19 November 2021 10:18, UTC
Reading time: ~ 2 m
Two paintings, “Love in the Air” and “Trolleybusters” by artist Banksy, were sold for 1696 and 1397 ETH, respectively. Sotheby’s has been accepting cryptocurrency payments since May 2021, but this is the first time that cryptocurrency has been at the center of a trading process.
Several more auctions took place, followed closely by the crypto community. One of the remaining 13 copies of the US Constitution was recently put up for sale, which has garnered attention thanks to the DAO created to bid. More than 17,000 people have come together to raise 11,600 in ETH.
A copy of the Constitution was sold for a record $ 43.2 million in print, but unfortunately for crypto enthusiasts, the DAO did not win the bid.
Other auction houses are also switching to cryptocurrencies. Christie’s has embraced cryptocurrencies and, in particular, non-fungible tokens (NFTs) with enthusiasm.
Among the sales of NFT Sotheby’s is the source code of the World Wide Web, which was sold for $ 5.43 million. CryptoPunks and BoredApes were also featured on the platform and generated millions in sales.
Sotheby’s isn’t the only auction house to bid live on ETH. Christie’s did the same in September 2021, selling rare NFTs for ETH.
Sotheby’s will host an auction in the Decentraland virtual space and launch its own NFT marketplace called “Sotheby’s Metaverse”.
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