Author: Gan Jia Ci
Co-founder and chairman of Hilton & Hyland Richard Howard “Rick” Hilton has recently just announced the sale of the historic Palazzetto mansion in Rome through a cryptocurrency auction. More famously known as Paris Hilton’s father, Richard Hilton will be conducting the sale of the 16th century Roman mansion on blockchain.
Built in the centre of Rome, the mansion was designed by the famous architect Giacomo Della Porta. The historic landmark comprises of 11 bedrooms and 15 bathrooms and will be listed by Propy.com, a global real estate store that recently launched a pilot blockchain solution for property transactions in March.
The extravagant mansion that holds three kitchens, a movie theatre, gym and spa facilities will go to one sole winner of the auction. Not only that, the building is linked to the Palazzo Grande, also known as the Palazzo Albertoni Spinola.
Hilton partnered up with Propy to help their clients, the former owners of the mansion, seek out new potential landowners of the grandiose mansion. The auction will commence on 28 June, 3PM (ET) and registration closes on 27 June. Bidders will be able to make offers via U.S dollars or cryptocurrencies on the Propy platform.
Rick Hilton expressed his opinion on the upcoming property auction,
“The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset.”
With an estimated price of $38 million, this auction marks the Palazzetto as the world’s most expensive real estate property to be sold in a cryptocurrency sale and the most lavish property listed on Propy.
The Hilton family is no stranger to blockchain. In May 2018, Rick Hilton was appointed as senior advisor for AQUA Intelligence, a data-driven platform powered by blockchain which allows users to monetise and validate their personal data. Last September, Paris Hilton herself posted a tweet promoting Gravity4’s token, Lydian. However, she took it down after news of the CEO being involved in legal issues broke out.
Shortly after China’s nationwide ICO ban, Paris Hilton ardently tweeted a link to an article titled “The Paris Coin Got It Right”, in which the author complimented her for choosing a token that was not a security.