Leading Auction House Sotheby’s Auctions 107 Bored Ape Yacht Club NFTs for $2...

Leading Auction House Sotheby’s Auctions 107 Bored Ape Yacht Club NFTs for $2...

The British-founded American multinational corporation headquartered in New York City, Sotheby’s, closed the Yuga Labs “101 Bored Ape Yacht Club” non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed the expected settlement for the NFT lot which was estimated to be around $12-18 million. The ‘101 Bored Ape Yacht Club’ and ‘Mutant Serum’ NFT Collection Auctions for $24 Million NFT project the Bored Ape Yacht Club (BAYC) has been a popular non-fungible token....


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101 Bored Apes NFT auction at Sotheby's closes at more than $24M

Yuga Labs auctioned off collections of Bored Ape Yacht Club and Bored Ape Kennel Club NFT that generated $24 million and $1.83 million respectively. The auction of Yuga Labs’ 101 Bored Ape Yacht Club (BAYC) collection has smashed through expectations with a winning bid of $24.39 million. The auction closed on Sept.10 and was hosted by the prestigious auction house Sotheby’s which had earlier estimated the collection would fetch between $12 million and $18 million.The bundle of non-fungibles consists of 101 Bored Apes and three M1 and three M2 “Mutant serum” NFTs. When a Bored Ape token is....

NFT sales boom, but ownership is highly concentrated

There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.” Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8 billion in total sales as of Nov. 5, 2021. At the beginning of 2021, the collectible NFT market started with a total sales volume of $55.5 million. It has since ballooned to $5.6 billion. As reported by Reuters, total....

Bored Ape Yacht Club Land Sells Out in within hours

The Big Bang of NFTs and the Metaverse Although the concept of Non-Fungible Tokens (NFTs) was first coined in 2014 by digital artist Kevin McCoy, the popularity of NFTs exploded in 2021. Prestigious and well-established auction houses such as Sotheby’s and Christie’s contributed to the boom of NFTs when they started selling NFT art themselves. […]

Eminem Purchases Bored Ape Yacht Club #9055 for $452K, Shady’s Portfolio Hold...

Marshall Mathers, known professionally as Eminem has joined the community of bored apes by purchasing a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectible for 123.45 ethereum or $452K at the time of settlement. Slim Shady Purchases Bored Ape Yacht Club #9055 for $452K The Bored Ape Yacht Club (BAYC) NFTs have been very popular this year and the project saw more than $1 billion in volume worldwide, according to defillama.com metrics. Now Eminem has joined the BAYC bandwagon by purchasing BAYC #9055 for 123.45 ether on Thursday. The Detroit hip hop star shared the....

Paris Hilton and Pranksy collections featured by Sotheby's new NFT platform

The first auction on Sotheby’s Metaverse will go live on Oct. 18, with the auction featuring prominent collections such as Bored Ape Yacht Club, MoonCats and CryptoKitties. Prestigious auction house Sotheby’s has launched a new Metaverse themed NFT platform. The platform is dubbed “Sotheby’s Metaverse” and was announced alongside the “Natively Digital 1.2: The Collectors” (ND1.2) auction that will run between Oct. 18 and Oct. 26. The auction consists of 53 lots of tokenized art from the vaults of 19 curators. Welcome to Sotheby's Metaverse. https://t.co/hZvYIkO3xx....