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Sotheby’s to accept bitcoin or ether in auction of rare 101 carat diamond sale of $15M

Sotheby’s to accept bitcoin or ether in auction of rare 101 carat diamond sale of $15M


Seeking Alpha
2021-07-07 10:32:44
Sotheby’s to accept bitcoin or ether in auction of rare 101 carat diamond sale of $15M

Sotheby’s (BID) is set to auction “luxury edit” sale series in Asia.This pear-shaped diamond can be bought with either ether or bitcoin, and cryptocurrency exchange Coinbase Commerce will facilitate the payment.The diamond in auction is on display at company's Hong Kong gallery from 3 to 8 July.“The fact that cryptocurrency is to be accepted as payment also marks a significant moment in the evolution of the market: no other physical object with an estimate even approaching the US$10-15m (HK$78-118 million) estimate this diamond carries, has ever been publicly offered for purchase with cryptocurrency,” the auction house’s statement said.Source

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