Christie’s Is Now Using the Blockchain to Track Watch Sales
Back in 2018, Christie’s first announced its plans to use blockchain technology in its auctions. In October of that year, the renowned auction house entered a pilot partnership with the blockchain-secured digital art registry service Artory. Together, they created a blockchain registry that would securely record all public information regarding the sale of each lot from the Barney A. Ebsworth Collection, widely recognized as the most important privately held collection of American Modernist art. The registry included the title, description, final price and date in addition to a digital certificate of the transaction for Christie’s. After the auction, Christie’s would then offer buyers a registration card to access an encrypted record of information about their purchase on the Artory Registry.
