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Buyers can now use cryptocurrency to purchase diamonds at Sotheby’s Diamonds: The Dazzle sale in September

Felicia Tan
Felicia Tan • 1 min read
Buyers can now use cryptocurrency to purchase diamonds at Sotheby’s Diamonds: The Dazzle sale in September
The auction house is now accepting payment in Ether, Bitcoin or USD Coin.
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Sotheby’s Hong Kong announced, on Sept 7, that it will extend the cryptocurrency option to buyers at the Diamonds: The Dazzle sale in September.

The move by Sotheby’s comes after an anonymous crypto buyer successfully purchased a 101.38-carat diamond for HK$95.1 million ($16.4 million) in July.

The sale took place at the auction house’s inaugural Luxury Edit sale series in Asia in July.

While fiat currency will still be accepted, the auction house is now accepting payment in Ether, Bitcoin or USD Coin. The cryptocurrencies will be facilitated through Coinbase Commerce, one of the world’s largest cryptocurrency exchanges.

The September sale will be led by a 177.51-carat Harry Winston diamond necklace.

The live sale is scheduled for Sept 24, while bidding is open from Sept 7.

Photo: Sotheby's Hong Kong

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