Only cryptocurrency will be accepted for these artworks at a Mayfair gallery

Mayfair fine art gallery Dadiani is only accepting cryptocurrency as payment for works by British artist Paul Wager in its latest show. In what the gallery claims is a world first, the selling exhibition Requiem for the Emblem of Power will be conducted only using cryptocurrencies including Bitcoin, Bitcoin Cash and Etherium.

Pieces on show includes constructivist-style paintings and bronze and Corten steel sculptures, themed around commemorating the centenary of the end of the First World War.

“The First World War was the horrific consequence of rival states blindly vying for power and supremacy. By conducting the sale of this exhibition exclusively in cryptocurrency, we symbolically look forward to a brighter, more decentralised future in which individuals have greater autonomy and entrenched state power can be overcome,” explains Eleesa Dadiani. Eleesa is founder of the gallery’s brokerage business Dadiani Syndicate, which will process payments, advise on currency and assist buyers who don’t own cryptocurrency.

Prices start at the equivalent of £50,000 or 4.7 BTC at current market value for smaller paintings, £100,000 equivalent to 9.4 BTC at current market value for larger paintings and circa £300,000 or 28 BTC for sculptures.

Paul Wager’s Requiem for the Emblem of Power will be displayed at Dadiani Fine Art Gallery, London from 25 January – 20 March 2018.