Pace Gallery launches permanent NFT platform with cryptocurrency payments
Pace Gallery is launching a permanent digital platform for selling NFTs made by artists and showcasing NFT artworks. This new venture will begin in September with a solo exhibition featuring digital prints from Lucas Samaras. The gallery’s first online sales director, Christiana Ine-Kimba Boyle, will oversee the platform. Marc Glimcher, the president of Pace, expressed his enthusiasm for cryptocurrency, highlighting his ongoing investment in digital assets and the convenience of processing cryptocurrency payments. Back in April, Pace teamed up with Fair Warning, an auction app by former Christie's expert Loïc Gouzer, to auction Urs Fischer's NFT, CHAOS #1 Human, which fetched $97,700. Fischer decided to work with Pace and Fair Warning after Gagosian suggested he wait to enter the NFT space.
Key facts
- Pace Gallery is launching a permanent digital platform for NFT sales and exhibitions
- The platform will debut in September with a solo exhibition of Lucas Samaras's digital prints
- Christiana Ine-Kimba Boyle, Pace's first online sales director, will oversee the initiative
- Pace will accept cryptocurrency payments going forward
- Gallery president Marc Glimcher stated he has held cryptocurrency and finds it painless to accept
- In April, Pace partnered with Fair Warning auction app to sell an NFT by Urs Fischer
- Urs Fischer's NFT CHAOS #1 Human sold for $97,700
- Larry Gagosian said Gagosian gallery needed more time to explore NFTs before entering the market
Entities
Artists
- Lucas Samaras
- Urs Fischer
Institutions
- Pace Gallery
- Fair Warning
- Christie's
- Gagosian
- Bloomberg News
- Wall Street Journal
Locations
- Switzerland