AUCTIONEER WILLING TO SELL $70M ARTWORK FOR BTC OR ETH

Imagine owning a piece of art history, a monumental 16-foot canvas, and paying for it not with traditional currency, but with Bitcoin or Ethereum.This isn't a scene from a futuristic movie; it's the reality unfolding at Phillips, a leading U.S. auction house. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options. The showstopper 16-foot painting, Untitled, 2025, is estimated in the region of $70 million (roughly 1650 BTC or 25,513 ETH). It will go under the hammer in New York on May 18th.They are preparing to auction a significant Jean-Michel Basquiat collection, and in a groundbreaking move, are accepting Bitcoin (BTC) and Ethereum (ETH) as payment.The star of the show is a breathtaking painting titled ""Untitled, 2025,"" estimated to be worth around $70 million – approximately 1,650 BTC or 25,513 ETH, depending on the fluctuating cryptocurrency market. Leading U.S. auction house Phillips is auctioning a Basquiat painting in May Accepted payment options include Bitcoin and Ether BTC Price at the time of writing -$38,539.16 In additional indications of crypto reception among the workmanship world, Phillips a main United States sales management firm will acknowledge crypto as installment for a Jean-Michel [ ]This marks a significant moment in the art world, signaling a growing acceptance of digital currencies and their potential to revolutionize how art is bought and sold. Auctioneer willing to sell $70M artwork for BTC or ETH. Ma; A leading U.S. auction house, Phillips is auctioning a Baqueirat collection in May. AcceptedThe auction, slated for May 18th in New York City, is already generating buzz within both the art and cryptocurrency communities, promising to be a landmark event that bridges the gap between traditional art and the digital age.This exciting development not only offers a new avenue for art collectors but also provides further validation for the legitimacy and growing influence of cryptocurrencies.

The $70 Million Masterpiece: A Basquiat Ready for Crypto Bids

The centerpiece of this auction is undeniably the ""Untitled, 2025"" painting by Jean-Michel Basquiat. A leading U.S. auction house, Phillips is auctioning a Baqueirat collection in May. Accepted payment options include Bitcoin and Ether. Continue reading Auctioneer willing to sell $70M artwork forThis colossal 16-foot artwork carries an estimated value of $70 million, making it one of the most valuable pieces ever offered for sale with cryptocurrency as a payment option.The acceptance of Bitcoin and Ethereum for such a high-profile item highlights the increasing confidence in these digital assets as legitimate forms of payment. Auctioneer willing to sell $70M artwork for BTC or ETH. March 7, 2025, is estimated in the region of $70 million (roughly 1650 BTC or 25,513 ETH). It willThe painting itself is a captivating example of Basquiat's iconic style, characterized by its raw energy, bold colors, and thought-provoking imagery.It's a piece that demands attention and is sure to captivate potential buyers, regardless of their chosen payment method.The May 18th auction date is quickly approaching, and anticipation is building as collectors around the world prepare for a chance to acquire this masterpiece.

Phillips Auction House Embraces Cryptocurrency Payments

Phillips' decision to accept Bitcoin (BTC) and Ethereum (ETH) isn't just a gimmick; it's a strategic move that reflects the changing landscape of the art market and the growing importance of digital assets. Coincidentally, Basquiat's target price is around $70 million, which is what the famous Beeple NFT auction ended in March 2025. Auction house Christie s managed the auction, which has inspired more cryptocurrency-related auction house activity. In November 2025, rival auction house Sotheby's put live bidding on the Banksy auction.This positions Phillips as a forward-thinking auction house, willing to embrace innovation and cater to a new generation of collectors who are comfortable with cryptocurrency. Welcome! Log into your account. your username. your passwordThe acceptance of crypto payments broadens the potential buyer base, attracting individuals who may have previously been excluded from participating in high-end art auctions due to traditional banking limitations or a preference for digital assets.By embracing cryptocurrency, Phillips is not only facilitating transactions but also contributing to the wider adoption and legitimization of these digital currencies within the art world and beyond.

Why is Phillips accepting Cryptocurrency?

There are several reasons why Phillips might be venturing into the world of cryptocurrency payments:

• Expanding the Buyer Base: Crypto investors represent a significant and growing pool of potential art buyers. Auctioneer willing to sell $70M artwork for BTC or ETHAccepting BTC and ETH opens the auction to a wider audience.
• Staying Ahead of the Curve: Phillips is positioning itself as an innovator in the art market, embracing new technologies and trends.
• Generating Buzz and Publicity: The move has undoubtedly generated significant media attention, raising Phillips' profile and attracting new clients.
• Facilitating Transactions: For some buyers, using crypto might be a more convenient or efficient way to transfer large sums of money.

