BitCoins Enter the Art Market

June 30th, 2013

A new website, titled BitPremier, is currently offering a number of luxury goods for purchase using the digital currency BitCoins. The initial offering of products on the site include works by Peter Beard and LeRoy Neiman.  “This is a way for them to diversify their assets into bitcoins. At this point, it’s a lot easier to sell a $1 million painting to get bitcoins than trying to buy a million dollars of bitcoins on an exchange.”  Says Bitpremier founder Alan Silbert.

Read more at ArtInfo