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Author Topic: Auction of 101.38-carat pear-shaped diamond for BTC  (Read 70 times)
suzanne5223 (OP)
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June 22, 2021, 02:36:24 PM
 #1

Despite the current down trend of the market which have already led to chicken out of some cryptocurrency investors, an auction company (Sotheby) which I have once successful sold it first NFT art product on April and second NFT art two weeks ago, for nearly $12 million have chosen to auction a physical diamond of 101.38-carat pear-shaped at Hong Kong which will go live on July 9 for $15 Million worth of Bitcoin or ETH.

Meanwhile, 100-carat diamonds are considered very rare, especially those that are pear-shaped, the Sotheby's company called the diamond "The Key 10138," and it was said to be the second-largest pear-shaped diamond to appear on the public market.

1) My question, will you buy this kind of diamond with the nature of the market?
2) If you have this kind of diamond, will you sell it for crypto knowing the market next trend is still unpredictable due to the recent momentum
Your opinion, thought and suggestion.

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June 22, 2021, 02:39:48 PM
 #2

Sotheby and any other auction houses have inflated the prices of the items that they are auctioning. If I have the bitcoin to buy the diamond and have some surplus, I will definitely buy the diamond and just sell it because it's definitely going to appreciate in value, I would probably sell it for crypto too since I have bought it in crypto too.
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