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Hey, I'm David Brown and this is Business Wars.

Auctions offer up quite the spectacle. They're fast-paced, high stakes and at times pretty juicy.

The 2019 film Uncut Gems with Adam Sandler captured some of this tension on screen during a cutthroat bidding war.

110,000 hours once again against you, sir. We try 120. 120 now. Try one more, sir. Try 130. 130 now. We try 140. 140,000 now.

And then of course, who can forget Willy Wonka and the Chocolate Factory?

This is the one and only. The absolutely last case of Wonka bars left in the United Kingdom. Shall we start the bidding at 1,000 pounds?

Okay, that last one was just for fun, but you get the point, right? The art of the auction can be just as enthralling as the art up for sale.

And with the rise of digital art and NFTs, auction houses have had plenty of unique valuable pieces to offer up to collectors.

The two biggest names in the auction game, Christie's and Sotheby's, have a lot to keep up with.

For a full update on how they're doing, we're bringing in Nate Freeman, an art columnist at Vanity Fair.

He recently covered Christie's record-breaking sale of Microsoft co-founder Paul Allen's art collection, which raked in more than a billion dollars.

Later we'll hear from Rafik Anadol, a digital artist whose NFTs have been auctioned off by Sotheby's and Christie's for millions of dollars.

His recent installation at the Museum of Modern Art is turning traditional art on its head and collectors are watching.

You don't have to be the highest bidder, but you'll sure want to stick around all that's coming up next on Business Wars.

Hi there, Wondry listeners. Hannah and Sruti here from TrueCram Podcast Red handed.

We just wanted to say how excited we are to be included in Amazon Music and Wondry's best podcasts of the year as chosen by their listeners.

So thank you so much to everyone who listened to us voted for us, all the things you do for us.

Any of you out there who haven't checked out Red handed, what are you doing? What are you waiting for?

It's a weekly show where we deep dive into the most talked about cases like the Delphi murders and also those you might never have heard of like the Nathari child sacrifices in Delhi.

Go listen to Red handed right now on Amazon Music or wherever you get your podcasts.

Nate Freeman, welcome to Business Wars.

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