In the shadowy corridors of the old European auction houses, where dust and grandeur mingle, a curious new chapter is unfolding. The venerable Christieâs, known for its aristocratic biddings and champagne-soaked evenings, now dares to dip its ghostly fingers into the digital abyss. Yes, dear reader, they are conjuring a division dedicated solely to the treacherous whims of cryptocurrencyâbecause what better way to buy a mansion than with a string of digital coins that no one truly understands? đ¸đ°
Under the watchful eyes of their cryptocurrency conjurers, lawyers, analysts, and other financial wizards, transactions now unfold where neither party wishes to involve those dull creatures called banks. No, only the mysterious blockchain shall bear witness. The New York Times recently whispered that Christieâs is actively facilitating deals where the buyer and seller prefer to dance this peculiar ballet of private, digital riches, even when it involves a house in Beverly Hills worth a staggering $65 millionâpaid for in Bitcoin, of course, because why not make it a little more complicated? đ¤ˇââď¸
And so it continues: Christieâs, never one to shy from the avant-garde, had already flirted with the realm of NFTs and even launched an Ethereum auction platform last year. The house of Sothebyâs, meanwhile, joins this digital merrymaking, both vying for supremacy in a market increasingly flushed with crypto-swine and blockchain butterflies. Last year, Christieâs dragged in a modest $5.7 billionâdown a tadâwhile Sothebyâs humbly managed $6 billion, because apparently, as the money flows out, they are also practicing the ancient art of decline. đ
“Crypto could keep the ultra-richâs identities under lock and blockchain” đ
According to the ever-wise Kirman, real estate transactions with crypto are still a rare birdâyet they flutter more frequently as the wealthy attempt to purchase homes incognito, hiding behind the digital curtain. Known for their preference to buy homes in the shadow of trusts and companies (because, of course, privacy is so last century), this new tool offers a tantalizing promise: total anonymization on an open ledger. Ah, the ironyâtrying to hide in plain sight with a transparent ledger. Modern mysteries! đľď¸ââď¸
Kirman, with perhaps a touch of sarcasm, claims that Christieâs has been quite diligent in safeguarding buyer anonymityâso clandestine, in fact, that sometimes even the vendor doesnât know who the purchaser is. Imagine, buying a palace while playing hide-and-seek with the identity! Classic crypto chic. đ
Crypto mansions worth a cool billionâready for the keys? đđ°
Christieâs presently boasts a portfolio valued at a billion dollarsâsellers more inclined to accept digital riches than sunlightâranging from Los Angeles mansions to the iconic Joshua Tree retreat, a piece of land straddling the line between desert and dream.Eight-figure homes, welcoming crypto whales seeking to diversify their ocean of assets, just in time for the next bubble. Indeed, one Joshua Tree estate at nearly $18 million signals a new eraâacceptance has gone from whispered secret to bold proclamation. đľđĽ
Americans might just get mortgage approvals in crypto soon? đ¤Ż
Kirman ventures into even more speculative territoryâcrunching numbers with banks to accept crypto as collateral for mortgages. Merely within five years, he predicts, more than a third of all home deals could involve digital coins. The Federal Housing Finance Agency is already nudging Fannie Mae and Freddie Mac to consider cryptocurrencies as assetsâbecause whatâs more normal than valuing a house in digital fairy dust? Who needs dollars when youâve got a blockchain? đ
So, next time you ponder buying that dream home, consider paying in bits and bytes instead of bricks and mortar. The futureâs hereâor maybe just a fictitious version of the future, with a sprinkle of chaos and a dash of billionaires playing hide-and-seek with their identities. Trust no one, especially not the blockchain. đ
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2025-07-25 06:23