A 101.38-carat diamond was sold by Sotheby’s for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans who had hoped the offering by Sotheby’s would mark another milestone in mainstream acceptance of digital assets. Earlier in the week, Sotheby’s said it was the most expensive physical object ever publicly offered for purchase with cryptocurrency. Auction houses are increasingly accepting cryptocurrencies for payment, with Phillips offering a piece from street artist Banksy last month for Ether or Bitcoin. Christie’s accepted payment in Ether in March for the record $69.3 million sale of Beeple’s “Everydays: the First 5,000 Days." Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint July 09, 2021 05:26 UTC