It looks like crypto has put on a baret and feelin' artsy! American auction house Sotheby’s announced it will join forces with Coinbase (COIN) to accept bitcoin or Ethereum payments for an upcoming auction of none other than Banksy’s iconic “Love is in The Air” painting. The auction won’t be crypto-exclusive though; the winning bidder can also pay in US dollars (how old school, right?). The art piece’s estimated bidding will fall between $3-5m, so it’s a bit of a VIP situation and we're really wondering if Elon will turn up and place a bid.
This is not Sotheby’s first rodeo in the digital assets world – the fine art broker sold NFTs (nonfungible tokens, which are blockchain-based assets) by the digital artist Pak just last month. Another big auction house, Christie’s, became the first major one in the biz to sell an NFT back in March (the work by artist Beeple bagged nearly $70m, in case you’re wondering).