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Ether will be accepted at a forthcoming Christie s auction
Christie’s is making its “first foray” into cryptocurrency by accepting Ether (ETH), the currency of the Ethereum network, as a payment option in an auction later this month.
The auction house will allow the digital currency to be used to buy Beeple s
Everydays: The First 5000 Days (2021), which will be on offer in a single-lot sale running from 25 February to 11 March. The work is a pixellated, purely digital work, comprising 5,000 images created daily since 1 May 2007.
“To our understanding, ETH is the favourite currency of NFT collectors and we want to make this transaction as simple and as attractive as possible for that established audience,” says Noah Davis, a specialist in post-war and contemporary art at Christie’s New York. “It’s the perfect opportunity to explore cryptocurrency because we have the perfect seller who is happy to receive payment in ETH.”