Sotheby's to accept bitcoin, ethereum for Banksy auction


FILE PHOTO A logo is pictured on Sothebys in Geneva Switzerland June 21 2020. Picture taken June 21 2020. REUTERSDenis BalibouseFile Photo

FILE PHOTO: A logo is pictured on Sotheby's in Geneva, Switzerland, June 21, 2020. Picture taken June 21, 2020. REUTERS/Denis Balibouse/File Photo

(Reuters) - Sotheby's said on Tuesday it would accept bitcoin and ethereum as payment for Banksy's iconic artwork "Love is in the Air", a first for a physical art auction and the latest sign of growing mainstream acceptance of cryptocurrencies.

Bidding for the work is estimated at $3 million to $5 million, Sotheby's said, with the buyer having the option to pay with cryptocurrency.

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In