Sotheby’s is accepting crypto payments for its rare diamond auction

Luxury auction house Sotheby’s will start accepting crypto payments for its rare, 101-carat diamond auction sale. It’s going to auction a 101 carat diamond to just about anyone, as long as they have $15 million to spare – be it ETH, BTC, or traditional currency.

That is the price the auction house is evaluating for a “flawless 101.38-carat pear-shaped diamond,” which will go up for auction early next month.

According to Sotheby’s, this is the first time a physical object of such value will be publicly offered for purchase with cryptocurrency.

100-carat diamonds are considered extremely rare, especially pear-shaped ones. This diamond, which Sotheby’s calls “Key 10138”, is the second-largest pear-shaped diamond to hit the public market.

The diamond will be auctioned off in a single-lot live sale at Sotheby’s Hong Kong on July 9. The gem will be on public display at Sotheby’s Hong Kong gallery for one week leading up to the auction.

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