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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, 3:19 a.m. Published May 7, 2021, 3:18 p.m.
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.
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- 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.
- This is the first time an auction house in Asia will accept either bitcoin or ether as payment for a physical work of art, the company said.
- Sotheby’s plans to accept crypto for its May 12 auction of Banksy’s “Love is in the Air,” also in partnership with Coinbase.
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