Hacker News new | ask | show | jobs
by spoonjim 1916 days ago
Even if it’s painting the tape it’s an expensive proposition at close to $10 million in Christie’s fees.
1 comments

10 million in ETH. How easy is it to exchange large sums like that? (Genuine question, I have no idea)
Christie's terms specified the fee was not payable in ETH, only in government currency.
If it's going to another Eth address then it's as simple as sending a transaction. Fees are a problem these days but they could've sent it for as little as 1-2usd to as high as 30-100usd. Higher fees mean faster processing.
Sounds like a tiny portion of ETH's daily volume ($23B). I'm not sure if it would even noticeably move the price.