Sotheby’s, the 277-year-old British auction house, sold a rare 101.38-carat diamond for HK$95.1 million (US$12.3 million) in cryptocurrency on Friday in a Hong Kong auction to an anonymous buyer.
- The auction house said the sale of the gemstone shows that a “milestone was reached in the adoption of cryptocurrencies.”
- The diamond, dubbed “The Key 10138,” is the second-largest pear-shaped diamond ever to appear on the public market and came from the world-leading diamond company Diacore, said Sotheby's.
- “By introducing this innovative payment option to our luxury sale, we open up new possibilities and expand our reach into a whole new clientele, many of whom are from the digitally savvy generation,” said Wenhao Yu, deputy chairman of Sotheby’s Jewellery in Asia.
- The acceptance of cryptocurrency as a supported payment option is a first for the auction house and the transaction will be processed by Coinbase Commerce.
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