Last week’s marquee auctions in New York—long viewed as a bellwether for the global art market—offered a revealing snapshot of current conditions. Despite the presence of more “masterpiece” lots priced at $30 million and up than last May, results suggest that strong supply alone isn’t enough to offset deeper challenges.
Plus, Yuga Labs, the company behind Bored Ape Yacht Club, has sold its landmark CryptoPunks NFT collection to the NODE Foundation.
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