Work 14 small electric chairs
Innovators in an accelerated way. In addition to its application in the financial and industrial sectors, the Blockchain network of Ethereum will be used this June to facilitate the auction of the work of Andy Warhol, of 1980, 14 small electric chairs that will be sold in cryptocurrencies.
The auction will be carried out by Dadiani Fine Art in the London district of Mayfair, in collaboration with the Blockchain Maecenas Fine Art platform. The sale will take place this June 20, and the auction house will accept Bitcoin and Ethereum as options. of payment. Dadiani announced last year that it would be the first gallery to accept crypts.
As for the price, the piece is valued at 732 BTC, equivalent to USD $ 5.6 million at the time of writing the article, and would certainly change according to market conditions on the day of the auction. Reportedly, the reserve price is 25 BTC or USD $ 4 million. The auction house strictly requires that potential buyers comply with local regulations.