Will Banksy’s “Love is in the Air” sell for more than $5 million at Sotheby’s?

This is a market on the hammer price of Banksy’s “Love is in the Air” (Lot 104) auction at Sotheby’s, scheduled to take place on May 12, 2021. This market will resolve to “Yes” if the final hammer price exceeds $5 million, and “No” otherwise. The market will resolve according to the hammer price as listed on the official Sotheby’s auction website (https://www.sothebys.com/en/buy/auction/2021/contemporary-art-evening-auction/love-is-in-the-air-2). In the event of ambiguity in terms of the market outcome, this market will be resolved in good faith at the sole discretion of the Markets Integrity Committee (MIC).

How trading works

Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.

Resolution

Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.