Christie’s to take cryptocurrency for 1984 computer painting

Christie’s to take cryptocurrency for 1984 computer painting

Buyers can make full payment using ether or bitcoin.

Keith Haring’s painting is likely the first example of an artist celebrating the computer. (Reuters pic)
LONDON:
Art aficionados can buy a painting by Keith Haring using cryptocurrency at Christie’s “20th/21st century” sale in London tomorrow, where works by Alberto Giacometti, Pablo Picasso and Edgar Degas are also going under the hammer.

The untitled piece, painted in 1984 and celebrating the start of the digital era with the depiction of a computer, has an estimated value of £3.9-4.5 million (RM22.5-26 million).

The auction house said buyers could make the full payment – the hammer price and full premium – using ether or bitcoin.

“The painting is probably the first example of an artist celebrating the computer. It was in 1984 that the Apple Macintosh was launched, so it’s really a piece of history,” said Katharine Arnold, co-head of post-war and contemporary art for Christie’s in Europe.

“The potential for paying in cryptocurrency for the full hammer price and buyer’s premium felt like this was a perfect marriage.”

Other lots include “Homme qui chavire”, a £12-18 million sculpture by Giacometti, as well as Picasso’s “L’Etreinte”, a painting that is seen to fetch £11-16 million.

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