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Sotheby’s to auction over 100 CryptoPunk NFTs

Key Takeaways Sotheby’s has announced that it will auction many of 104 CryptoPunks NFTs expected to raise up to $30 million. The sale is titled “Punk It!” and takes place between February 18 and 23; it will also feature other live events. Sotheby’s and its competitor Christie’s have previously sold several CryptoPunks and other NFTs at auction. Share this article Sotheby’s will be auctioning 104 CryptoPunks in an upcoming sale, according to an announcement from the auction house. Collection Could Be Worth $30 Million Upcoming Sale Is Titled “Punk It!” and will be part of Sotheby’s “Metaverse,” a series of NFT sales that began last October. The lot of 104 tokens is expected to sell for between $20 million and $30 million, according to various estimates. The tokens were reportedly acquired by an anonymous collector in July 2021. The sizable collection represents approximately 1% of CryptoPunks’ total supply, which contains 10,000 tokens. Although the original buyer bought the collection in an Ethereum transaction last year, Sotheby’s will likely allow the successful bidder to pay with cash or crypto, as in previous NFT auctions. 18 and 23. The exhibit will also feature a VIP dinner and DJ party, among other live events.CryptoPunks Dominate NFT AuctionsSotheby’s previously sold a CryptoPunk in June 2021 for $11.75 million as part of its “Natively Digital” -collection. It also sold five hand-signed prints of CryptoPunks NFTs in July 2021. Its competitor, Christie’s, has also sold CryptoPunks in several sales over the past year. In May 2021, it sold a collection of nine CryptoPunks for $17 million. It also sold another batch of CryptoPunks in September. The CryptoPunks series was launched in 2017 and is one of the oldest NFT collections on Ethereum. Sotheby’s Digital Art Co-Head Michael Bouhanna Has Called CryptoPunks “The Original” [profile pic] series that created the template for other NFT projects that followed.” Notable Twitter users who own CryptoPunks or have used them as their avatars include music artists Jay-Z and Snoop Dogg. Even Visa has bought a CryptoPunk for its collection. Disclosure: At the time of writing, the author of this piece owned ETH and other cryptocurrencies. Share this article The information on or accessible through this website was obtained from independent sources believed to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not provide personal investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may be out of date, or may be incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete or inaccurate information. You should never make an investment decision about an ICO, IEO or other investment based on the information on this website, and you should never interpret or otherwise rely on the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO or other investment. We do not accept compensation in any form for analyzing or reporting ICOs, IEOs, cryptocurrency, currencies, tokenized sales, securities or commodities. See full terms and conditions. Bored Ape Yacht Club NFT Prices Get CryptoPunks at Bored Ape Yacht Club is arguably Ethereum’s most coveted NFT collection today. Bored Ape Yacht Club Overtakes CryptoPunks Floor Prices for Ethereum’s Most Popular Monkeys Are Catching Up… A Guide To Yield Farming, Staking & Liquidity Mining Yield farming is arguably the most popular way to earn returns on crypto assets. Essentially, you can earn passive income by depositing crypto into a liquidity pool. You can think of this liquidity… Bitcoin and Ethereum are struggling, but NFT avatars are not NFTs that have become a hot item in recent weeks. Bottom prices for existing blue chip NFT projects have exploded and the value of new entrants is rising rapidly to match them. … Treasury weighs on NFTs and art crime Wikipedia may not consider NFTs art, but the US Treasury apparently does, and it has observed their role in art-related crime. Treasury warns against money laundering US…
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