Sotheby’s To Accept Crypto Payments For The First Time For Kobe Bryant NFTs

Art auction house Sotheby's announced on Tuesday that it will accept cryptocurrency payments for the first time with the Kobe Bryant NFT sale.
 Sotheby’s To Accept Crypto Payments For The First Time For Kobe Bryant NFTs
READING NOW Sotheby’s To Accept Crypto Payments For The First Time For Kobe Bryant NFTs

Art auction house Sotheby’s announced on Tuesday that it will accept cryptocurrency payments for the first time through the Kobe Bryant NFT sale.

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The NFT artifact in question is the shooting shirt of Los Angeles Lakers legendary basketball player Kobe Bryant, who scored 81 points in his 2006 game against the Toronto Raptors. The shirt was verified by The MeiGray Group, the official authenticator of the NBA, and matched to the photo. The auction began with an opening bid of $200,000 and bids will be available until February 22. So far, no item Bryant wore has ever been put on the market at auction.

ETH, BTC, USD Coin Payments to be Accepted in the NFT Sale

Bryant’s shooting shirt will be sold physically, accompanied by an NFT of an animation showing Bryant scoring 81 points. The starting price of the shirt will start at 200,000 USD. In addition to fiat currency, Sotheby’s will also accept payments in ETH, BTC, USD Coin.

Sotheby’s began selling NFT in April 2021. Sotheby’s had a total of $100 million in NFT sales last year.

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