Bored Ape Yacht Club NFT sells for a record $ 2.9 million, beating recent SoTheBy auction

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Bored Ape Yacht Club NFT or Non-Fungible Token sold for 740 Ethereum or around $ 2.9 million at The Sandbox, making it the highest price for the popular digital collectible.

(Photo: from Bored Ape Yacht Club NFT website)
Bored Ape Yacht Club NFT sold for a record $ 2.9 million in The Sandbox, beating SoTheBy’s price of $ 2.2 million in a recent auction.

On top of that, the new record also swept away Sotheby’s recent auction price for Bored Ape # 7090, which was one of the most coveted monkeys due to its rare solid gold fur, according to NFTPlazas.

The unique monkey was sold by one of the major auction houses to an NFT collector called Robistravelling for 600 ETH or $ 2.2 million.

Bored Ape Yacht Club NFT sells for $ 2.9 million

The Sandbox bought Bored Ape # 3749 with the highest price ever for the collective.

The company got its Bored Ape Yacht Club collectible from the Booth Brothers, consisting of Andy Booth and James Booth.

It should be noted that the Booth brothers are known to be risky investors, preying on digital collections that end up with high prices.

Andy and James Booth had previously purchased Bored Ape # 3749 for just 400 Ethereum. As such, the Booth Brothers were able to keep a profit of $ 1.5 million from their last sales.

Additionally, The Sandbox is already home to other Bored Apes collections, such as Mutant Bored Apes and Bored Ape Kennel Club NFT.

Bored Ape Yacht Club NFT and Sotheby’s

According to Yahoo News, Sotheby’s auction of 107 Bored Ape Yacht Club and 101 Bored Ape Kennel Club NFT is estimated at $ 12-18 million.

However, this prediction is still considered an underestimate by some as both collections gain popularity. Proof of this is its recent record-breaking sale at The Sandbox, surpassing what the auction has achieved so far.

During this time, CryptoNews reported that as of September 6, the total value of bids had already exceeded previous forecast at $ 19 million with a total of 44 bids.

It should be added that the Sotheby’s auction will end on September 9. Buyers of NFT Bored Ape are required to use crypto to pay for them, including Ethereum, Bitcoin, and USDC. In addition, the sale will be done through Coinbase.

Read also: NFT Games Yield Farming for ‘Axie Infinity’ and more | How are the players paid? Lessons from Elk Academy

Bored Monkeys Yacht Club NFT

The Bored Ape Yacht Club or BAYC is a massive collection of NFTs, totaling around 10,000 unique pieces.

Similar to CryptoPunks, the NFT Bored Ape has become a popular “blue-chip” collection that has caught the attention of iconic figures, such as Stephen Curry and Kevin Durant.

Elsewhere, another NFT collectible is making headlines after selling for over a million as well. This time, a JPEG illustration of a rocket called EtherRock recently sold for 1.3 million.

Related Article: VISA Buys CryptoPunk NFT For $ 150,000 Via Ethereum, With The Purpose Of Investing In Digital Currency

This article is the property of Tech Times

Written by Teejay Boris

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