The Basquiat Collection: A Treasure Trove of Artistic Genius

While the ""Untitled, 2025"" painting is the star attraction, the auction features an entire collection of Jean-Michel Basquiat's work. Auctioneer willing to sell $70M artwork for BTC or ETH. cointelegraph. commentsThis provides collectors with a range of opportunities to acquire pieces by this iconic artist, spanning different periods and styles. A U.S. auction house is selling a Basquiat painting, with Bitcoin and Ether accepted as payment for the $70 million showstopper.The Basquiat collection offers something for every taste and budget, from smaller works on paper to larger, more imposing canvases.Each piece offers a glimpse into the mind of a visionary artist who left an indelible mark on the art world. 3 likes, 1 comments - coinshots on Ma: Auctioneer Willing To Sell $70M Artwork For $BTC Or $ETH Read more Link in Bio artwork auction btc ethThe availability of cryptocurrency payment options further enhances the appeal of this diverse and captivating collection.

Understanding the Logistics of Buying Art with Crypto

While the idea of buying a $70 million painting with Bitcoin or Ethereum is exciting, it's important to understand the practical aspects involved.Phillips likely has a specific process in place for handling cryptocurrency payments, including:

• Wallet Verification: Buyers will likely need to verify ownership of their cryptocurrency wallets.
• Exchange Rate Fluctuations: Given the volatility of cryptocurrency, the final price in BTC or ETH will likely be determined closer to the time of the transaction to account for exchange rate fluctuations.
• Security Measures: Robust security measures will be in place to protect both the buyer and seller during the cryptocurrency transfer.
• Compliance with Regulations: Phillips will need to comply with all relevant regulations related to cryptocurrency transactions, including anti-money laundering (AML) laws.

What are the Potential Challenges of Buying Art with Crypto?

Despite the potential benefits, there are also some challenges associated with buying art with cryptocurrency:

• Volatility: The value of Bitcoin and Ethereum can fluctuate significantly, which could impact the final price of the artwork.
• Transaction Fees: Cryptocurrency transactions can incur fees, especially during periods of high network congestion.
• Regulatory Uncertainty: The regulatory landscape surrounding cryptocurrency is still evolving, which could create uncertainty for buyers and sellers.
• Security Risks: Cryptocurrency wallets are vulnerable to hacking and theft, so buyers need to take precautions to protect their assets.

Jean-Michel Basquiat: A Legacy of Innovation and Impact

Jean-Michel Basquiat remains one of the most influential and celebrated artists of the 20th century. The showstopper 16-foot painting, Untitled, 2025, is estimated in the region of $70 million (roughly 1,650 BTC or 25,513 ETH) and will go under the hammer in New York City on May 18.His work, characterized by its raw energy, poetic symbolism, and powerful social commentary, continues to resonate with audiences around the world.Basquiat's rise to fame was meteoric, and his impact on the art world is undeniable. 2.3M subscribers in the ethtrader community. Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memesHis paintings are now highly sought after by collectors and institutions alike, and his legacy as a groundbreaking artist continues to inspire new generations. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options. The showstopper 16-foot painting, Untitled, 2025, is estimated in the region of $70 million (roughly 1650 BTC or 25,513 ETH).The auction of his collection by Phillips, with the acceptance of cryptocurrency as payment, further solidifies his position as a visionary who pushed boundaries and challenged conventions.

The CryptoCurrency and EthTrader Communities: A New Breed of Art Collector?

The online communities surrounding cryptocurrencies, such as the CryptoCurrency subreddit with its 6.6 million subscribers and the EthTrader community with 2.3 million, represent a potentially significant new market for high-end art. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop GamesThese individuals are tech-savvy, digitally fluent, and often possess substantial wealth accumulated through cryptocurrency investments. A leading U.S. auction house, Phillips is auctioning a Baqueirat collection in May. Accepted payment options include Bitcoin and Ether. In fThey are accustomed to using digital assets for transactions and may be more inclined to embrace the idea of buying art with Bitcoin or Ethereum. [ad_1]A leading U.S. auction house, Phillips is auctioning a Baqueirat collection in May. Accepted payment options include Bitcoin and Ether.[ad_2]Source linkThe auction by Phillips is likely to attract attention from these communities, potentially introducing a new wave of collectors to the world of fine art.

