Phillips Auction House to Accept Crypto for Banksy Artwork Sale
The auction house will accept bitcoin or ether for Banksy's “Laugh Now Panel A,” valued at between $2.82 million and $4.1 million.
Updated May 9, 2023 at 3:19 a.m. UTC
![Banksy's "Laugh Now Panel A," 2002](https://www.coindesk.com/resizer/ZSqNxf6C4emgVZsOcb6VvEDztHA=/567x361/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UQUKMC4UBVDAHD2337CUOWDKTI.jpg)
Street artist Banksy's iconic work is once again up for auction with payment accepted in cryptocurrency, this time at the Phillips auction house in Hong Kong.
- Phillips is selling “Laugh Now Panel A,” with an estimated value of between $2.82 million and $4.1 million, according to an announcementhttps://finance.yahoo.com/finance/news/phillips-accept-cryptocurrency-physical-artwork-104400272.html Friday.
- The artwork is being taken on tour to Shenzhen, Taipei, Taichung and Hong Kong ahead of the June 7-8 auction.
- The winning buyer will have the option of paying the hammer price in cryptocurrency into the 225-year-old auction house’s Coinbase wallet.
- Sotheby’s plans to accept crypto for its May 12 auction of Banksy’s “Love is in the Air,” also in partnership with Coinbase.
![Banksy's "Laugh Now Panel A, 2002" spray paint and emulsion on dry wall, 178.5 x 74 cm.](https://www.coindesk.com/resizer/eqZkkoWUcPf4Aci0w8OPdm4wvns=/560x1232/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZHWT4T3KTVBELJD76FLXJZ2R4U.jpg)