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  • Writer's pictureMichael Bacina

Sotheby's continuing to break records with crypto assets

Updated: May 3

Sotheby's has set another digital asset record in its sale of a pear-shaped D Flawless Diamond, "The Key 10138".

This comes mere months after Sotheby's first accepted digital currency as a form of payment in its first NFT Auction in April.

Subsequently, Sotheby's also hit the headlines selling Banksy artwork for USD$9.8 million and for auctioning the first NFT that was created.

Sotheby's new record is for the most expensive piece of jewellery ever sold in cryptocurrency in its sale of a 101.38-carat diamond for USD$12.3 million in Bitcoin or Ether.

With El Salvador recently passing legislation to make Bitcoin legal tender and Visa reporting that more than $1 billion was spent on crypto-linked Visa cards in the first half of 2021, payments large and small in cryptocurrencies such as Bitcoin and Ether will continue to become more mainstream.


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