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The Newest Technological Trend in the Art Market

Blockchain is changing the industry.

On Nov. 13, 2018, Christie’s sold the Barney A. Ebsworth Collection (the Ebsworth Collection) for a total of $317,801,250, becoming the largest art sale ever to be recorded on a single blockchain.1 Taking a step back, you may be wondering: first, what’s a blockchain, and second, why is a blockchain even relevant when discussing an estate art sale? Well, as was seen with the auction of the Ebsworth Collection, blockchain is the latest technological trend breaking through to the art

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