Sotheby's continuing to break records with crypto assets
Updated: Oct 4, 2021
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.
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.