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.