Roundup: Fractionalizing Banksy NFTs, Card Ladder bought out, and crypto takes over Art Basel (and Miami)
December 10, 2021
Moriah Costa

📰 In the Headlines‍

Derivative NFTs are coming to the art world  

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• Former Christie’s co-chair Loïc Gouzer thinks he can turn a $13m Banksy painting into NFTs.  

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• Gouzer’s company, Particle, has donated the work to a non-profit and will create 10,000 NFTs of the work and auction those off — but buyers won’t legally own the piece.  

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• Fun Fact: The increase in derivative NFTs raises questions about copyright and whether or not other owners can legally create derivatives of a work.

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‍Collectors Universe buys Card Ladder  

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• Collectors Universe, PSA’s parent company, bought Card Ladder earlier this month, a popular price guide and analytics platform for sports cards.  

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• Card Ladder data will be integrated with Collectors Universe and likely find its way into PSA’s pop reports in the near future.  

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• Fun Fact: Card Ladder launched just 18 months ago. It tracks nearly 20,000 cards and pulls its data from 15 industry sources, as well as other major pop reports.

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‍Crypto was king at Art Basel Miami  

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• Art Basel Miami wrapped up last week and NFTs were all the rage. Tezos, the blockchain network, was a sponsor, and major galleries like Pace and Nagel Draxler had NFTs on offer.  

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• The focus on NFTs is also part of the art world’s attempts to appeal to tech investors, who have proven an elusive target for many galleries.  

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• Fun Fact: Just like art fairs are becoming hotspots for NFT sales, Miami is quickly becoming the NFT capital. The city has situated itself as a hub for crypto — it recently minted its own digital currency and its mayor took his last paycheck in bitcoin.

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 🔥 From the Otis Collection

• On Wednesday, 12/15, Otis House soft launches with an auction of the first batch of NFTs minted on the platform. These NFTs will represent  items vaulted with Otis – across video games, cards, and art. Find out more about Otis House here.  

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• This week in the Otis Discord, we’re talking about: Meebit NFT, Bansky’s NFT, and more — join the conversation.  

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• A 1986 Fleer Basketball set with 130 of the 132 cards rated PSA Gem Mint 10 sold for $270k at Robert Edward Auctions on Sunday. Based on the sale, alternative assets blog Vincent values a complete PSA 10 set at $550k. A complete PSA 10 1986 Fleer Basketball Set is trading on Otis at a market cap of $506k as of market close 12/9.  

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• Streetwear is the new designer wear. Sotheby’s inaugural launch into streetwear includes an auction of 200 Supreme skateboard decks. Twosets of Supreme Skateboards are trading on Otis.  

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• Tampa Bay Buccaneers quarterback Tom Brady is planning to drop an NFT collection featuring some of his early plays. Otis has a Tom Brady Rookie Card (2000 SP Authentic #118 /1250 PSA 10) trading on the platform.  

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• Banksy is selling the stencil he used to paint graffiti on Reading Prison to raise funds for buying the jail and turning it into an arts center. Banksy’s Police Car, 2003 is trading on Otis.  

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• A Shang-Chi and the Ten Rings sequel is in the works, with director Destin Daniel Cretton slated to return.  A copy of Special Marvel #15, Shang-Chi’s first appearance, is trading on Otis.

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‍🔖 From Otis Magazine

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This week on Otis Mag we have two articles.

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First, we dive into why Grimes has remained a cultural icon for millennials.

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Read: Why Grimes is the Nerdy Millennial Queen of Internet Culture

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For more nostalgia, explore the most expensive vintage toys out there.

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Read: The Most Expensive Vintage Toys of All Time

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