Lloyds Auctions Australia Sells a Pricey Caravan for Cryptocurrency
Lloyds Auctions, a leading auction house in Australia, now accepts major cryptocurrencies for any items offered on its marketplace. Within hours of the announcement, the auction house managed to sell an expensive caravan (camper/trailer) to a bidder who was happy to pay the full price with digital coins.
Against a backdrop of volatile crypto markets in the past weeks, investors have been looking for ways to cash out profits or transfer some of their wealth elsewhere. Lloyds Auctions, has spotted an opportunity to attract some of these funds, offering bidders the chance to pay with cryptocurrencies such as bitcoin (BTC) and ethereum (ETH).
Within hours of offering, Lloyds Auctions was able to sell a $75,000 custom-built caravan for crypto. The eager buyer said: “As a long-time patron of Lloyds I had no hesitation and couldn’t believe how simple it was for me to pay with cryptocurrency.”
Since the caravan sale, the auction house has been registering a growing interest from other crypto holders, especially towards its classic cars and earthmoving machinery auctions. Lloyds Auctions Chief Operations Officer, Lee Hames, commented:
“We have seen people using this as a way of divesting out of cryptocurrency and back into real life assets. As prices drop people are taking some profits off the table and transferring it to something like a classic car or bulldozer and putting it to work.”
Lloyds Auctions has also decided that blockchain is the best way to prove ownership of a set of negatives capturing moments in Australia’s history.
