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Sotheby's Will Accept Bitcoin or Ether for $6 Million Diamond Necklace

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Wed, 15/09/2021 - 16:36
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Sotheby's Will Accept Bitcoin or Ether for $6 Million Diamond Necklace
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Sotheby's is auctioning off a diamond necklace designed by iconic jeweler Harry Winston.

A prospective buyer will be able to pay for the masterpiece with crypto, choosing between Bitcoin, Ether and USD Coin.

The purchase will be facilitated by Coinbase Commerce, the e-commerce arm of the largest U.S. exchange.    

The new Sotheby's auction will take place on Sept. 24 in Hong Kong.

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The neckless features nine pear-shaped diamonds that weigh up to 14.93 carats. Its maximum estimated price is 46 million HKD (roughly $6 million).
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As reported by U.Today, the high-class auction house made history by selling an extremely rare 101.38-carat diamond for $12 million worth of crypto in early July.

In June, one of the non-fungible tokens from the CryptoPunk collection went for a hammer price of 4,761 ETH.

Sotheby's initially announced that it would start accepting Bitcoin and Ethereum back in May.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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