Cryptocurrency per carat: A pear-shaped diamond will be yours for $ 15 million worth of Bitcoin

The rare pear-shaped diamond, which is expected to win up to $ 15 million, will be available for purchase at next month’s auction using cryptocurrencies, Sotheby’s announced on Monday.

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.

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.

From “pink” diamonds to the world’s first microchip: items that didn’t sell at auction

Beethoven Manuscript

In 2016, Sotheby’s auctioned Ludwig van Beethoven’s manuscript. The single-page manuscript was described as “a handwritten manuscript of B-minor’Alegret’for a string quartet composed for an Englishman who visited Vienna in 1817 (WoO210)”. The words “Beethoven himself composed and composed in Vienna on November 29, 1817” are engraved. The manuscript was expected to get around £ 200,000. The auction house said there was no taker because Beethoven scholars claimed the manuscript was not genuine.

Image: Sotheby’s

Albert Einstein’s Theory of Relativity Document

In 1996, Albert Einstein’s earliest available manuscript, in which he elaborated on the theory of relativity, was auctioned by Sotheby’s in Manhattan. This item, which was expected to sell for $ 4 to $ 6 million, did not meet the minimum bid. The 72-page untitled manuscript was written in 1912, seven years after Einstein’s special theory was first published.

Cryptocurrency per carat: A pear-shaped diamond will be yours for $ 15 million worth of Bitcoin

Source link Cryptocurrency per carat: A pear-shaped diamond will be yours for $ 15 million worth of Bitcoin

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