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Why Sotheby's, Christie's are taking NFTs seriously

Luxury auction houses Sotheby's and Christie's are embracing non-fungible tokens, art that only exists in the digital realm. Christie's sold an NFT by digital artist Beeple for $69 million, and Sotheby's, which has focused on tech since it was acquired by telecom mogul Patrick Drahi, has scheduled its first NFT auction.

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