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The auction house Sotheby’s accepted cryptocurrency as payment for a physical artwork for the first time, selling Banksy’s iconic protest painting,
Love is in the Air, for $12.9 million at its contemporary art evening auction in New York on Wednesday.
“Following a 14-minute bidding battle between 4 bidders, Banksy’s iconic protest image ‘
Love is in the Air’ achieves $12.9 million. The sale marks the first time cryptocurrency was accepted as a payment option for a physical artwork,” Sotheby’s said on Twitter.
#AuctionUpdate: Following a 14-minute bidding battle between 4 bidders, Banksy’s iconic protest image ‘Love is in the Air’ achieves $12.9 million. The sale marks the first time #cryptocurrency was accepted as a payment option for a physical artwork. #Banksypic.twitter.com/uKIYeUu3IU Sotheby s (@Sothebys)
סותבי ס מכרה את האהבה באוויר של בנקסי - בקריפטו
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Marché de l art : Sotheby s s ouvre aux cryptomonnaies
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mediacongo net - Actualités - Marché de l art : Sotheby s s ouvre aux cryptomonnaies
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More companies, including PayPal and Xbox, are accepting bitcoin and other cryptocurrencies as payment. Others are weighing up their options. ztayeb@businessinsider.com (Zahra Tayeb)
Bitcoin is becoming an increasingly popular payment option among many companies.
Fast-food chains, big tech firms, and even auction houses are embracing cryptocurrencies.
Other companies are still considering their potential.
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