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

Alex Dovbnya

Sotheby's will be selling Harry Winston’s diamond necklace for Bitcoin and Ether

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Wed, 09/15/2021 - 16:36

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.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.