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  • AuctionDaily

    Auction Industry

    What We Know (and Don't Know) About Pak

    Reboot Ginevra by Pak. Photo from the artist. Last week, Sotheby's announced a partnership with digital artist Pak. The auction industry expected Sotheby's to delve into digital art and NFTs after its leading competitor, Christie's, broke the auction record for an NFT earlier this month. However, Sotheby's move raised more…

    What We Know (and Dont Know) About Pak1

  • Artists

    A Japanese Mega-Collector Is Giving Away $9 Million to His Twitter Followers to See If Money Makes People Happy

    Yusaku Maezawa's scheme was sparked by recent calls for universal basic income. Yusaku Maezawa. Photo © Yusaku Maezawa. The billionaire art collector and fashion mogul Yusaku Maezawa is giving away ¥1 billion ($9 million) to a group of his Twitter followers in a “social experiment.” The 44-year-old Japanese businessman, whose net worth is currently…

    Yusaku Maezawa. Photo © Yusaku Maezawa.