The Oct. 1 public sale additionally marks the primary time Christie’s reside bidding shall be denominated in cryptocurrency as an alternative of the same old native foreign money. The bids, which should be positioned in ETH, level to a brand new milestone as Christie’s descends down the crypto rabbit gap.
“I’ve been bidding in auctions on behalf of purchasers for nearly a decade,” stated Davis, the Christie’s digital artwork lead. “I’ve positioned bids in USD, GBP and EUR – all the time fiat. To assume I’m going to listen to the auctioneer calling out my bids in ETH, that’s simply unbelievable. It doesn’t occur.”