STORY: Digital art trade – the exhibition of the NFT collection “Phases” started on Wednesday at the auction house Christies New York. 18-year-old artist Diana Sinclair presented her work. She has worked in different mediums before, but brought a new focus to this collection: “I used other digital mediums to influence artworks over time and to show how memories and stages of life in our minds change over time.” She designed her artworks for the Christies 3.0 platform, which was set up by the 250-year-old auction house in collaboration with blockchain developers. A completely digital art trade is a novelty, according to Christie’s Business Director of Digital Art, Nicole Sales Giles: “This auction is the first from a large auction house where the sales are all processed on-chain.” The basis for trading digital art The Ethereum blockchain offers art in the form of non-fungible tokens, or NFTs for short. Works of art are stored on it, their owners noted and paid for with the digital currency Eth when sold. The starting bids for the works in the new collection are four to five eth, the equivalent of between 5,000 and 7,000 euros. The auction runs until October 11th.