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Art investments and how they have changed

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Recommended videos:

How greed is ruining NFTs ► https://youtu.be/8MuC6KFx5b0
Bitcoin (and the blockchain) Explained ► https://youtu.be/sseN7eYMtOc

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On February 23, 2022, Sotheby's was getting ready for a $30 million auction.

It's a lot of money, but it's actually tiny for Sotheby's.
So, this should be an easy sale, right?
Not quite. Twenty-five minutes after the event was supposed to start, nothing happened. Then, an employee took the microphone and said, "the auction is off."
Fans, connoisseurs, and millionaires alike gasped in shock. Potential buyers wanted answers, but Sotheby's PR was blunt and silent.
The rest of the world had a field day speculating why this happened.

Why would they back out? Well, it's because the auction house as we know it, is dying.

So let's talk about it in this episode of Forensics.

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0:00 NFTs and Auctions - Intro

0:59 NFTs and Auctions - An essential part of human history
2:44 NFTs and Auctions - The Space Between Us
6:50 NFTs and Auctions - New Times
9:00 NFTs and Auctions - Are they here to stay?

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https://twitter.com/cayahere
https://instagram.com/caya_here

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This video was sponsored by Masterworks.

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Sidebean makes documentaries about startups, tech, and their impact on society. It is a venture-backed company that helps other startups navigate the complicated road to success. They love to cover stories around business, startups, and tech, trying both to teach and entertain.

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Disclaimer: This podcast is an independently produced audio adaptation of content originally shared by Sidebean. It was created by a fan who appreciates Sidebean’s thoughtful storytelling and wanted to make these ideas more accessible for audio-focused listeners. This is not an official production of Sidebean, nor is it affiliated with or endorsed by the channel. All rights to the original video content belong to Sidebean. If you are a representative of Sidebean and have any questions or requests, please feel free to reach out.

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