Kresus partners with Christie’s to introduce blockchain-based certificates of ownership for an auction of iconic photographs, revolutionizing the way art collectors authenticate and manage their collections using cutting-edge blockchain technology .
Kresus, a leading crypto wallet provider, has partnered with Christie’s to offer blockchain-based certificates of ownership for more than 130 lots at Christie’s auction, “An Eye to the Real: Photographs from the collection of Ambassador Trevor Traina”. The auction will take place on October 2 at Christie’s Rockefeller Center.
As part of this innovative collaboration, Kresus will issue unique digital certificates for each of the 132 auction lots, creating a secure and permanent record of ownership on the Base blockchain, developed by Coinbase. This partnership introduces a modern solution for collectors, allowing them to authenticate and manage their physical art through the Kresus Wallet, leveraging the transparency and security of blockchain.
Trevor Traina, founder of Kresus said: “Blockchain allows a lot of things. As an art collector, I am well aware of the burden of managing and maintaining provenance and proper documentation, often in paper form and in binders. This partnership with Christie’s illustrates how technology can enhance the collector experience, providing a digital and secure way to manage physical assets. We are excited to launch this initiative and set a new standard for artistic provenance in the digital age.
With this collaboration, Kresus will allow collectors to access their digital certificates through its wallet, simplifying the authentication process. These blockchain-based certificates provide a more efficient and secure way to manage physical art collections, reducing the reliance on traditional paper-based methods.
Nicole Sales Giles, Vice President and Director of Digital Art Sales, added: “At Christie’s, we are always looking for innovative ways to support and enhance our collectors’ experience. Working with Kresus to offer blockchain-based certificates of ownership is a natural evolution of our commitment to authenticity and transparency in the art world. This pilot program is an exciting step forward for the integration of art and technology.
This initiative highlights Christie’s ongoing efforts to modernize the art world by integrating blockchain technology, ensuring a higher level of transparency and security for collectors. Kresus’ role in creating these digital certificates for each lot brings a new layer of innovation to the auction process.
The photography auction includes works by iconic artists such as Diane Arbus, William Eggleston, Robert Frank and Cindy Sherman. Ambassador Traina’s collection reflects key mid-century photographic trends, focusing on the importance of women photographers and the development of color photography. In May, Christie’s set a new record for Diane Arbus’s “Identical Twins (Cathleen and Colleen), Roselle, New Jersey, 1966,” selling a lifetime print for $1.2 million.
As the auction showcases these valuable works, the integration of blockchain-based certificates of ownership is a notable feature, offering collectors a new way to manage and authenticate their purchases.
About Kresus
Kresus is a trusted platform for crypto wallet and digital asset management, providing secure access to decentralized applications. By integrating advanced blockchain technology into user-friendly tools, Kresus enables users to confidently engage in the evolving Web3 landscape. With the introduction of blockchain-based certificates of ownership, Kresus sets new standards for digital asset management, particularly in the area of authentication of physical works of art.
Learn more: www.kresus.com
