Sotheby’s to Auction Martian Meteorite for $2M-$4M in Crypto

Sotheby’s is set to auction the largest known Martian meteorite, NWA 16788, on July 4, 2025, marking a significant milestone in the integration of cryptocurrency into high-value auctions. This 54-pound meteorite, discovered in Niger in 2023, is expected to command between $2 million and $4 million. The auction house will accept bids in Bitcoin, Ethereum, and USDC, reflecting its commitment to embracing digital assets since 2021.

Cassandra Hatton, Vice Chairman of Science and Natural History at Sotheby’s, emphasized the auction house’s progressive approach to cryptocurrency payments. “Sotheby’s has accepted cryptocurrency for select sales since 2021,” she stated, highlighting the operational challenges and compliance measures involved in integrating digital currencies into traditional auction markets. The acceptance of Bitcoin, Ethereum, and USDC bids for NWA 16788 is part of Sotheby’s broader strategy to cater to a tech-savvy and global clientele, many of whom are active in the crypto space.

NWA 16788 has been authenticated by the Meteoritical Society, ensuring its provenance and scientific significance. The valuation of meteorites is complex and often based on weight, rarity, and scientific interest. Unlike traditional art, meteorite pricing is less predictable due to the uniqueness of each specimen. Hatton noted that collectors and investors analyze Martian and lunar meteorites meticulously to establish fair market values. This auction sets a new precedent as the most valuable Martian specimen ever offered publicly, surpassing previous sales such as a smaller meteorite piece sold for $40,000 in 2021.

Sotheby’s has progressively embraced cryptocurrency payments since 2021, leveraging partnerships with Coinbase and Bitpay to ensure compliance and security. This auction continues that trend by enabling bids in Bitcoin, Ethereum, and USDC, catering to a tech-savvy and global clientele. Hatton highlighted the operational challenges involved, stating, “It’s a lot of work to ensure that systems are set up, that everything is compliant,” but affirmed Sotheby’s commitment to maintaining the highest standards. The auction house’s previous crypto-enabled sales include Bitcoin Ordinals collections, Bored Ape Yacht Club NFTs, and NBA Top Shot memorabilia, demonstrating a sustained effort to accommodate digital asset holders and expand market accessibility.

The decision to accept cryptocurrency payments is driven by client demand and the evolving landscape of asset ownership. Many Sotheby’s clients are active in the crypto space, either earning or holding digital currencies, prompting the auction house to respond accordingly. Hatton remarked, “Many of my clients work in crypto, earn from it, or hold it, and they’ve told me, ‘You should be accepting cryptocurrency for everything.’” This strategic move not only broadens the pool of potential bidders but also positions Sotheby’s at the forefront of innovation in the auction industry, blending traditional collectibles with modern financial technologies.

Sotheby’s auction of the Martian meteorite NWA 16788 exemplifies the intersection of rare natural history artifacts and the expanding role of cryptocurrency in high-value transactions. By accepting Bitcoin, Ethereum, and USDC bids, Sotheby’s is not only facilitating broader participation from the crypto community but also setting a new standard for future auctions involving unique and valuable assets. This event underscores the evolving dynamics of asset valuation and payment methods, signaling a transformative period for collectors and investors alike.