Prestigious auction house Sotheby’s reveals plans accept Ethereum (ETH) bids in real time for its Nov. 18 auction. Which of course, will includes works by popular street artist Banksy.
Furthermore, Sotheby’s affirms this will be the first time an auction house will accept crypto in real time. Of course, as a standard currency for payment in an auction on a physical work of art.
More so, The auction is titled ‘The Now Evening Auction’ which features Banksy’s Trolley Hunters and Love Is In The Air.
Also, while the bidding prices will be in ETH, winning bidders can pay pay for the works in either Ether, Bitcoin (BTC) or USD Coin (USDC).
Moreover, Sotheby’s first kicks off accepting BTC and ETH as payment back in May, that’s for a different Banksy auction.
Technically, It financially shows supports for NFT projects, including getting seed funding for NFT studio. Then, also for blockchain tech platform Mojito.
Thereby, It goes on to also launch a Metaverse NFT platform with Pranksy, PleasrDAO, Paris Hilton, and others as curators in October.
Additionally, Sotheby’s is not the only auction houses in crypto and blockchain.
Furthermore, a rival auction house Christie’s also is the first to accept ETH as payment in a CryptoPunks auction last May.
Notably, Christie’s is popular for auctioning off Beeple’s The First 5000 Days for over $69 million.
Lastly, The Phillips auction house also accepts ETH and BTC in its auction for Banksy’s Laugh Now Panel A, seeking for over $3 million last June.
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