Sotheby's will accept bitcoin for Banksy painting auction [FOX Business Network]
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Source: FOX Business Network
Art lovers will soon be able to pay for Banksy in bitcoin and ether. Sotheby's auction house announced Tuesday it will start accepting both cryptocurrencies as payment in its forthcoming auction of street artist Banksy's painting "Love is in the Air." The move is a first for a live art auction, signaling that the type of payment is becoming more widely accepted. The bidding is estimated between $3 million and $5 million and buyers will be able to pay with cryptocurrency via Coinbase Commerce or in USD. (Sotheby's) Sotheby's will auction off the England-based artist's iconic image "Love is in the Air," a symbol of peaceful protest featuring an illustration of a man throwing a bouquet of flowers into the air, on May 12 in New York. The bidding is estimated between $3 million and $5 million and buyers will be able to pay with cryptocurrency via Coinbase Commerce or in U.S. dollars. "With the growing adoption of digital art and NFTs, along with our increased focus on digital inno
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