Sotheby’s Auction House Launches Marketplace for Secondary NFT Sales


On May 1, the company announced an addition to Sotheby’s Metaverse in the form of a “dynamic destination to collect, buy, and sell remarkable digital works.”

The blockchain-based NFT marketplace will be primarily for secondary sales of digital art. According to the announcement, the marketplace will feature a rotating, curated selection of leading artists hand-picked by Sotheby’s specialists.

They will provide “expert guidance and context for each work, from thematic presentations to artist spotlights, for an easy-to-navigate experience designed for discovery.”

Sotheby’s Secondary Market

Sotheby’s launched the Metaverse platform in 2021 for its art auctions but has now expanded it to handle resales. It supports NFTs minted on Ethereum and layer-2 scaling network Polygon.

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