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AUCTION

Italian auctioneers to accept bids in Bitcoin

Italian auction house Sant'Agostino said on Wednesday that bidders at its next sale will be able to settle up in Bitcoin, a world first according to the auctioneers.

Italian auctioneers to accept bids in Bitcoin
Now collectors can bid in Bitcoin. Photo: Roslan Rahman/AFP

Early next week, around 600 Italian and foreign design objects, mostly pieces of furniture, will go under the hammer at Sant'Agostino and “Bitcoins will be accepted as payment”, the Turin auction house said in a statement. 

Paying with the crypto currency will also be allowed at the following auction at the end of November which will feature paintings, jewellery and watches.

Bitcoin is not generally recognised as a proper currency – lacking a home country, central bank or treasury – although its real world use is constantly increasing.

It is traded through blockchain technology, which publicly records transaction details including the unique alphanumeric strings that identify buyers and sellers – technology which is gaining increasing currency among banks and companies.

Since its creation in 2009, the value of Bitcoin against traditional currencies has risen exponentially, although there have been periods of dizzying plunges, too.

It broke through the $5,000 level for the first time last week, having surged from $966 since the start of the year.

EUROVISION

Turin chosen to host Eurovision Song Contest in 2022

The next edition of the Eurovision Song Contest in May 2022 will be held in the northern Italian city of Turin, organisers confirmed on Friday.

Italy's Maneskin performs during the final of the 65th edition of the Eurovision Song Contest 2021 in Rotterdam.
Italy's Maneskin performs during the final of the 65th edition of the Eurovision Song Contest 2021 in Rotterdam. Photo: KENZO TRIBOUILLARD/AFP

“Turin has won the race to become the host city of the 66th Eurovision Song Contest, having triumphed over 16 other competing bids,” read a statement on the contest’s official website.

“The Grand Final will be held in PalaOlimpico on Saturday 14 May with Semi-Finals on 10 and 12 May.”

“We won! Turin has won!” mayor Chiara Appendino wrote in a celebratory post on Facebook.

Italian state broadcaster Rai said Turin had beaten off competition from the cities of Milan, Bologna, Rimini and Pesaro to host the event.

READ ALSO: Italy wins Eurovision: ‘We just want to say to the whole world, rock’n’roll never dies!’

Turin will be the third Italian city to host the event after Naples (which hosted in 1965) and Rome (1991), after Rome-based rock band Måneskin’s victory in Rotterdam earlier this year with the song ‘Zitti e buoni’.

That event, watched by 183 million people, was Italy’s third Eurovision win and its first for three decades.

‘Turin is the perfect Host City for the 66th Eurovision Song Contest,” said Eurovision Song Contest Executive Supervisor Martin Österdahl.

“As we saw during the 2006 Winter Olympics, PalaOlimpico exceeds all the requirements needed to stage a global event of this scale and we have been very impressed with the enthusiasm and commitment from the City of Turin who will welcome thousands of fans next May.”

“This will be the first Eurovision Song Contest to be held in Italy in 30 years and, together with our Host broadcaster Rai, we are determined to make it a special one.’

Turin was home to the 2006 Winter Olympics and is hosting the ATP Finals tennis tournament next month.

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