Beyond Basquiat: The Future of Art and Cryptocurrency

Phillips' decision to accept cryptocurrency is not an isolated incident; it represents a broader trend of increasing integration between the art world and the digital asset space. Phillips will auction off a piece from the collection of Jean-Michel Basquiat, with bitcoin and ethereum listed as payment options. The 16-foot-long 2025 painting Untitled has an estimated value of $70 million (about 1,650 BTC or 25,513 ETH).Other auction houses, such as Christie's and Sotheby's, have also experimented with cryptocurrency-related sales, including the auction of Beeple's NFT for $69 million.This suggests that cryptocurrency is not just a passing fad but a potentially transformative force in the art market. A Jean-Michel Basquiat compilation is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) detailed as payment options. The main attraction is a 16-foot painting which is untitled, 2025, is totalled in the region of $70 million which is roughly 1650 BTC or 25,513 ETH.In the future, we may see more art galleries and auction houses accepting cryptocurrency payments, as well as the emergence of new platforms and marketplaces that cater specifically to the intersection of art and digital assets.

Will other Auction Houses follow suit?

Given Phillips' move and the general trend towards digital assets, it is highly likely that other auction houses will follow suit, to some degree, in the near future.This could involve:

• Accepting Cryptocurrency: More auction houses will start accepting Bitcoin and Ethereum, and possibly other cryptocurrencies, as payment.
• Auctioning NFTs: Non-fungible tokens (NFTs) are already gaining traction in the art world, and auction houses will likely continue to offer them for sale.
• Developing Digital Platforms: Auction houses may invest in developing their own digital platforms for buying, selling, and displaying art.
• Collaborating with Crypto Companies: Partnerships between auction houses and cryptocurrency companies could become more common.

Tips for Buying Art with Cryptocurrency

If you're considering buying art with cryptocurrency, here are some tips to keep in mind:

1. Do Your Research: Understand the art market and the specific artist or artwork you're interested in.
2. Secure Your Cryptocurrency: Ensure that your cryptocurrency wallet is secure and protected from hacking.
3. Understand the Fees: Be aware of any transaction fees associated with cryptocurrency payments.
4. Monitor Exchange Rates: Keep a close eye on exchange rates to ensure that you're getting a fair price.
5. Consult with Experts: Seek advice from art advisors and cryptocurrency experts.
6. Verify the Seller: Ensure that you're dealing with a reputable auction house or gallery.
7. Comply with Regulations: Be aware of any regulations related to cryptocurrency transactions in your jurisdiction.

The Future of Art Investment: A Digital Renaissance?

The convergence of art and cryptocurrency has the potential to revolutionize the way art is bought, sold, and collected. Auctioneer willing to sell $70M artwork for BTC or ETH - Cointelegraph GAS LEE SUN 🌞 Presents: Daily News Chart Analysis About Cryptocurrency; Shiba Inu [SHIB] 😃📲ShibaArmy HODL SHIB BTCBy embracing digital assets, the art world can become more accessible, transparent, and efficient.Cryptocurrency can also facilitate fractional ownership of artwork, allowing more people to invest in and appreciate fine art. Discover a stunning collection of Baqueirat paintings at a prestigious U.S. auction house. Purchase the $70 million showstopper using Bitcoin or Ethereum. Experience the fusion of art and cryptocurrency.The auction of the $70 million Basquiat painting by Phillips is a significant step towards this digital renaissance, paving the way for a new era of art investment and appreciation. In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options. The showstopper 16-foot painting, Untitled, 2025, is estimated in thePerhaps we'll see the emergence of DAO (Decentralized Autonomous Organization) based art collecting. 6.6M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.Imagine a community pooling funds to purchase and curate art, governed by smart contracts and driven by collective decision-making.

Conclusion: A Landmark Moment for Art and Cryptocurrency

The auction of the Jean-Michel Basquiat collection by Phillips, with the acceptance of Bitcoin (BTC) and Ethereum (ETH), represents a landmark moment in the art world.It signifies the growing acceptance of cryptocurrency as a legitimate form of payment and its potential to transform the art market.The $70 million ""Untitled, 2025"" painting serves as a powerful symbol of this convergence, bridging the gap between traditional art and the digital age.Whether you're a seasoned art collector or a cryptocurrency enthusiast, this event is worth paying attention to, as it may foreshadow the future of art investment and appreciation.The event serves as further validation for the digital art space and the viability of cryptocurrency as a real-world payment method, opening the door to new opportunities and potentially democratizing art ownership in the long run.The key takeaways are that cryptocurrency is increasingly being accepted in high-value transactions, major auction houses are embracing digital assets, and this could significantly expand the art market in the future.Keep an eye on developments after the May 18th auction to see how this groundbreaking event impacts the art and crypto worlds!