Sotheby's will allow people to trade their crypto for an 'intrinsically worth...

Sotheby's will allow people to trade their crypto for an 'intrinsically worth...

Is the auction house betting that diamonds will become a crypto user's best friend? Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month.According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for bids in crypto and fiat starting on July 9. Buyers are expected to bid up $118 million HKD — roughly $15 million — for the stone. This amounts to more than 454 Bitcoin (BTC) at the time of publication at a price of $32,974. Sotheby’s has also accepted Ether (ETH) in previous....


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