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

Published 03/07/2022, 03:15 AM
Updated 03/08/2022, 05:00 AM
© Reuters
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In further signs of crypto adoption among the art world, Phillips — a leading United States auction house — will accept crypto as payment for a Jean-Michel Basquiat painting, with Bitcoin (BTC) and Ether (ETH), specifically, listed as payment options.

The showstopper 16-foot painting, “Untitled, 1982,” is “estimated in the region of $70 million” (roughly 1,650 BTC or 25,513 ETH) and will go under the hammer in New York City on May 18.

“Untitled, 1982” by Basquiat. Source: Phillips

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