Sotheby’s Sells Rare Diamond For $12.3 Million In Crypto, Sets World Record

Sotheby’s Sells Rare Diamond For $12.3 Million In Crypto, Sets World Record


Sotheby’s has now set the world record for the most expensive piece of jewelry sold for crypto last Friday. The global auction house had announced the intended sale earlier in the year of the 101.38-carat rare diamond. Sotheby’s had announced that the auction would be held with crypto as the buying currency. Stating that interested parties could place their bids in either Bitcoin or Ether.

The announcement garnered much coverage as the crypto world anticipated this unprecedented event in cryptocurrencies history. The event was held in Hong Kong on Friday and the auction was a single-lot sale. Before the auction, Sotheby’s had estimated that the diamond would sell for between $10 to $15 million and it seems they were right.

Related Reading | ‘Bitcoin King’ Arrested For Allegedly Embezzling $300 Million

The pear-shaped diamond, which is only the second to be allowed access to the public, ended up selling for $12.3 million. Right in the middle of the price estimates

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