Sotheby's Accepting Bitcoin For A Banksy
The legacy fine arts auction house Sotheby’s International would accept bitcoin in exchange for a Banksy painting being auctioned soon.276-year-old fine arts auction house Sotheby’s International is open to bitcoin payments for a Banksy piece estimated to fetch $3 million to $5 million during an upcoming sale.“What better combination to introduce crypto than an iconic Banksy painting,” Sotheby’s CEO Charles Stewart told CNBC. The winner of the auction, which will be held on May 12, can choose to pay in USD or ether as well.The painting, titled “Love Is In The Air,” is one of Banksy’s best....
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Fine arts dealer Sotheby’s is now accepting Bitcoin and Ether as payment methods. The first offering to test the response is Banksy’s Love is in the Air, which depicts a masked man throwing flowers. This is made possible by partnering with Coinbase, which has set up a bespoke solution to enable this. Stefan Pepe, Sotheby’s […]
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, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” will be sold for ether “for the first time at auction.”
2 Banksy Paintings to be Sold at Auction in Ethereum via Sotheby’s Fine Auction House
In 2021,....
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....
On Wednesday, the world’s largest collector car auction house by total sales, RM Sotheby’s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm’s upcoming Guikas Collection sale on November 19 will be RM Sotheby’s first auction to accept digital currency payments for collectible automobiles.
RM Sotheby’s Announces Crypto Payment Support via Bitpay
While cryptocurrencies have increased significantly in value, a great number of businesses have turned toward accepting digital assets for goods and services payments.....