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Lincoln Townley: 490 bitcoins (BTC) for 19 paintings
Lincoln Townley: 490 bitcoins (BTC) for 19 paintings

Lincoln Townley: 490 bitcoins (BTC) for 19 paintings

By Alfredo de Candia - 12 Sep 2019

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London-based artist Lincoln Townley, famous for his portraits of celebrities such as Kate Moss and David Bowie, has sold 19 of his works for 490 bitcoins (BTC) to a Singaporean investor, as reported by the British media.

The paintings in question are part of the “Greed Collection” and were purchased through a Swiss agent.

Townley is no stranger to bitcoin payments: in 2017 he had sold his piece of art, Homage to Francis Bacon, to a European collector for 40 bitcoins (BTC), one of the first transactions of this nature.

530 BTC are now worth over $6 million. As reported in a recent report, European investors diversify their investments not only with crypto but also with prestigious works of art.

Townley is certainly not the only artist to accept bitcoin payments for his works: in 2018 a painting by Andy Warhol was offered for sale by the London-based auction house Didiani Syndicate. The work, of which 49% was sold, was payable in ethereum or bitcoin, as well as in Maecenas’ very own token, ART.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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