The launch of a cryptocurrency art exhibition at a London Art Gallery is trying to change the way consumers and art-lovers purchase art. As more industries adopt crypto with open arms, the arts sector is looking to benefit from the growth of crypto by putting its whole collection up for sale that you can buy with your cryptocurrency.
The potential of the cryptocurrency art sector is only just being realized as the London art gallery, House of Fine Art (HOFA), open up an exhibition where you can purchase paintings with crypto in a unique move for the industry.
Cryptocurrency art gallery launch
The House of Fine Art in Mayfair, London, has launched an art exhibition that they claim to be the first-ever cryptocurrency art sale. The offer to buy art with crypto is available right across all of their collection, which the owners believe will help to revolutionize the selling and buying of art not just in their business, but in the whole industry.
The art gallery has made this bold move due to increased demand from its customers to enable the use of cryptocurrency to purchase art pieces. Elio D’Anna, the founder of HOFA, recently said that “We knew straight away that this was an opportunity too good to pass by. At the moment, digital currencies are becoming commonplace among a wide array of savvy consumers, providing a seamless, and cost-effective method to exchange value globally.”
The move by the gallery shows great vision and forward-thinking as crypto adoption moves closer to the mainstream. As more people than ever before are seeking options and avenues to use their crypto across the retail market, this move by HOFA to incorporate a cryptocurrency art-friendly exhibition is genius,
What can you buy with your crypto at HOFA?
This unique cryptocurrency art exhibition is great news for the city’s art fanatics who use crypto, with many choices on offer at the gallery. This is not a cheap affair, and with prices starting from GBP 4,000, it is a real gallery for collectors.
You can purchase some exquisite works from the French sculpture, Richard Orlinski, or some fascinating pieces from the American neo-expressionist painter, Hunt Slonem. If you have GBP 250,000 of bitcoin handy, you can purchase pieces by the popular Italian sculptor, Stefano Bombardieri.
Although this might be the first ever cryptocurrency art gallery of its kind, it isn’t the first time that high-end art pieces have been available to buy with crypto. Earlier this year, an online crypto art sale auctioned off a GBP 4.2 million Andy Warhol artwork called ’14 Small Electric Chairs’. There was also a case in 2017 where another Mayfair art gallery, the Dadiani art gallery, began accepting crypto as payment for buying certain art pieces, but the move by the House of Fine Art to offer all their collection in a cryptocurrency art exhibition is quite unique.
The cryptocurrency art exhibition at HOFA represents a positive move for the industry and finally gives art-lovers the opportunity to use their crypto to purchase art with bitcoin.
I am very experienced writer/blogger who has been an active member of the cryptocurrency community for several years. I have experience writing for crypto news sites and proactively been involved in the startup of other ICO and crypto ventures over the course of the past four years.