Christie's offers $1 billion in luxury real estate to buyers paying with crypto: NYT
Quick Take
- Luxury brokerage Christie’s International Real Estate has launched a new division to handle property sales made with cryptocurrency, according to a New York Times report.
- The brokerage has already handled luxury property sales with cryptocurrency.
- The brokerage said $1 billion worth of luxury real estate is currently open to crypto-only offers from prospective buyers.
The owners of over $1 billion worth of luxury real estate are open to being paid in crypto, according to a New York Times report.
Brokerage Christie's International Real Estate, an independent firm that shares branding with the world-famous auction house, has opened a new division aiming to specifically facilitate luxury real estate purchases made with cryptocurrency rather than the traditional fiat.
Aaron Kirman, CEO of the Christie's branch in southern California, opened the division after being inspired by recent big-ticket crypto real estate sales, including a $65 million Beverly Hills property purchase made with crypto, the report states.
The division involved "a dedicated team of lawyers, analysts and crypto experts" to handle crypto payments without involving intermediary banks. Kirman said he has presided over deals where the seller did not know the buyer's identity, but lawyers hired by the seller verified with the buyer that the funds didn't come from illegal means.
Included in the portfolio is Invisible House, a property in Joshua Tree with a world-famous design featuring reflective walls that mirror the desert landscape.
Kirman estimated that within five years, crypto could account for more than one-third of all residential property sales in the United States, according to the Times.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
