Sotheby’s Will Accept Crypto For A Stunning 555-Carat Black Diamond

Sotheby’s will accept crypto for the sale of the stunning 555-carat Black diamond as it continues with a pro-crypto approach as we are reading more in today’s cryptocurrency news today.

Six months after a diamond was paid for with crypto, Sotheby’s will accept crypto again for a rare 555-carat diamond. According to a recent report, the diamond in question is set to be the largest ever to appear at an auction this February. The diamond is quite rare and has never been publicly displayed or sold and has been held In the same collection for more than 20 years.

It is called “The Enigma” and will be offered without reserve which means that it will go to the highest bidder without having to cap the maximum price. The auction house Sotheby’s estimated that it will go up for $7 million and the buyer can choose to pay with crypto during the auction. The coverage further informed what the Guinness Book of World Records dubbed “The Enigma” as the largest cut diamond in the world. The Gemological Institute of America and Gubelin said it’s the largest fancy black natural color diamond.

Before the auction, which starts on February 3^rd, the diamond will be shown for the first time in London, Dubai, and Los Angeles. It’s worth noting that Sotheby’s already sold a huge diamond for crypto as one buyer paid $12 million for one. The auction house invested $20 million in an NFT studio called Mojito.

As recently reported, World-renowned auction house Sotheby’s sold a diamond Type IIa worth $12 million in crypto. The announcement said that the second-biggest pear-shaped diamond ever to be sold publicly was actually sold and the buyer paid in crypto. The auction house didn’t disclose the buyer’s information but according to the updated information shared on the website, the bidder paid using crypto. Sotheby’s announced that it will accept BTC or ETh as a form of payment back in June. The “Key 101.38” sold for $12 million made it the most expensive physical object ever auctioned using crypto. Previously, the crypto space had another historical moment with a sale of an NFT created by Beeple and his “First 5000 days” that was sold for 69 million dollars and made it the most expensive digital artwork in history. This also turned Beeple into the most expensive living artist of today.

Source: https://www.dcforecasts.com/altcoin-news/sothebys-will-accept-crypto-for-a-stunning-555-carat-black-diamond/