Bitcoin News and Finance Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings Skip to main content

Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings

Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings

Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” will be sold for ether “for the first time at auction.”

2 Banksy Paintings to be Sold at Auction in Ethereum via Sotheby’s Fine Auction House

In 2021, the fine auction house Sotheby’s has been in the thick of cryptocurrency payments and non-fungible token (NFT) collectibles. While at first getting into NFTs, the leading auction house decided to accept digital currency payments via Coinbase this past May. In October, Sotheby’s launched the firm’s Metaverse Marketplace and Paris Hilton listed a few NFTs on the newly launched market.

On November 11, Sotheby’s announced the “The Now Evening Auction” will feature real-time auction bids in ethereum (ETH). The auction will take place on November 18 and will feature two Banksy artworks that will be sold for the crypto asset. “[Ether] Banksy Bid,” Sotheby’s wrote. “For the first time at auction, Sotheby’s will be bringing down the hammer in ETH on two iconic Banksy paintings in The Now sale.”

Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings

The two Banksy paintings will be the infamous “Love in the Air” piece and the artist’s “Trolley Hunters” painting as well. “Love in the Air” is estimated to be worth around $4 to $6 million and “Trolley Hunters” could fetch anywhere between $5 to $7 million at auction. “You can’t miss Auctioneer Oliver Barker fielding bids in ETH for Banksy’s iconic paintings ‘Trolley Hunters’ and ‘Love is in the Air,’” Sotheby’s added.

Sotheby’s is not the only fine auction house in the world that has entered the galaxy of blockchain technology and cryptocurrency solutions. The luxury auction house Christie’s has been into blockchain, NFTs, and cryptos this year as well. Moreover, Sotheby’s is not the first luxury auction house to sell Banksy artwork for digital currencies. The well-known Phillips Auction House held an auction for Banksy’s “Laugh Now Panel” (worth $2.8 to $4.1 million) in May and would settle in cryptocurrency payments.

What do you think about Sotheby’s taking real-time ethereum bids for two Banksy artworks? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory