Breaking: World’s Leading Auction and Real Estate Firm Sotheby to Start Accepting BTC & ETH via Coinbase
Sotheby, one of the oldest and leading auction houses has announced that they would be accepting Bitcoin and Ether in partnership with cryptocurrency exchange Coinbase. Established in 1744, the firm first confirmed that the first piece of art sold against Bitcoin would be Banksy’s “Love is in the Air” at its coming auction. Sotheby’s CEO Charles Stewart in an interview with CNBC said that the decision was made based on the growing demand for digital assets.
"We are definitely seeing an interest on the part of cryptocurrency owners wanting to participate," says @sothebys CEO Charles Stewart on its partnership with $COIN. #btc #bitcoin #crypto pic.twitter.com/Y2ihPeVUuI — Squawk Box (@SquawkCNBC) May 4, 2021
Talking about the first art to be sold against cryptocurrencies, Stewart said,
“It’s something we have been thinking about for quite some time, What better combination to introduce crypto than an iconic Banksy painting.”