{"id":297206,"date":"2021-07-13T00:14:33","date_gmt":"2021-07-12T21:14:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/winner-spends-fortune-in-crypto-on-sothebys-diamond-auction\/"},"modified":"2021-07-13T00:14:33","modified_gmt":"2021-07-12T21:14:33","slug":"winner-spends-fortune-in-crypto-on-sothebys-diamond-auction","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/winner-spends-fortune-in-crypto-on-sothebys-diamond-auction\/","title":{"rendered":"# Winner spends fortune in crypto on Sotheby\u2019s diamond auction"},"content":{"rendered":"<p>&#8220;<strong># Winner spends fortune in crypto on Sotheby\u2019s diamond auction  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMGNmYjcyNDgtN2ViZC00OTVhLTk5ODMtZTdkOWUwOWFkMzA0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Art and jewelry brokerage Sotheby\u2019s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9.\u00a0<\/p>\n<p>The diamond \u201csold for $12.3 million to an anonymous buyer last Friday at Sotheby\u2019s Hong Kong,\u201d MarketWatch <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/story\/a-101-carat-diamond-just-sold-for-12-3-million-in-crypto-11626111559?mod=home-page\">reported<\/a> on Monday. \u201cIt\u2019s the most expensive gem ever purchased with cryptocurrency, according to Sotheby\u2019s,\u201d MarketWatch added. <\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of the crypto-friendly diamond auction surfaced in the latter half of June, with estimates forecasting the diamond to hit prices somewhere in the ballpark of $15 million. Called \u201cThe Key 10138,\u201d the diamond\u2019s name reportedly pays homage to crypto industry lingo. (Private keys give access to each crypto owner&#8217;s holdings.) <\/p>\n<p>Anonymity and pseudonymity are not uncommon in the crypto industry. Crypto traders and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> personalities often comment on Twitter via pseudonymous profiles. Even the creator (or creators) of Bitcoin (BTC), the asset that started the whole crypto industry, remained pseudonymous under the name Satoshi Nakamoto.<\/p>\n<p>It\u2019s fitting of the crypto industry that the diamond auction would yield an anonymous buyer, paying in crypto. Results of the auction did not include which digital asset the buyer put up as payment, according to MarketWatch. Buyers had the option to wager their offers for the diamond in Bitcoin, Ethereum (ETH), or regional currencies (fiat). <\/p>\n<p><strong><em>Related:\u00a0Bitcoin price will see breakout \u2018during this week\u2019 says trader with $38K target<\/em><\/strong><\/p>\n<p>On July 9, Bitcoin\u2019s price <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately traded between $32,670 and $34,170, based on Cointelegraph\u2019s Bitcoin price index. Ethereum traded roughly between $2,070 and $2,180 on that day. Using a price of $33,000 per Bitcoin, the buyer would have paid about 372 BTC for the diamond. If paying in ETH, the rock would have cost about 5,857 ETH, assuming a price of $2,100 for each ETH coin. The actual totals were not shared, however, so the aforementioned simply serves as a logical benchmark of potential based on price action on July 9. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/winner-spends-fortune-in-crypto-on-sotheby-s-diamond-auction\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Winner spends fortune in crypto on Sotheby\u2019s diamond auction &#8221; Art and jewelry brokerage Sotheby\u2019s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9.\u00a0 The diamond \u201csold for $12.3 million to an anonymous buyer last Friday at Sotheby\u2019s Hong Kong,\u201d MarketWatch reported on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":297207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMGNmYjcyNDgtN2ViZC00OTVhLTk5ODMtZTdkOWUwOWFkMzA0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,67880,81760],"class_list":["post-297206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-auction","tag-diamond"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/297206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=297206"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/297206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/297207"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=297206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=297206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=297206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}