Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. like Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” will be sold for ether “for the first time at auction”.
2 Banksy Paintings to be Sold at Auction in Ethereum via Sotheby’s Fine Auction House
In 2021, the fine auction house Sotheby’s has been in the thick of cryptocurrency payments and non-fungible token (NFT) collectibles. In its first steps in NFTs, the leading auction house decided to accept digital currency payments through Coinbase last May. In October, Sotheby’s launched the firm’s Metaverse Marketplace and Paris Hilton listed a few NFTs on the newly launched market.
November 11, Sotheby’s announcement The Now Evening Auction will feature real-time auction offers in ethereum (ETH). The auction will take place on November 18 and will feature two Banksy artworks that will be sold for the crypto asset. ““[Ether] Banksy Bid, ”Sotheby’s wrote. “For the first time at auction, Sotheby’s will drop the hammer in ETH on two iconic Banksy paintings in The Now sale.”
The two Banksy paintings will be the infamous “Love in the Air” piece and the artist’s “Trolley Hunters” painting as well. “Love in the Air” is estimated at around $ 4-6 million and “Trolley Hunters” could fetch between $ 5 and $ 7 million at auction. “You can’t miss Auctioneer Oliver Barker fielding bids in ETH for Banksy’s iconic paintings ‘Trolley Hunters’ and ‘Love is in the Air,’” Sotheby’s added.
Sotheby’s isn’t the only auction house in the world to have entered the galaxy of blockchain technology and cryptocurrency solutions. The luxury auction house Christie’s has been into blockchain, NFTs, and cryptos this year as well. Additionally, Sotheby’s is not the first luxury auction house to sell Banksy’s artwork for digital currencies. Famous auction house Phillips held an auction for Banksy’s ‘Laugh Now Panel’ (valued at $ 2.8-4.1 million) in May and reportedly settle payments in cryptocurrency.
