Sotheby's sells diamond for $12.3 million in crypto, most expensive digital currency transaction ever
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Sotheby's just set the world record for the most expensive piece of jewelry ever sold for cryptocurrency, auctioning off a 101.38-carat diamond for $12.3 million of either Bitcoin or Ether on Friday.
The cryptocurrency sale of the pear-shaped D Flawless diamond, named "The Key 10138," shows Sotheby's "commitment to innovation," the company said.
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"Diamonds are keys to understanding the history of the Earth, reminding us of our human condition and the transcendental power of beauty," Wenhao Yu, Deputy Chairman of Sotheby’s Jewellery in Asia, said about the sale.
"With the name ‘The Key 10138,' we wanted to celebrate this enlightening virtue, while also alluding to the crucial function of digital keys in the world of NFTs and cryptocurrency."