A high-end gallery in London’s Mayfair area is putting its entire art collection, including works by Zhuang Hong Yi, Richard Orlinski and other artists, up for sale and you can buy only using cryptocurrency.
Elio D’Anna, founder of the House of Fine Art, said the crypto-only sale was prompted by what he said was increasing demand for buying art with digital currency. HOFA is working with Uphold, a cloud-based digital money platform, and will accept any of the eight cryptocurrencies the platform supports, according to HOFA’s press release.
Gallery prices start at about 4,000 pounds but rise to about 250,000 pounds for pieces by Italian sculptor Stefano Bombardieri, according to the Evening Standard.
This is not the first time cryptocurrency has entered the art world. Back in June, for instance, blockchain platform Maecenas partnered with London-based cryptocurrency broker Dadiani Syndicate on the crypto-only auction of Andy Warhol’s “Fourteen Small Electric Chairs.” Read more here.