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Home Science & Technology Startup Nation Tech Bits

Christie's accepting crypto currency for Keith Haring painting

by  Reuters and ILH Staff
Published on  06-28-2021 12:00
Last modified: 06-28-2021 10:11
Christie's accepting crypto currency for Keith Haring paintingAll Around Kaarl.com

Keith Haring's mural "Tuttomondo" on the wall of Monastery of the Virgin Mary in Pisa, Italy | Screenshot: All Around Kaarl.com

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Art fans can buy a painting by Keith Haring using cryptocurrency at Christie's "20th/21st century" sale in London from June 30-July 7, where works by Alberto Giacometti, Pablo Picasso and Edgar Degas are also going under the hammer.

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The untitled piece, painted in 1984 and celebrating the start of the digital era with the depiction of a computer, has an estimated value of £3.9 million to £4.5 million pounds ($5.42 million - $6.25 million).

The auction house said buyers could make the full payment – the hammer price and full premium – using ether or bitcoin.

"[The painting] is probably the very first example that we see of an artist celebrating the computer ... It was 1984 that Apple Macintosh was first launched. So it's really a piece of history," Katharine Arnold, co-head of post-war and contemporary art for Christie's in Europe, told Reuters.

"So the potential for paying in cryptocurrency for the full hammer price and buyer's premium was something that felt like this was a perfect marriage."

Other lots in the June 30 sale include "Homme qui chavire," a £12 million-£18 million sculpture by Giacometti as well as Picasso's "L'Etreinte," a painting which is seen fetching £11 million-£16 million.

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