Crypto is having a sudden renaissance. The price of Bitcoin surged to an all-time high last week, exceeding $90,000 dollars. This turn of events is the latest in a boom-and-bust cycle that saw Bitcoin below $20,000 last year, in the depths of a so-called “crypto winter” that cast a stultifying chill over the art world’s growing NFT market. Could there be a crypto rebirth in the art trade on the horizon?
Also in this episode, Christie’s, Sotheby’s and Phillips will attempt to sell roughly $1.6 billion dollars worth of art this week in New York. Plus, why dozens of seemingly fake social media accounts have been targeting major art galleries and fairs with anti-Paris posts.
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