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 May 9, 2023 at 3:16 a.m. UTC

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.
  • Former SEC Senior Trial Counsel on Spot Ether ETF Approval Outlook
    12:10
    Former SEC Senior Trial Counsel on Spot Ether ETF Approval Outlook
  • Former SEC Senior Trial Counsel on Spot Ether ETF Approval Outlook
    12:10
    Former SEC Senior Trial Counsel on Spot Ether ETF Approval Outlook
  • Staking Has Been a Major Liquidity Sink for ETH: Coinbase Institutional
    00:53
    Staking Has Been a Major Liquidity Sink for ETH: Coinbase Institutional
  • Crypto Update | Is Coinbase's Influence in the Bitcoin ETF Market Cause for Concern?
    12:23
    Crypto Update | Is Coinbase's Influence in the Bitcoin ETF Market Cause for Concern?
  • Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.