Mark Flood's 'Select a Victim' Painting Sold for 12.3 Bitcoins

The first major Bitcoin art purchase in America was equivalent to $100,000 USD.

By //Arts

The White Company was founded by ex-LVMH and McLaren Automotive employee Elizabeth White, self-described as “the first and only U.S. fine art and luxury goods dealer that accepts payment by cryptocurrency.” Capitalizing on its unique placement, the company brokered a record Bitcoin sale for Mark Flood‘s Select a Victim.

With Bitcoin prices soaring higher and higher into the quintuple-digits, it’s only natural that its anonymity-seeking patrons would want to splurge on luxury goods. The White Company was formed this year to cater to the burgeoning market of privacy-minded cryptocurrency investors and made waves by brokering the sale of the Mark Flood painting to a Canadian buyer. The first major art sale in America made with Bitcoin, the anonymous party paid 12.3 Bitcoin, approximately $100,000 USD.

White anticipates her company fostering sales for other luxury goods, like Rolexes, automobiles and exclusive experiences — she purports to have sold a Super Bowl suite for Bitcoin this month. In other art sales news, Sotheby’s recently auctioned off goods from Invader, Shepard Fairey and more.

Read Full Article
Source
The Fashion Law
BitcoinMark FloodThe White Company

You may also like

Patek Philippe's Ref. 2526 Sold for a Record Breaking $642,500 USD
Fashion

Patek Philippe's Ref. 2526 Sold for a Record Breaking $642,500 USD

Becoming the most expensive version of the watch ever.
2,596 Hypes 1 Comments
A-COLD-WALL* Drops Select Spring/Summer 2018 Items for Pre-Order
Fashion

A-COLD-WALL* Drops Select Spring/Summer 2018 Items for Pre-Order

Exclusively available at a-cold-wall.com.
6,442 Hypes 6 Comments
Leonardo DiCaprio Scoops up a Jean-Pierre Roy Painting for $38,000 USD
Arts

Leonardo DiCaprio Scoops up a Jean-Pierre Roy Painting for $38,000 USD

One of many works collected by the Oscar winner.
5,865 Hypes 10 Comments
Basquiat's Monumental 'Flexible' Painting Expected to Sell for Over $20 Million USD
Arts

Basquiat's Monumental 'Flexible' Painting Expected to Sell for Over $20 Million USD

First time ever being up for auction.
8,585 Hypes 16 Comments


What to Read Next

Here's What Went Down at the HB100 Event in Miami
Events 

Here's What Went Down at the HB100 Event in Miami

With a special guest performance by Playboi Carti and sounds by Virgil Abloh.

UNDEFEATED x adidas Originals Prophere "Tiger Camo" Closer Look
Footwear

UNDEFEATED x adidas Originals Prophere "Tiger Camo" Closer Look

The model’s first collab.

Ataribox Pre-Orders Begin This Week
Entertainment

Ataribox Pre-Orders Begin This Week

Retro gamers, rejoice.


No "Body" Lives Forever in Netflix's New 'Altered Carbon' Trailer
Entertainment

No "Body" Lives Forever in Netflix's New 'Altered Carbon' Trailer

Based on Richard K. Morgan’s steampunk thriller.

Scott "The Lord" Disick Drops $15,000 USD on 'Sneaker Shopping'
Footwear

Scott "The Lord" Disick Drops $15,000 USD on 'Sneaker Shopping'

Talks Kanye West and Matt Powell in the process.

Ye Ali & Shabazz Drop Their "Free Up" Single
Music

Ye Ali & Shabazz Drop Their "Free Up" Single

The ‘Trap Jodeci’ singer’s stock is only going up from here.

More ▾