Antiques find new appeal with young, tech-savvy collectors as galleries mint NFTs linked to ancient artefacts

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The fusty world of antiques is getting a youthful breath of fresh air, thanks to non-fungible tokens (NFTs). A growing number of art galleries and dealers are using the blockchain to mint NFTs for ancient artefacts, ushering in a group of younger, tech-savvy clients. Last May, Hong Kong-based Wui Po Kok Antique launched a two-part sale of 60 tokens that are linked to two legendary weapons from the Chinese Qing and Han dynasties.Do you have questions about the biggest topics and trends from aroun

The fusty world of antiques is getting a youthful breath of fresh air, thanks to non-fungible tokens ., ushering in a group of younger, tech-savvy clients.that are linked to two legendary weapons from the Chinese Qing and Han dynasties.

“Among all the different types of antiques, we have decided to start with minting NFTs backed by antique Chinese weapons because weapons share a common link with the digital assetsHe declined to disclose the selling prices of the swords, but said as a point of reference similar antique weapons have been known to fetch up to HK$1 million at public auction.

Millennials have been driving big-ticket art and antique sales among high-net-worth individuals, according to a UBS survey of 500 people with investible assets of at least US$1 million in five markets including Hong Kong, the UK and the US.

 

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