The auction will take place on June 8 in Hong Kong. You can pay for the lot with Bitcoin or Ethereum
Banksy’s painting “Laugh Now Panel A” will sold out British auction house Phillips for cryptocurrency. You can pay for the lot with Bitcoin or Ethereum. Trading will begin on June 8 in Hong Kong. According to the publication South China Morning PostThe picture is estimated at between $ 2.8 million and $ 4.1 million. Phillips notes that this is the first lot in Asia to be sold for cryptocurrency.
Laugh Now Panel A is Banksy’s second painting to be auctioned for digital coins. First time work by this artist went under the hammer for digital currency in May this year at the auction of the auction house Sotheby’s. To accept cryptocurrency payments, Sotheby’s has entered into a partnership agreement with the largest US cryptocurrency exchange Coinbase.
In March Banksy’s painting “Morons (White)” burned and converted into a non-fungible token. The destruction of the work took place at an unknown location in Brooklyn and was broadcast on YouTube and Twitter. This is the first known case of the transformation of a physically existing work of art into a virtual asset.
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