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Top Auction House Christie's to Accept Ether Cryptocurrency for Digital Art Sale
The sale gives Christie's a chance to "dip its toes" in crypto, said a New York representative.
Updated May 9, 2023, 3:16 a.m. Published Feb 18, 2021, 10:16 a.m.
British auction house Christie's has confirmed it is accepting ether , the native cryptocurrency of the Ethereum network, as a form of payment for a coming digital art auction.
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- Christie's told Bloomberg it will accept ether as a form of payment for a work by digital artist Mike "Beeple" Winkelmann, according to a Thursday report.
- However, the premium – the fee an auction house charges on an artwork's sale price – must be paid in U.S. dollars.
- The artwork being sold is a collage of thousands of pieces of art Beeple has posted online since 2007, as CoinDesk reported.
- Called "EVERYDAYS: THE FIRST 5000 DAYS," the piece will be delivered to the buyer along with a unique nonfungible token encrypted with Beeple's signature.
- “We’re at this precipice where crypto is going to be such a more established and mainstream mode of conducting business,” Noah Davis, a Christie’s art specialist in New York, told Bloomberg.
- “With this [sale], I think it’s the perfect way to dip our toes in and give this a shot,” said Davis.
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