"This event is where marquee works by renowned artists like Yves Klein or Jean-Michel Basquiat appear, so the inclusion of Block 1 signals an important moment for Bitcoin's cultural presence. The auction will be held at The Breuer Building - once the home of the Whitney Museum of American Art and now Sotheby's new worldwide headquarter in New York. It marks the first time a physical artifact of Bitcoin's history stands alongside blue-chip artworks in such a high-profile sale."
"Speaking as an archivist and art historian, I found our conversation becoming a meditation on value: how art and Bitcoin both rely on scarcity, story, and shared belief rather than financial metrics alone. Some of his remarks are included throughout this piece. His own path -- from auction house executive to Bitcoiner -- reflects the shift he describes: from assigning value within institutions to seeing value take shape through collective consensus."
Block 1 from Robert Alice's Portraits of a Mind series will be auctioned in Sotheby's Now & Contemporary Evening Sale on November 18 with an estimate of $600,000 to $800,000. The auction will take place at The Breuer Building, the former Whitney Museum and Sotheby's new worldwide headquarters in New York. The inclusion of Block 1 places a physical Bitcoin artifact alongside blue-chip works by artists such as Yves Klein and Jean-Michel Basquiat. Tad Smith, former Sotheby's CEO and Bitcoiner, links art and Bitcoin value through scarcity, narrative, and collective belief. Block 10's acquisition by the Centre Pompidou exemplifies Bitcoin's translation into institutional cultural recognition.
Read at Bitcoin Magazine
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