Sotheby’s accepts $12.9m in cryptocurrency for Banksy’s Love is in the Air
- Date: 13-May-2021
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Sotheby’s accepts $12.9m in cryptocurrency for Banksy’s Love is in the Air
The auction house Sotheby’s accepted cryptocurrency as payment for a physical artwork for the first time, selling Banksy’s iconic protest painting, Love is in the Air, for $12.9 million at its contemporary art evening auction in New York on Wednesday.
“Following a 14-minute bidding battle between 4 bidders, Banksy’s iconic protest image ‘Love is in the Air’ achieves $12.9 million. The sale marks the first time cryptocurrency was accepted as a payment option for a physical artwork,” Sotheby’s said on Twitter.
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