Sotheby s Will Accept Crypto for Banksy s Love is in the Air ocula.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ocula.com Daily Mail and Mail on Sunday newspapers.
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BILOXI, MS
.-The Ohr-OKeefe Museum of Art in Biloxi, Mississippi announced a major donation of 50 artworks by Los Angeles-based, advocate and collector Gordon W. Bailey. The transformative gift features African American artists Leroy Almon, David Butler, Richard Dial, Thornton Dial, Minnie Evans, Roy Ferdinand, Sandy Hall, Clementine Hunter, Charlie Lucas, Juanita Rogers, Sulton Rogers, Welmon Sharlhorne, Herbert Singleton, Willie White, and Purvis Young; Native Americans, Silas and Bertha Claw, Betty Manygoats, Elizabeth Manygoats, Wallace Nez, and Lorraine Williams; and Southern potters, Burlon Craig, Cheever Meaders, and Lanier Meaders. On behalf of the board and the OKeefe family, I would like to express my deepest appreciation to Mr. Bailey for making this generous donation of important artworks, said Jeffrey H. OKeefe, In addition to enriching the museums permanent collection by adding Native American an . More
Sotheby s collaborates with Coinbase to accept cryptocurrency for Banksy painting in contemporary art auction
Banksy, Love is in the Air. Estimate $3/5 Million.
NEW YORK, NY
.- In a world first for a fine art auction house, Sothebys announces an innovative new payment option in which, for the first time at a major auction house, Bitcoin (BTC) and Ether (ETH) will be accepted as payment for a physical artwork. This groundbreaking development will be made possible thanks to a collaboration with Coinbase, one of the worlds largest cryptocurrency exchanges.
Fittingly, the pairing brings together the biggest disruptor in finance with one of the most notable disruptors in the art world Banksy, whose iconic protest image, Love is in the Air, will be offered in Sothebys Contemporary Art Evening Auction on 12 May in New York. Bidding for the work, estimated at $3/5 million, will be conducted in USD, as is customary at Sothebys New York, but now the buyer will, for the first
Banksy s Love is in the Air Courtesy of Sotheby s
In the latest example of crypto-creep in the mainstream art market, Sotheby s will accept cryptocurrency as payment for a physical work of art for the first time this month for Banksy s protest image
Love is in the Air (2005)
in its Contemporary Art Evening Auction on 12 May in New York.
The work is estimated at $3m to $5m and the buyer will be able to pay the hammer price in either Bitcoin (BTC) or Ether (ETH) via the cryptocurrency exchange Coinbase but all fees will have to be paid in fiat.
Love is in the Air, an oil on canvas depicting a protestor throwing a bouquet of flowers, is illustrated in Banksy s 2005 monograph,
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