Seller 'rugs' $30M CryptoPunks collection minutes before Sotheby’s auction
After pulling out of $30 million Sotheby’s auction just minutes before it was set to go live, the anonymous NFT collector made fun of the luxury art auction house on Twitter. NFT enthusiasts and fine art collectors have been left confused, after an auction for a collection of 104 CryptoPunks estimated to be worth around $30 million was canceled at the last-minute.The event, hosted by famous fine-goods auctioneer Sotheby’s, was on track to be one of the largest NFT auctions in history — up until the pseudonymous owner of the ‘Punk It!’ collection suddenly withdrew from the auction. The....
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z“Nvm, decided to hodl.” Sotheby’s cancelled a much-anticipated auction for a collection of 104 CryptoPunk NFTs when the vendor backed out at the last minute. Collector Pulls Out On Wednesday, the auction, which was first publicized on February 8, was predicted to bring in a stunning $30 million. It was billed as “the highest-profile NFT […]
On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to $30 million in USD value, according to Sotheby’s.
Sotheby’s ‘Punk It!’ Auction to Sell 104 Cryptopunks
The luxury auction house Sotheby’s plans to auction 104 Cryptopunks on February 23, according to an announcement from the company’s official....
“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk.In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London salesroom for roughly $11.8 million. According to the auction house, this sale represents a new world record for a single CryptoPunk artwork.CryptoPunks, which predate the bulk of the nonfungible token (NFT) craze in 2021, are often small, pixelated depictions of people, apes,....
On February 8, the multinational luxury auction company Sotheby’s announced the firm would be auctioning 104 Cryptopunk non-fungible token (NFT) collectibles, but before the event started Sotheby’s canceled the event. It seems “0x650d,” the owner of the Cryptopunks NFTs, decided to keep the assets that were estimated to fetch around $20 to $30 million at auction.
Cryptopunks Owner Decides to Keep 104 NFTs, Sotheby’s Forced to Cancel ‘Punk It’ Auction
The luxury auction house had to cancel an NFT auction dubbed “Punk....
Are the CryptoPunks V1 the original CryptoPunks? Technically, yes. According to LarvaLabs, the company behind the collection, the V1s “are not official Cryptopunks,” though. How will the market react now that they’re making a resurgence? This might be the first, but it’s not the last time you’ll hear about the CryptoPunks V1. Let’s explore their history and the controversy around them. Related Reading | Snoop Dogg Joins The Bored Ape Yacht Club And The Sandbox. Read All About It What Are The CryptoPunks V1? Back in 2017, prehistory for the NFT market, LarvaLabs distributed 10.000....