[ad_1]
If you thought the NFT craze was about to go away, think again: a lot of 101 NFTs from Bored Ape Yacht Club just sold at Sotheby’s for $ 24.4 million. A second batch of 101 NFT Bored Ape Kennel Club sold for $ 1.8 million.
This places the sale of monkeys among the largest in the NFT space. A set of nine CryptoPunks – one of the first NFT projects – sold for $ 16.9 million in May. And Beeple sold a collage of his works as an NFT for $ 69 million in March. While it’s difficult to directly compare all of these sales (there are 101 items in today’s auction versus one in Beeple’s), the purchases show that the appetite for NFT art is not waning, and they suggest buyers believe there will be high resale value as the market continues to grow.
The two sales at Sotheby’s today come from Yuga Labs, the creator of Bored Ape Yacht Club, or BAYC, launched in April. The initial collection contained 10,000 monkeys, semi-randomly generated in unique arrangements of sailor hats, eye patches, bone necklaces, earrings and other accessories to dress them up. Monkey owners become members of the titular club, which is supposed to offer various perks (so far this has mostly been access to exclusive merchandise, bonus NFTs, and use of a board. graffiti online). Bored Ape Kennel Club is a series of NFTs for companion dogs that were then sent to monkey owners.
Generative NFT collections like this have taken off in recent months, with all kinds of copiers and twists thrown in to take advantage of the hype. After its debut, BAYC quickly became the second name in NFT collections, just behind CryptoPunks. The cheapest monkey now sells for around $ 149,000.
Meanwhile, century-old auction houses like Sotheby’s and Christie’s saw the (literal) value of promoting this new format for art and held a number of high-profile NFT auctions. Christie’s auction to feature BAYC later this month.
[ad_2]
