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.
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Sotheby’s Hong Kong will offer at a single lot sale on July 9, a diamant rare of 101.38 carats, which will be possible to acquire via payment by cryptocurrency. A first for an object physique estimated between 10 and 15 million dollars. Mark your calendars!
Attention, record in sight! Sotheby’s has informed holders of cryptomonnaies that they can try to get hold of a exceptional diamond, cut Pear, over 100 carats. It should be noted that if it is already rare that such diamond 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 cryptomonnaie.
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 generally digital artwork who tear themselves away from prix d’or ; 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, in Ether or in Bitcoin via Coinbase Commerce.
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