{"id":14472,"date":"2021-11-18T18:54:06","date_gmt":"2021-11-18T18:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/worlds-largest-collector-car-auction-house-rm-sothebys-to-accept-cryptocurrencies\/"},"modified":"2021-11-18T18:54:06","modified_gmt":"2021-11-18T18:54:06","slug":"worlds-largest-collector-car-auction-house-rm-sothebys-to-accept-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/worlds-largest-collector-car-auction-house-rm-sothebys-to-accept-cryptocurrencies\/","title":{"rendered":"World\u2019s Largest Collector Car Auction House RM Sotheby\u2019s to Accept Cryptocurrencies"},"content":{"rendered":"

On Wednesday, the world\u2019s largest collector car auction house by total sales, RM Sotheby\u2019s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm\u2019s upcoming Guikas Collection sale on November 19 will be RM Sotheby\u2019s first auction to accept digital currency payments for collectible automobiles.<\/strong><\/p>\n

RM Sotheby\u2019s Announces Crypto Payment Support via Bitpay<\/h2>\n

While cryptocurrencies have increased significantly<\/a> in value, a great number of businesses have turned toward accepting digital assets for goods and services payments. The company RM Sotheby\u2019s<\/a> is a classic car auction firm that\u2019s located in Blenheim, Ontario, Canada. Originally called RM Auctions, the company is now partly owned by the leading fine art and luxury goods auction house Sotheby\u2019s, since 2015. On November 17, the company announced its plans to accept digital currency payments at auctions via Bitpay<\/a>.<\/p>\n<\/p>\n

The company chose to accept crypto assets so it can attract a new customer base in order to expand \u201cthe market for collectible automobiles to a broader cross-section of enthusiasts and collectors.\u201d The company will begin to accept crypto for settlement on November 19, when the firm hosts the upcoming Guikas Collection auction<\/a>. The auction will feature 75 of the finest racing and road cars and the collection will be auctioned entirely without reserve.<\/p>\n

\u201cThe collection of race cars will provide modern racing enthusiasts an introduction into virtually all vintage racing series worldwide, including GT and road cars that are equally impressive which offer a wide selection of Pre- and Post War sports cars,\u201d the Guikas Collection auction description details.<\/p>\n

RM Sotheby\u2019s CSO: \u2018Cryptocurrency Has Become a Significant Part of the Financial Landscape\u2019<\/h2>\n

RM Sotheby\u2019s CSO Bryon Madsen explained in a statement sent to Bitcoin.com News that digital currency payments are a mainstay in today\u2019s financial landscape. \u201cCryptocurrency has become a significant part of the financial landscape and is now the way many people are choosing to conduct transactions on significant investments,\u201d Madsen said. The RM Sotheby\u2019s executive added:<\/p>\n

We want to maintain true to the needs of our clients as well as those who are just getting into the collector car market. The role that cryptocurrency will play within the collector car market will only expand in the future.<\/p>\n

The partnership between RM Sotheby\u2019s and Bitpay follows the collector car auction company Mecum Auctions accepting crypto payments six months prior. Mecum Auctions also leverages Bitpay as the crypto payments service provider and the company chose to accept digital currencies for the same reason. \u200b\u200bMecum Auctions said at the time the firm wanted to \u201cattract new customers and sales.\u201d<\/p>\n

Sotheby\u2019s, the leading luxury auction house that has partial ownership of the collector car auction house, also accepts cryptocurrencies, but through Coinbase. The world\u2019s largest auction house revealed its partnership with Coinbase during the first week of May. Bitpay allows businesses to accept crypto assets like BTC<\/a>, BCH<\/a>, DOGE, ETH<\/a>, LTC<\/a>, WBTC, alongside stablecoins such as BUSD, DAI, GUSD, USDP, and USDC.<\/p>\n

What do you think about RM Sotheby\u2019s accepting cryptocurrencies for payments? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, attract customers, Automobile Collectibles, BCH, BitPay, Bryon Madsen, BTC, Car Auctions, cars, Collector Cars, crypto auction, crypto payments, Cryptocurrency, Doge, ETH, Guikas Collection sale, LTC, Mecum Auctions, RM Sotheby\u2019s, RM Sotheby\u2019s CSO, WBTC<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, the world\u2019s largest collector car auction house by total sales, RM Sotheby\u2019s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm\u2019s upcoming Guikas Collection sale on November 19 will be RM Sotheby\u2019s first auction to accept digital currency payments for collectible automobiles. RM Sotheby\u2019s Announces Crypto Payment Support via Bitpay…<\/p>\n","protected":false},"author":0,"featured_media":14473,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14472"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14472"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14473"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}