New Money: Sotheby’s Welcomes Crypto at Hong Kong Auction

<!–div class='article-options'> Email Print </div–> September 14, 21 by John Jeffay <!–div class='social'></div–>

(IDEX Online) – Sotheby’s is rolling out its cryptocurrency program by accepting Bitcoin, Ether or USD Coin payments for all lots at a forthcoming diamond auction in Hong Kong.

It follows its sale in July of a 101.38-carat pear-shaped D-color flawless diamond  to an anonymous crypto buyer for $16.4m (pre-sale estimate $10m to $15m).

All eight lots at Sotheby’s forthcoming auction – Diamonds: The Dazzling Infinity – are marked as payable by crypto. Traditional payment options will also be available.

 

The sale will be led by a 177.51-carat Harry Winston diamond necklace (pictured) with nine D-color IF pear-shaped stones weighing from 14.93 to 2.04 carats, seven of which are Type IIa.

Also in the sale is a 50.05-carat D-color IF Type IIa heart-shaped diamond with an estimate of $3.6m to $4.6m.

The live sale is scheduled for 24 September. Online bidding has already opened.

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