Top Auction House Christie's to Accept Ether Cryptocurrency for Digital Art Sale

The sale gives Christie's a chance to "dip its toes" in crypto, said a New York representative.

AccessTimeIconFeb 18, 2021 at 10:16 a.m. UTC
Updated Sep 14, 2021 at 12:13 p.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

British auction house Christie's has confirmed it is accepting ether (ETH), the native cryptocurrency of the Ethereum network, as a form of payment for a coming digital art auction.

  • Christie's told Bloomberg it will accept ether as a form of payment for a work by digital artist Mike "Beeple" Winkelmann, according to a Thursday report.
  • However, the premium – the fee an auction house charges on an artwork's sale price – must be paid in U.S. dollars.
  • The artwork being sold is a collage of thousands of pieces of art Beeple has posted online since 2007, as CoinDesk reported.
  • Called "EVERYDAYS: THE FIRST 5000 DAYS," the piece will be delivered to the buyer along with a unique nonfungible token encrypted with Beeple's signature.
  • “We’re at this precipice where crypto is going to be such a more established and mainstream mode of conducting business,” Noah Davis, a Christie’s art specialist in New York, told Bloomberg.
  • “With this [sale], I think it’s the perfect way to dip our toes in and give this a shot,” said Davis.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.