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Auctioneer willing to sell $70M artwork for BTC or ETH

Published 03/07/2022, 03:15 AM
Updated 03/07/2022, 05:00 AM
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In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options.

The showstopper 16-foot painting, Untitled, 1982, is “estimated in the region of $70 million” (roughly 1650 BTC or 25,513 ETH). It will go under the hammer in New York on May 18th.

The Baqueirat painting. Source: Phillips

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