Sotheby's, a British-founded auction house, plans to auction a rare 101.38-carat pear shaped diamond for $15 million, which can be bought using cryptocurrencies, Reuters has learned, citing the auction house. Thus, Sotheby’s will reportedly be the first to sell a diamond of such size for cryptocurrency.
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Dubbed The Key 10138, the diamond is one of ten precious metals of more than 100 carats ever to come to auction. The diamond will be sold on July 9 in Hong Kong. Besides fiat money, the auction house will also accept bitcoin (EXANTE: Bitcoin) or ether (ETH).
"This is a truly symbolic moment. The most ancient and emblematic denominator of value can now, for the first time, be purchased using humanity’s newest universal currency," said Patti Wong, Chairman of Sotheby’s Asia.
Sotheby's big sale of a rare diamond comes after the auction house partnered with Coinbase Commerce. As Sanchan Saxena, Vice President, Ecosystem at Coinbase said, the trading platform will support payment estimated in the "eight-figure range."
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