Sotheby’s Sells Rare Diamond For $12.3 Million In Crypto, Sets World Record

Sotheby’s, the world’s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted. Biggest Auction House Accepts Cryptocurrencies Sotheby’s announced Monday that it is auctioning a rare, pear-shaped diamond on July 9 in Hong Kong that can be purchased with cryptocurrency. Established in 1744, Sotheby’s described itself as the world’s largest marketplace for art and luxury. With a network of specialists spanning 40 countries and 44 departments, “we host over 600 auctions....

A massive diamond just sold on Sotheby’s for a whole lot of crypto. Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9. The diamond “sold for $12.3 million to an anonymous buyer last Friday at Sotheby’s Hong Kong,” MarketWatch reported on Monday. “It’s the most expensive gem ever purchased with cryptocurrency, according to Sotheby’s,” MarketWatch added. News of the crypto-friendly diamond auction surfaced in the latter half of June, with estimates forecasting the diamond to hit prices somewhere in the....

“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk.In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London salesroom for roughly $11.8 million. According to the auction house, this sale represents a new world record for a single CryptoPunk artwork.CryptoPunks, which predate the bulk of the nonfungible token (NFT) craze in 2021, are often small, pixelated depictions of people, apes,....

A five-piece collection of Batman digital art has sold for a combined 540.86 ether, or about $202,000, on Makersplace, a record price for non-fungible crypto artwork. The rare artwork is a collection of animations or PNG files of the Dark Knight. It was created by DC comic artist José Delbo and Trevor Jones, a crypto artist. The highest price was for Genesis, a “striking pencil sketch and powerful inked work … [later] interpreted in oil on canvas,” which sold for 302.5 ethereum (ETH), or about $113,000, at current exchange rates. According to a description of the....

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....