For the first time, a non-digital object will be auctioned and payable in cryptocurrency. The coveted object is an extremely rare 100 carat diamond. Auction houses are confirming their interest in virtual currencies: after Christie’s, which was the first to open up to cryptocurrency by selling a digital work of art, it is Sotheby’s turn to rush into the ” crypto mania ”. Last detail for this sale: payment in fiat currency is still accepted.
Sotheby’s Hong Kong will offer at a single lot sale on July 9, aof 101.38 , which will be possible to acquire via payment by cryptocurrency. A first for an object estimated between 10 and 15 million dollars. Mark your calendars!
Attention, record in sight! Sotheby’s has informed holders ofthat they can try to get hold of a , cut , over 100 carats. It should be noted that if it is already rare that such is the subject of an auction – less than ten copies of more than 100 carats, of which only two pear-cut, are concerned, as Sotheby’s points out -, it is also the very first time that a non-digital object of such value is offered for purchase in .
Diamonds are cryptocurrency’s best friends
« It is a truly symbolic moment. The oldest and iconic denominator of value can now, for the first time, be purchased using humanity’s newest universal currency. There has never been a better time to bring a world class diamond like this to market », Underlines Wenhao Yu, vice-president of the jewelry department of Sotheby’s in Asia.
While more and more auction houses are accepting cryptocurrencies, they are generallywho tear themselves away from ; physical objects do not (yet) reach such amounts in cryptocurrency.
This rare diamond will be the subject of a single lot sale on July 9, direct from Sotheby’s Hong Kong. It will be possible to increase the auction from June 25. In a press release, Sotheby’s specifies that payments can be made in fiat currency,via Coinbase Commerce.