Sotheby’s links up with Coinbase to accept crypto for Banksy

Auction house Sotheby’s has linked up with crypto exchange Coinbase to allow the winning bidder for the upcoming sale of Banksy’s iconic work ‘Love is in the Air’ to pay for the work in Bitcoin and/or Ether.

Fine art auction house Sotheby’s says it will accept the cryptocurrencies Bitcoin and Ether as payment for its upcoming sale of “Love is in the Air” an iconic work by the artist Banksy. Bidding on the Banksy work, which goes up for auction on May 12, is estimated by Sotheby’s at between $3m and $5m, with the buyer for the first time having the “option to pay the hammer price with cryptocurrency”, the auction house wrote in a blog post on Tuesday. “Fittingly, the pairing brings together the biggest disruptor in finance with one of the most notable disruptors in the art world,” Sotheby’s wrote.