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19
May2017
One of the oldest auction houses in Italy began to accept bitcoin

One of the oldest auction houses in Italy began to accept bitcoin

Antiques and innovations will meet face to face: one of the oldest auction houses in Italy started accepting bitcoins from their customers. Now, cryptocurrency can be exchanged for antique furniture, clocks or paintings, these are the items that the company mainly specializes in.

Sant'Agostino, an auction house located in Rome, recently announced that payments for purchased lots can be made with bitcoin. It looks like a bold step in the global context, but doesn’t surprise those who sell luxury items and art.

Several fine art galleries already sell their exhibits for cryptocurrency. These include the Cointemprorary online gallery, which opened in 2014, and the Fine Arts Gallery in Mayfair, London. From now on, with bitcoins you can buy art and antiques exhibited at the Sant'Agostino auction. The plan is to include 600 works (mainly furniture) of Italian and foreign masters in the first sale open for bitcoin.

While business community and governments debate about bitcoin, ordinary users “legalize” it by including it in new fields of use. Now, with digital coins you can not only have a meal or book a hotel but also purchase a few elegant pieces of furniture.

 

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