Sotheby Going Live Auctioning for Two Banksy Pieces in Ether Cryptocurrency
Sotheby Live Auctioning For Two Banksy Pieces
This is the first time a cryptocurrency will be utilized as the standard currency for bidding on tangible artworks in real-time during a live auctioning, which is a game-changer. Viewers from all around the world will be able to watch the auction live-streamed on Sotheby's social media platforms, including the company's dedicated Discord channel, as well as on Sothebys.com.
Sotheby became the first auction house to allow cryptocurrencies as a payment option for a tangible work of art when a distinct artwork by Banksy was offered in the May 2021 Contemporary Evening Auction.
These historic auctions not only highlight the artist's position as a leading art world disruptor whose work resonates with the crypto community's boundary-pushing ethos, but they also demonstrate Sotheby's innovative spirit in experimenting with and expanding the possibilities of the auction format.
Banksy's Love Is In The Air $4/6 Million Estimate
The picture has come to represent the artist's distinct graphic style, sardonic humor, and energizing political criticism. Love is in the Air is a classic Banksy painting: instantly recognized, it has become synonymous with the artist's unmistakable graphic style, sarcastic humor, and electrifying political message.
Banksy's protagonist takes the iconic position of civic discontent, prepared to launch a projectile at an unseen opponent, but the artist substitutes the missile with a bouquet, disarming this image of violent unrest to produce a piece that is both a plea for change and a call for peace.
The painting is further differentiated by the incorporation of hand-painted flowers in oil - a characteristic rarely seen in Banksy's output – making it one of the artist's most beloved works on canvas. Love is in the Air uses a gentle touch to remind the spectator of the unfairness and inequality that exists in the world, while simultaneously offering a simple message of hope.