One Hyde Park Penthouse vs. the 101-Carat Diamond: Which Is the Better Cryptocurrency Buy?

·4 min read

You can buy a lot with cryptocurrency nowadays—even a penthouse in London or a completely flawless diamond. If it sells for its $242 million asking, the One Hyde Park penthouse could become the most expensive piece of real estate bought via crypto. Meanwhile the Key 10138 gem has already set records, selling for $12.3 million at auction and becoming the priciest piece of jewelry purchased with digital currency. So which of these IRL assets is the best virtual spend?

One Hyde Park Penthouse

101-Carat Diamond

A.K.A

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A “temple to bad taste,” according to the Daily Mail, itself an exemplar of bad taste.

A.K.A

Key 10138 because it symbolizes the “unlocking of a new era in commerce and technology” per Sotheby’s, where it was auctioned. (A bit dramatic, perhaps.)

HOW MUCH IS IT WORTH IN BITCOIN?

$6,090 Billion

HOW MUCH IS IT WORTH IN BITCOIN

$310 Billion

VALUE-ADD

Access to an 80-person concierge team at the adjacent Mandarin Oriental.

VALUE-ADD

Just documentation that the gem’s qualities are genuine.

VALUE (IN ARTWORKS)

About 3.5 Everydays artworks by Beeple, an NFT that sold for $69 million in cryptocurrency.

<img loading="lazy" class="size-medium wp-image-1234636398" src="https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?w=300&quot; alt="Everydays artworks by Beeple. - Credit: Sotheby's" width="300" height="169" srcset="https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg 1000w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=150,84 150w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=300,169 300w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=768,432 768w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=660,371 660w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=980,551 980w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=640,360 640w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=320,180 320w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=480,270 480w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=960,540 960w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=230,129 230w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=184,103 184w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=170,96 170w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=600,338 600w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=125,70 125w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=110,62 110w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=285,160 285w, https://robbreport.com/wp-content/uploads/2021/09/Beeple.jpg?resize=800,450 800w" sizes="(max-width: 300px) 100vw, 300px" />Sotheby's

VALUE (IN ARTWORKS)

Roughly one Love is in the Air by Banksy, which fetched $12.9 million in cryptocurrency.

Presentation of the exhibition ‘Banksy. The Street is a Canvas’. - Credit: Marta Fernández Jara

Marta Fernández Jara

SUPERLATIVE

Most likely to host parties that could put the Great Gatsby to shame.

SUPERLATIVE

Most likely to end up in a high-security, subterranean safe and never be heard from again.

BIG SECRET

Available via whisper listing, it has no official web presence.

BIG SECRET

Its owner is an “unidentified private collector,” until it shows up on someone’s ring finger.

AFFILIATED WITH

Property developer Nick Candy at the moment, who, with his brother, owns yachts called Candyscape and Candyscape II, plus another boat named (wait for it…) Catch Me If You Candy.

Nick Candy of Candy London. - Credit: Ian West/AP

Ian West/AP

AFFILIATED WITH

The Sotheby’s listing likens it to the Cullinan I, the most famous diamond in the world, which is currently residing in the Imperial Sceptre of Great Britain.

The Cullinan I diamond. - Credit: Sotheby's

Sotheby's

SPARKLY DETAILS

A giant dangling crystal artwork thrown in gratis.

SPARKLY DETAILS

Enough facets to start a fire.

BUY IT AND YOU CAN

Pop bottles in the property’s hidden Champagne room. If you can find it.

BUY IT AND YOU CAN

Embed it in your forehead like rapper Lil Uzi Vert, who once had a $24 million pink diamond surgically placed in his face.

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