The world’s leading collector car auction house, RM Sotheby’s, hosts a crypto-based auction for the legendary 1989 Ferrari 640, driven by Nigel Mansell for Scuderia Ferrari in the 1989 F1 season.
According to the press release, the auction raised EUR3.6 million using Himalaya Dollar (HDO), a stable coin listed on the Himalaya Exchange.
Himalaya Exchange offers a unique cryptocurrency ecosystem that integrates the cryptocurrency exchange with a native trading coin ‘HCN’ and a stable coin ‘HDO’.
Nigel Mansell drove the legendary Ferrari 640 for Scuderia Ferrari in the 1989 Formula One season. He also won the Brazilian and Hungarian Grand Prix races with the car.
The supercar is also the first Ferrari F1 car with a semi-automatic gearbox. The car even earned the Italian race team 3rd in the 1989 World Constructors’ Championship.
Mansell has owned and kept the car in his personal collection since 1989, as the car has not been driven since its last Grand Prix appearance.
According to the 278-year-old auction house, this is the first time in history that a Works driver has auctioned off his own Grand Prix Ferrari.
“The sale of the 1989 Ferrari 640 from Nigel Mansell’s personal collection reflects how cryptocurrency is going mainstream,” the press release reads.
William Je, Founder of Himalaya Exchange,stated “I am extremely pleased that the buyer decided to purchase this world-class car using HDO. Despite the cryptocurrency market’s recent dip, HDO has constantly remained stable with the US Dollar 1:1 without fluctuation. Impressively, this makes HDO the only stable coin in the world to maintain 100% during this time-period of uncertainty.”
Bryon Madsen, President and Chief Strategy Officer of RM Sotheby’s, stated “HDO has gained the trust of RM Sotheby’s. The exchange of HDO into the relevant currency was seamless. The Executives and staff at the Himalaya Exchange acted with the utmost professionalism.”
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