{"id":8583,"date":"2021-06-22T09:54:14","date_gmt":"2021-06-22T09:54:14","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/sothebys-auctioning-rare-diamond-worth-15-million-cryptocurrencies-accepted\/"},"modified":"2021-06-22T09:54:14","modified_gmt":"2021-06-22T09:54:14","slug":"sothebys-auctioning-rare-diamond-worth-15-million-cryptocurrencies-accepted","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/sothebys-auctioning-rare-diamond-worth-15-million-cryptocurrencies-accepted\/","title":{"rendered":"Sotheby\u2019s Auctioning Rare Diamond Worth $15 Million, Cryptocurrencies Accepted"},"content":{"rendered":"<p><strong>Sotheby\u2019s, the world\u2019s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted.<\/strong><\/p>\n<h2>Biggest Auction House Accepts Cryptocurrencies<\/h2>\n<p>Sotheby\u2019s announced Monday that it is auctioning a rare, pear-shaped diamond on July 9 in Hong Kong that can be purchased with cryptocurrency.<\/p>\n<p>Established in 1744, Sotheby\u2019s described itself as the world\u2019s largest marketplace for art and luxury. With a network of specialists spanning 40 countries and 44 departments, \u201cwe host over 600 auctions annually and offer a cross-category selection of items available for immediate purchase via both digital and physical shopping experiences as well as private sales,\u201d its website details. Artprice.com ranks Sotheby\u2019s as the number one auction house by turnover, followed by Christie\u2019s.<\/p>\n<p>The auction house explained that this is the first time a diamond of such size, or any physical object of such high value, is offered for public purchase with cryptocurrency. Bitcoin, ether, and traditional money will be accepted as payment.<\/p>\n<p>Patti Wong, chairman of Sotheby\u2019s Asia, said in a statement:<\/p>\n<p>This is a truly symbolic moment. The most ancient and emblematic denominator of value can now, for the first time, be purchased using humanity\u2019s newest universal currency.<\/p>\n<p><!-- growjs zone placement 31 -->    <!-- end of growjs zone placement --> <\/p>\n<p>The name of the diamond is Key 10138. The auction house describes it as a 101.38-carat, pear-shaped, colorless, flawless diamond. It is one of just 10 diamonds of more than 100 carats ever to come to auction. It carries a pre-sale estimate of $10 million \u2013 $15 million.<\/p>\n<p>Sotheby\u2019s began <a href=\"https:\/\/news.bitcoin.com\/sothebys-accept-cryptocurrencies-coinbase-physical-art\/\">accepting<\/a> cryptocurrencies via Coinbase back in May with Banksy\u2019s \u201cLove is in the Air\u201d image at the Contemporary Art Evening Auction. The piece sold for $12.9 million.<\/p>\n<p><em><strong>What do you think about Sotheby\u2019s accepting cryptocurrencies? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nNews, Auction House, Sotheby&#8217;s bitcoin, Sotheby&#8217;s crypto, Sotheby&#8217;s ether, Sotheby\u2019s, Sotheby\u2019s Auctions, Sothebys cryptocurrency, Sothebys rare diamond<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sotheby\u2019s, the world\u2019s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted. Biggest Auction House Accepts Cryptocurrencies Sotheby\u2019s announced Monday that it is auctioning a rare, pear-shaped diamond on July 9 in Hong Kong that can be purchased with cryptocurrency. Established in 1744, Sotheby\u2019s&hellip;<\/p>\n","protected":false},"author":0,"featured_media":8584,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8583","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\/8583"}],"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=8583"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8584"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}