Sotheby's is breaking new ground.
The auction house makes it possible for the first time to pay for cryptocurrencies at the auction of a 101-carat gemstone.
Hong Kong - A small payment step for humanity and a big economic step for the legitimation of cryptocurrencies.
The international auction house Sotheby's is breaking new ground.
Because at the auction of a pear-shaped diamond with 101.38 carats on Friday, July 9th, 2021, the well-known auction house is now also counting on Bitcoin or Ether as payment methods.
Sotheby's is by no means a pioneer when it comes to crypto currencies as a means of payment at auction houses.
Instead, the renowned auction house joins Phillips and Christie's.
For example, the former allowed payments with Ethereum (Ether) and Bitcoin for a work of art by street artist Banksy, while the latter made this possible for a collection of digital works of art.
What effects this step has with regard to the recognition of crypto currencies from Bitcoin and Ether on the global financial market, you can also find out here how the question for which “ridiculous price” does the giant diamond * even go under the hammer?
* Kreiszeitung.de is an offer from IPPEN.MEDIA.