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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.
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.
STORY CONTINUES BELOW
- 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.
See also: Banksy Burners Raise $3M to Build NFT Platform on Solana
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
