Paris Hilton’s Father to Auction Property Through Crypto

Paris Hilton’s Father to Auction Property Through Crypto

C-Buzz
Jun 25, 2018 by Muray Peter
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The chairman of Hilton and Hyland and the family namesake of the Hilton Hotels, Rick Hilton, has put a $38 million dollars worth of mansion on auction. Rick Hilton, the father of the famous television personality, Paris Hilton,  has put his mansion on sale through a cryptocurrency auction. The property is known as the Palazzetto,
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The chairman of Hilton and Hyland and the family namesake of the Hilton Hotels, Rick Hilton, has put a $38 million dollars worth of mansion on auction. Rick Hilton, the father of the famous television personality, Paris Hilton,  has put his mansion on sale through a cryptocurrency auction.

The property is known as the Palazzetto, and is a 17,363 square feet mansion, having 11 bedrooms, 15 bathrooms, and three full-sized kitchens. The mansion is valued at $38 million and will be auctioned on 28th of June.

The Palazzetto will become the most expensive property ever purchased through crypto, surpassing the Miami estate sold for 455 Bitcoins, approximately $6 millions. This estate was sold back in February, 2018.

Hilton’s estate will be sold on Propy, an international store for real estate. Propy is currently operating in San Francisco, London, Beijing, and Dubai.

In addition to being partners with Propy, Rick is the senior advisor of AQUA Intelligence, presently involved in the pre-sale of its AQX tokens until 30th June and aims to disrupt the hospitality industry.

Rick Hilton’s relationship with the two companies clearly demonstrates his optimism for cryptocurrencies. His daughter, Paris Hilton, also briefly endorsed LydianCoin, is a reality TV star and a famous socialite. It is yet to be known if Paris will join her father and re-enter the cryptocurrency scene.

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