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Philips to Accept BTC and ETH in a Banksy Auction
Summary: Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction. The executive revealed that the seller insisted on the move ...
Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction.
The executive revealed that the seller insisted on the move as it would grant him more potential buyers and a higher price as an outcome:
”We’re really doing this because the seller was open to the idea of opening bidding to a new pool of potential buyers and therefore achieving a higher sale price as a result.”
By Amy Liu
Tags: Auction,BTC,ETH,Philips
Link: Philips to Accept BTC and ETH in a Banksy Auction [Copy]
