Christie’s to Auction Off a Set of CryptoPunk NFTs
- Christie’s estimates the value of the rate set between $7 million and $9 million.
- The set will be auctioned off at the 21st Century Evening Sale on 13 May, in New York.
Christie’s in Brussels, Belgium, 13 December 2018. Shutterstock
According to Christie’s announcement, the estimated value of the set of 9 NFTs is between $7 million and $9 million, with the set being part of a series of 10,000 NFTs inspired by the 1970s London punk scene.
“Taken together, the set represents both the rarest possible CryptoPunks and highlights from the variety of attributes that are the signature of the project,” CryptoPunk founders Matt Hall and John Watkinson said in a statement.
In the past year, over 8,000 sales of CryptoPunks have been recorded, reaching a total value of over $251 million, Business Insider reported. The average sale amounted to around $30,500, but some individual CryptoPunks sold for much higher.
The auction will take place during the 21st Century Evening Sale on 13 May in New York. Christie’s will accept bids and payments in ether (ETH).
Last month, the legendary auction house sold Beeple’s digital collage, comprised of 5,000 unique images created over 14 years, for over $69 million. Beeple’s NFT, titled “Everydays: The First 5000 Days,” was the first digital art piece created exclusively for Christie’s, which sold its first NFT artwork in October 2020.
- Visa purchased CryptoPunk 7610, one of the 3,840 “female” CryptoPunk NFT’s, on 19 August for 49.5 ETH.
- The purchase will not only let Visa better understand the growing NFT market, but also support the creators, collectors, and artists developing this nascent digital asset.
Shutterstock
- With its price tag of $69.3 million, “Everydays: The First 5000 Days” has put Beeple among the three most expensive living artists.
- The NFT was the first digital art piece to be created exclusively for the 255 years old Christie auction house.