections, Sotheby’s said.

The document is part of a larger sale of historic American documents from Goldman’s collection, which features an early copy of the Articles of the Confederation, as well as an official printing of the Stamp Act.
Learn more here!

Kobe Bryant is a name that’s already left its mark on history. The late LA Lakers shooting guard proved himself as one of the best basketball players to ever touch a court, but he was also a rather fashionable guy, and those who wish to be a part of his legacy can cop a piece of his style.

Coming to auction this month will be a pair of high-top Nike sneakers from the late NBA star Kobe Bryant, the Los Angeles Lakers shooting guard who died in a helicopter crash in Calabasas last year.

The blue, white and gold Nike Air Zoom Huarache 2K4 basketball shoes are expected to fetch up to $38,000 during the sale at Sotheby’s. Kobe wore the sneakers in a March 17, 2004, victory over the L.A. Clippers, according to the Sotheby’s auction house.

More Bryant items featured at the auction include a replica pair of Air Jordan 3 and air Jordan 8 shoes gifted to Bryant in the early 2000s by the Jordan Brand. The shoes were given to Bryant shortly after his contract ended with Adidas at a time when he was unaffiliated with a shoe brand.

Learn more here!

Live PC Give PC is November 5th! Organized by Park City Community Foundation, Live PC Give PC is Summit County’s biggest community day of giving.

The 24-hour event hosted by Park City Community Foundation aims to bring in 6,500 donors to support over 140 nonprofit fundraisers. People of all ages and backgrounds are expected to participate in this online event which also includes several in-person activities for volunteers and supporters to celebrate.

Since 2011, more than $16 million has been raised for Park City and Summit County nonprofits on Live PC Give PC. This year the Community Foundation is hoping for more contributions and involvement than in past years as many nonprofits have still not been able to do in-person fundraisers because of COVID-19 and many rely on this giving day to operate their programs.

Last year alone, Live PC Give PC raised nearly $3.5 million from thousands of donations, with the largest portion of the donations coming from local Summit County residents supporting their favorite nonprofits, including those focused on arts, education, health care, animal welfare, trails, environmental efforts, cultural and recreational programs, and social services. Many donors were also part-time residents and visitors who care about Park City.

Give back to the community that’s given you so much. Donate to the nonprofits and you can have a big impact right where you live, work and play. Visit LivePCGivePC.org to donate!

The coveted 18th-century rarity, known as the Penny Black, was the world’s first postage stamp and represents the very dawn of social communication. Measuring less than 1 square inch, it originally cost a single penny in 1840, but could fetch in excess of $8 million at Sotheby’s Treasures sale on December 7.

Featuring a profile of Queen Victoria, the Penny Black allowed Brits to send a letter weighing up to half an ounce anywhere in the country for a flat rate of just one penny. Prior to that, the recipient had to cover the postage cost. It was a huge success, and, eventually, more than 68 million stamps were sold.

“This is the first-ever stamp, the precursor to all stamps, and unequivocally the most important piece of philatelic history to exist,” Henry House, head of Sotheby’s Treasures sale, said in a statement. “Though there are many hugely important stamps in collections both public and private around the world, this is the stamp that started the postage system as we know it.”

The stamp is one of three Penny Blacks believed to have survived from the very first sheet of printed stamps. The other two are part of the collection at the British Postal Museum.

It is the first of its kind to be offered at auction, Sotheby’s said, giving it a price estimate of $5.50 million – $8.25 million.

:earn more at www.sothebys.com.

Practically synonymous with art itself, Pablo Picasso needs no formal introduction. But for the first time on 23 October, we see Picasso in perhaps the most comprehensive and personal collection ever assembled. Coinciding with Pablo Picasso’s 140th birthday this October, MGM Resorts and Sotheby’s will present a singular, first-of-its-kind marquee Evening Sale of masterworks by the legendary artist from the MGM Resorts Fine Art Collection. Conducted live from the Bellagio Hotel & Casino in Las Vegas, this historic auction will comprise eleven works, all until recently on display in the Bellagio’s renowned Picasso restaurant.

Marking the first-ever marquee auction in North America outside Sotheby’s signature New York auction venue, this event is highlighted by Picasso’s Femme au béret rouge-orange, a stunning portrait of one of the artist’s most influential lovers and muses. Sotheby’s is proud to present Picasso: Masterworks from the MGM Resorts Fine Art Collection, a landmark auction celebrating the life and work of one of the world’s most iconic artists.

 

Accompanying the auction is a four-day exhibition of luxury property specially curated by Sotheby’s, which will be on view at MGM’s ARIA resort October 21–24. The exhibition will feature a selection of the world’s finest luxury objects, including automobiles, jewelry and watches, handbags, sneakers, and more. Property from the exhibition will be sold via two auctions: Icons of Excellence & Haute Luxury, a live sale taking place at MGM’s ARIA resort on Sunday 24 October at 11 AM PDT; and Icons of Endless Luxury, an online sale which will open for bidding on Thursday 21 October at 10 AM EST and begin closing on Thursday 4 November at 10 AM EST. Clients are invited to participate bidding in both Icons of Excellence & Haute Luxury and Icons of Endless Luxury online at Sothebys.com and via the Sotheby’s app, as well as in-person in Las Vegas for Icons of Excellence & Haute Luxury.

Sotheby’s is auctioning off a pair of signed sneakers that basketball legend Michael Jordan wore in one of his first games playing for the National Basketball Association. They are expected to fetch a record price when they go up for auction later this month. The Nike Air Ship trainers, which Jordan wore in his fifth game for the Chicago Bulls back in the 1984-85 season, are expected to be sold for between US$1 million and US$1.5 million, the auction house estimate.

Jordan wore the US size 13 shoes in a game against the Denver Nuggets on November 1, 1984. He autographed them and gave them to a Nuggets ball boy, current owner Tommie Tim Lewis III.

The shoes are one of the most important pairs to come on the sneaker market, Brahm Wachter, Sotheby’s head of streetwear and modern collectibles specialist, said in an interview. Mr. Wachter said they are the earliest-known regular-season game shoes that Mr. Jordan wore. “Collectors really covet things that are early,” he said.

The high-end sneaker auction market has exploded in the past few years, according to Mr. Wachter. The sneaker resale market itself is expected to reach $30 billion by 2030, and Sotheby’s is trying to carve out the top 5% of the high-end sneakers market, he said.

Sotheby’s Icons of Excellence & Haute Luxury auction, which will take place in Las Vegas on Oct. 24, also features an early version of Bruce Springsteen ‘s “Born to Run.” The single sheet of ruled notebook paper, with 26 lines in blue ink and black felt tip, is expected to fetch between $200,000 and $300,000.