Sant’Agostino, an Italian auction house, is the first to let people bid and settle with bitcoin. Auctioneers determined it will be the first one to allow for bitcoin to enter into the realm of auctioning. This brings bitcoin into yet another aspect of commercial and economic life.
A Geo TV article originally covered the story: “ROME: Italian auction house Sant’Agostino said Wednesday bidders at its next sale will be able to settle up in bitcoin, a world first according to the auctioneers.”
The First Items for Auction via Bitcoin BiddingThe auction is slated to sell roughly 600 items, which include furniture and other household objects. All of the items can be purchased with bitcoin via the bidding process. Furthermore, the following Sant’Agostino auction — which will include bidding on jewelry, watches, and art pieces — will also accept bitcoin as part of the settlement process.
"Paying with the crypto currency will also be allowed at the following auction at the end of November which will feature paintings, jewelry and watches."
This means there could be a movement developing in this particular area of retail services, and spur more popularity for bitcoin and other cryptocurrencies.
Read more:
https://news.bitcoin.com/italian-auction-first-allow-bidding-bitcoin/
