Sotheby's announces accepting 'bitcoin and Ethereum payments' for 101.38 carat diamond auction



Sotheby's , the world's oldest international auction company, announced that it will 'accept crypto asset payments' at the 101.38 carat diamond auction on July 9, 2021.




Sotheby's to Accept Bitcoin (BTC), Ether (ETH) for 101-Carat Diamond Auction | BTCMANAGER
https://btcmanager.com/sothebys-bitcoin-btc-ether-eth-101-carat-diamond-auction/

Sotheby's to accept bitcoin, ethereum for Banksy auction | Reuters
https://jp.reuters.com/article/crypto-currency-sothebys-idCNL4N2MR2A9

Sotheby's Auctions 101-Carat Diamond, Will Accept Bitcoin, Ether --Bloomberg
https://www.bloomberg.com/news/articles/2021-07-07/sotheby-s-auctions-101-carat-diamond-in-new-milestone-for-crypto

The pear-shaped Flores diamond , which is 101.38 carats in size and contains no impurity nitrogen, belongs to 'Type IIa' and will be auctioned in Hong Kong on July 9th. In the details of the auction page, 'Historically, very few faceted diamonds over 100 carats are rarely seen in perfect color and transparency.' Is written. Sotheby's expects the winning bid for this diamond to be $ 3-5 million, but could reach $ 15 million. He said he was in the field of view.

The Key 10138
https://www.sothebys.com/en/digital-catalogues/the-key-10138



With respect to the auction of the diamond, Sazabisu bit coin and ethereum we call a topic that has received the payment by encryption assets two. According to Sotheby's Managing Director of Global Luxury, Josh Pourin, demand for expensive gemstones is on the rise, especially from the 'young digital natives of Asia.' .. Against this background, Sothebys will partner with Coinbase, a cryptocurrency exchange, to accept payments for two types of crypto assets.

There Auction House is increasingly the case that accepts the payment by encryption assets, the auction house leading form the Sotheby's and matchless in February 2021 Christie 'made a successful bid in the 69,346,250 US dollars (about 7.5 billion yen) non-substitutability token (NFT) ”payments are accepted on Ethereum, and Sotheby's itself said in May 2021 that Banksey 's“ Love is in the Air ” auction would be accepted on Bitcoin and Ethereum. The following is 'Love is in the Air'.



George Bak, art adviser and curator at the Museum of Contemporary Digital Art in Switzerland, said that auction house executives were amazed by the enthusiastic interest of collectors in 'paying with crypto assets.' Commented that the number of cases is increasing. 'Many people who suddenly get rich from the soaring crypto asset market over the past year are good at getting rich,' he said. 'I want to be competitive in the art world as an art dealer or auction house.' If so, accepting payments from crypto assets can make us a more attractive and innovative company. '

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