Sotheby’s to accept Bitcoin and Ethereum in auction of rare black diamond

British auction house Sotheby’s will accept bitcoin (BTC), ethereum (ETH) and the stablecoin USDC for the sale of a rare 555.55-carat diamond dubbed “The Enigma.”

The 277-year-old said the decision to sell the black diamond with crypto as a payment option is due to the success of an earlier auction it held in July.

Sotheby’s had sold “The Key 10138”, a rare 101.38-carat diamond for $12.3 million in cryptocurrency during a single-lot sale in Hong Kong.

The Enigma is on tour and being displayed in Dubai, Los Angeles and London.

If the diamond is purchased with crypto, the transaction will be processed by Coinbase Commerce, Sotheby’s said.

Though BTC and ETH were supported for the previous diamond auction, USDC is a new addition.

The Enigma will be auctioned in a single-lot online sale from Feb. 3–9.

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