The auction of Sotheby has seen something strange this time. A 101.38-carat diamond known as the key 10138 has been sold for HK$95.1 million using the traditional currency.
It has been dubbed the first-ever important diamond in the world. It had been auctioned with cryptocurrency as a visible method of payment by the exchange, Sotheby. This auction was arranged as a letdown for the enthusiasts of cryptocurrency.
This New York-based auction earlier had made an announcement that it will accept the payment in Bitcoin or Ether for the upcoming sale of this rare diamond. It is a flawless pear-shaped diamond.
There is only a very small number of faceted diamonds that have weighed over 100 carats throughout history. It is quite rare to find such diamonds with perfect color and better clarity. This is one of the ten diamonds having more than 100 carats that came to the auction. Only two of them are pear-shaped.
The name of the colorless diamond tends to reflect a very important role. It is about to occupy the world of the cryptos.
Sotheby’s in May sold Banksy for $12.9 million. It was the first instance of a work of physical art, which has been sold by a major auction house. It was bought along with a cryptocurrency.
In March 2021, Christie’s sold work by the digital artist, Beeple, which is called “Everydays: The First 5000 Days,” for the record of $69 million. It is also marking the first time of a major auction house that has offered a digital-only artwork with a more non-fungible token, along with its guarantee of authenticity. Also, it is the first time a payment took place with cryptocurrency for an artwork at the auction.