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Sotheby’s will auction the work of Banksy for bitcoin

Founded in 1744, the auction house Sotheby’s will put up for auction a work by Banksy entitled “Love Is in the Air” [Love is in the Air]… They plan to accept bets in US dollars, bitcoin and Ethereum.

The work was tentatively estimated at $ 3- $ 5 million. The auction will take place on May 12 and will be the first experience for Sotheby’s in the sale of a physical work of art for cryptocurrency.

Data: Sotheby’s auction house.

The partner of the house is the Bitcoin exchange Coinbase.

“We are seeing a growing appetite among collectors for smoother payment options when collaborating with Sotheby’s,” CoinDesk quotes the house’s technical director, Stefan Pepe.

Previously, a copy of Banksy’s painting “Morons” in the form of NFT was sold for 228.69 ETH. Before the auction, unknown persons burned the original live.

Recall that in April 2021, the work “The Pixel” by artist Murat Pak, which is part of the collection “The Fungible”, jointly with Sotheby’s, went under the hammer for $ 1.36 million.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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