According to reports, Colin McRae’s long-lost rally car was sold at auction for Bitcoin

Bitcoin (Bitcoin) The adoption rate in the auction field is growing, where privacy is a key issue. An anonymous buyer bought a legendary rally car driven by iconic rally figures Colin McRae and Carlos Sainz, which is believed to have been sold at an auction for 500,000 Australian dollars (360,000 US dollars) Long lost and reportedly used Bitcoin as a payment method.

Lloyds Auctions Announce The 1994 Subaru Prodrive 555 Group A World Rally Championship car was found in a dust-covered barn in Victoria, Australia.

The car was originally thought to be worth 15,000-20,000 Australian dollars (10,900-14,500 US dollars). However, a six-month survey of the International Classic Car Certification and Rating System (ICAARS) showed that “it is likely to be worth more than US$1 million. [$725,000]. “

Lloyd said that this rally car is one of 63 rally cars commissioned by Prodrive. It has been in the barn for 10 years and the owner does not know the actual value of this car. Since the racing era, it has only three owners, and its condition has not been affected.

The car was touted as a “golden treasure” by ICAARS inspectors, and it was auctioned on September 26 at a price of 500,000 Australian dollars.It is said that the winner has Paid Bitcoin bids.

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Lloyds Bank announced in June that the Australian auction house will begin accepting crypto payments, enabling bidders to use Bitcoin and other cryptocurrencies to purchase items auctioned on the platform.

“As a long-term sponsor of Lloyds, I didn’t hesitate to believe how easy it was for me to pay with cryptocurrency,” a bidder at the time SaidAnd added that the seller received cash payment, “never know the difference.”

In addition to cryptocurrencies, non-fungible tokens (NFT) are also sweeping the auction world. Art galleries are adopting new forms of digital art as auctionable items.Sotheby’s Auction House Yuga Labs ‘101 Bored Ape Yacht Club NFT collection in September, won the bid of 24.39 million US dollars.