Iconic auction house Sotheby’s has decided to allow bids in cryptocurrency for its sale of the remarkable 555.55ct black diamond known as ‘The Enigma’.
'The Enigma' – a treasure from interstellar space and the largest faceted diamond to ever come to auction is unveiled today in Sotheby's Dubai https://t.co/1nyUAsTe8j #SothebysDiamonds #blackdiamond #SothebysJewels pic.twitter.com/s713AVo14c
— Sotheby's (@Sothebys) January 17, 2022
It comes fewer than three months after the success of ‘The Key 10138’ diamond auction back in July, which saw Sotheby’s match the diamond with a buyer in Hong Kong that paid $12.3m in cryptocurrency.
Sotheby’s and Christie’s targeting a new market?
Christie’s set the tone for crypto auctions with the now-famous sale of Mike Winkelmann’s ‘opus’ – a monolith-scale collage – drawing together 5,000 vibrant NFT pieces collated by the artist over the course of 5,000 days.
Offered as a single-lot, Winklemann’s piece sold for an eye-watering $69m, and put crypto firmly on the radar of auctioneers.
Curiously, unlike the diamond auction last summer, Sotheby’s has made the choice to extend its accepted cryptocurrencies to USDC in a move likely taking aim at the profits of 2021.
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