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artnet News: This Online Gallery Believes Cryptocurrency Is the Future of the Market—and They Just Sold a Piece Worth Nearly $1.3 Million in Bitcoin to Prove It | artnet News

This Online Gallery Believes Cryptocurrency Is the Future of the Market—and They Just Sold a Piece Worth Nearly $1.3 Million in Bitcoin to Prove It | artnet News
artnet News

As the art world continues to adapt to the rise of cryptocurrencies, one gallery just may be ahead of the curve. Āto Gallery, an online venture founded by Carrie Eldridge in 2016, has announced the sale of a Benjamin Katz painting for 150 Bitcoin, the equivalent of more than $1.25 million at the time of sale, and a record price in cryptocurrency for a work of art. The sale tops the previous record for the world’s most expensive crypto-artwork, set in February with the $1 million Valentine’s Day Read the full story

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