Sotheby's will allow people to trade their crypto for an ‘intrinsically worthless' rock

Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month.

According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for bids in crypto and fiat starting on July 9. Buyers are expected to bid up $118 million HKD — roughly $15 million — for the stone. This amounts to more than 454 (BTC) at the time of publication at a price of $32,974. Sotheby’s has also accepted Ether (ETH) in previous auctions.