Asian Auction House Phillips Will Accept Crypto at Auction for a Physical Pie...
The well-known Phillips Auction House has announced the company plans to accept cryptocurrency for the first time in a physical art auction set for June 7-8. Phillips will be auctioning a world-famous piece of artwork called the “Laugh Now Panel” created by the anonymous street artist Banksy. ‘Laugh Now’- Phillips to Accept Cryptocurrency at a Banksy Auction in June Whether Banksy likes it or not, his artwork has been tied to blockchain technology and sold for crypto assets in recent times. Additionally, the infamous street artist’s work was even burned after....
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On May 18, the auction house Phillips will be hosting an evening sale featuring the work of the American artist Jean-Michel Basquiat. Phillips’ Evening Sale of 20th Century & Contemporary Art will auction Basquiat’s “Untitled, 1982” piece worth an estimated $70 million. According to the announcement, Phillips has revealed the auction will accept ethereum or bitcoin for the artwork.
Phillips to Accept Bitcoin and Ethereum for Jean-Michel Basquiat Art Auction
The renowned art collector Yusaku Maezawa and the 225-year-old auction house Phillips will be....
The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind. Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy.Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on a physical work of art. The auction, titled ‘The Now Evening Auction’ features Banksy’s Trolley Hunters and Love Is In....
Sotheby’s, the world’s largest auction house, will start accepting cryptocurrencies for physical art. The first auction for which bitcoin and ether will be accepted is Banksy’s Love is in the Air image at the Contemporary Art Evening Auction. The piece is estimated to sell for between $3 million and $5 million. Sotheby’s Accepts Bitcoin and Ether Sotheby’s announced Tuesday that it will start accepting cryptocurrency via Coinbase. According to the auction house, this is the first time cryptocurrencies will be accepted for payments for physical art. Established....
Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million. Major auction house Sotheby’s has completed its cryptocurrency-enabled auction offering Banksy’s iconic protest artwork “Love is in the Air.”According to the auction results, Sotheby’s sold the physical artwork on Wednesday for $12.9 million, significantly up from from originally estimated of $3 million to $5 million. The physical artwork was offered at a Contemporary Art Evening Auction that also featured “Versus Medici” by Jean-Michel Basquiat selling for nearly $51 million.Sotheby’s announced on....
A leading U.S. auction house, Phillips is auctioning a Baqueirat collection in May. Accepted payment options include Bitcoin and Ether. In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options.The showstopper 16-foot painting, Untitled, 1982, is “estimated in the region of $70 million” (roughly 1650 BTC or 25,513 ETH). It will go under the hammer in New York on May....