Auctioning 2 Ballet Bitcoin Blocks (13.3135 and 6.5504 BTC) at Great Collections

[coblee]

I'm auctioning 2 Ballet Bitcoin Blocks at Great Collections. They both have serial numbers #24. Ballet only made 24 of the 12.5 BTC blocks and 25 of the 6.25 BTC blocks.
For more info on these, check out: https://www.balletcrypto.com/en/block/

13.3135 BTC: https://www.greatcollections.com/Coin/1141992/2020-Ballet-Bitcoin-Titanium-Brick-133135-BTC-in-Original-Ballet-Packaging



6.5504 BTC: https://www.greatcollections.com/Coin/1141993/2020-Ballet-Bitcoin-Titanium-Brick-65504-BTC-in-Original-Ballet-Packaging



Both auctions will end on April 24. If you want to bid on them, make sure you've created an account at Great Collections and requested an increase to your bid limit.

GreatCollections will be accepting crypto via BitPay. They should announce it this or next week. Happy bidding! 

[1679474146]

1679474146

[1679474146]

1679474146

[1679474146]

1679474146

[1679474146]

1679474146

[MoparMiningLLC]

beautiful blocks!

[shadallion]

A literal piece of history

[NeuroticFish]

will be accepting crypto via BitPay.

Truly wonderful blocks.
However, I think that it may worth mentioning to the possible bidders that BitPay will probably be asking for KYC details when handling the payment.

[MoparMiningLLC]

will be accepting crypto via BitPay.

Truly wonderful blocks.
However, I think that it may worth mentioning to the possible bidders that BitPay will probably be asking for KYC details when handling the payment.

most assuredly and to bid over 10k, I believe you have to meet their kyc (the auction site) while also providing references.

I will be curious to see how much premium these fetch.

[Steeley]

coblee

All the best to you on this auction. I am curious about this auction site. It states that there are no reserves, but I cannot see too many details. Is the auction bidding above the btc value or is there a risk that these items can sell below the btc value?

Steeley

[coblee]

coblee

All the best to you on this auction. I am curious about this auction site. It states that there are no reserves, but I cannot see too many details. Is the auction bidding above the btc value or is there a risk that these items can sell below the btc value?

Steeley

The auction is the total price. But remember to add the buyer's premium of 10% to the bid amount. There's definitely a risk that the item can sell below BTC value because it has no reserves. I'm betting that it won't because there are definitely people bidding up to BTC value. You can see the current BTC value of the coin on the auction page.

[Markzellers]

I am sure all the bidding will be last minute.. No point in risking a FIAT price now with 30 days left to go.   I wonder... Does anyone have any experience in buying physical Bitcoin like this in your IRA? That's the only way I would do it.  I currently have mostly GBTC stock in my self directed IRA, but this would be an interesting addition.

[coblee]

The auction will end in about an hour!

[MoparMiningLLC]

nice! hopefully they continue to go up in bids, still under peel value atm on both of them. see, should have just given to me, I would have peeled and given ya 100% of the btc just to keep the blocks lol

[Eclipse33]

Thats quite a bit of bitcoin, I hope a collector steps in and grabs them 

[Steeley]

Coblee

Do you mind sharing how these auctions work? It's hard to figure out if there is a premium gained on the item. For example, on the BTC block with 6+ BTC the value of BTC is pegged at $253k. The winning bid is $240K and the final auction price is $270K. Is this a win for you or do you suggest peeling and selling the redeemed collectible?

Steeley