Art investments and how they have changed 

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On February 23, 2022, Sotheby's was getting ready for a $30 million auction.
It's a lot of money, but it's actually tiny for Sotheby's.
So, this should be an easy sale, right?
Not quite. Twenty-five minutes after the event was supposed to start, nothing happened. Then, an employee took the microphone and said, "the auction is off."
Fans, connoisseurs, and millionaires alike gasped in shock. Potential buyers wanted answers, but Sotheby's PR was blunt and silent.
The rest of the world had a field day speculating why this happened.
Why would they back out? Well, it's because the auction house as we know it, is dying.
So let's talk about it in this episode of Forensics.
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0:00 NFTs and Auctions - Intro
0:59 NFTs and Auctions - An essential part of human history
2:44 NFTs and Auctions - The Space Between Us
6:50 NFTs and Auctions - New Times
9:00 NFTs and Auctions - Are they here to stay?
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This video was sponsored by Masterworks.

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