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.