Major auction house Christie’s accepts bitcoin for paintings valued at an estimated $ 6 million – Bitcoin News

British auction house Christie’s will accept bitcoin and ether for a painting valued at an estimated $ 6 million. The digital wallet with which the painting is paid for must be kept with one of the approved custodian banks such as Coinbase, Fidelity, Gemini or Paxos.

Pay for paintings with Bitcoin at Christie’s

Christie’s, one of the largest auction houses in the world, will be auctioning “20./21. Century “accept cryptocurrency in London for a painting by Keith Haring.

Katharine Arnold, co-director of post-war and contemporary art at Christie’s in Europe, told Reuters that the painting “is probably the very first example we see of an artist celebrating the computer”. She stated, “It was 1984 when the Apple Macintosh first came out. So it’s really a piece of history. “Arnold added:

So the potential to pay the full hammer price and buyer’s premium in cryptocurrency was something that felt like a perfect marriage.

The painting is estimated to be worth £ 3.9 million – £ 4.5 million ($ 5.42 million – $ 6.25 million).

Two cryptocurrencies are accepted. “Payment in Ether or Bitcoin must be made via a digital wallet transfer of this currency to Christie’s,” describes the auction house’s website and points out that partial payments from multiple digital wallets are not permitted.

However, the digital wallet used must be kept with one of the following custodian banks: Coinbase Custody Trust, Coinbase, Fidelity Digital Assets Services, Gemini Trust Company, Gemini Europe Ltd., Gemini Europe Services Ltd., Paxos Trust Company, Digivault Ltd., Ziglu Ltd . or Archax Ltd.

Christie emphasizes:

Only payments from digital wallets maintained on these platforms count towards this ticket purchase, and we do not recognize payments from digital wallets hosted on other exchanges or self-hosted wallets.

What do you think of Christie accepting Bitcoin? Let us know in the comment section below.

Photo credits: Shutterstock, Pixabay, Wiki Commons

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source https://bidsfor.me/major-auction-house-christies-accepts-bitcoin-for-paintings-valued-at-an-estimated-6-million-bitcoin-news/

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