Sotheby’s said diamonds of that size were the first to be publicly purchased in cryptocurrencies. The auction house added that other physical objects of this value had never been sold in cryptocurrencies.
The perfect 101.38 carat pear-shaped diamond, called The Key 10138, was one of only 10 diamonds over 100 carats auctioned so far, only two of which were pear-shaped.
Pre-sale quotes range from $ 10 million to $ 15 million and will be available in Hong Kong on July 9th. Bitcoin or Ethereum is accepted as a payment, along with traditional money.
Cryptography per carat! Announced that cryptocurrencies will be accepted as an exceptional 101.38-ca payment … https: //t.co/Bo1bw4NlIe
— Sotheby’s (@Sothebys) 1624287743000
Sotheby’s Asia Chairman Patty Wong said in a statement, “This is a truly symbolic moment. The oldest and symbolic value denominator can only be purchased using humanity’s latest universal currency.” Said.
Cryptocurrencies have entered a volatile year with explosive growth and a major fall. In the United States, the National Republican Parliamentary Commission said last week that it would accept donations in cryptocurrencies. This month El Salvador became the first country to adopt Bitcoin as fiat currency.
Sotheby’s sold Banksy for $ 12.9 million in May, the first instance of a physical work of art sold by a major crypto-purchased auction house.
According to Sotheby’s, last year there was strong demand for white diamonds, jewelry and other luxury items, especially from young people, including Asia.
The colorless diamond name (key 10138) is intended to reflect the essential role that keys play in the crypto world.
Pear-shaped diamonds are one of the most popular diamonds. The 530-carat Cullinan 1 diamond, which forms part of the British Crown Jewels, is the most famous example.
The highest price paid for colorless diamonds at auction was a 118.28 carat oval, $ 30.8 million at Sotheby’s in Hong Kong in 2013, with a record price of $ 260,252 per carat.
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Cryptocurrency per carat: A pear-shaped diamond will be yours for $ 15 million worth of Bitcoin
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