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    Sotheby’s Will Sell CryptoPunks NFTs

    Sotheby's auction will sell crypto punks NFTs

    On February 23, the New York auction house Sotheby’s will put up for sale 104 CryptoPunks. The estimated value of these non-fungible tokens ranges from $20 million to $30 million. The auction will start at 19:00 local time.

    According to the head of the digital art direction of the auction house, the upcoming auction is of historical significance and is unique in the sense that it is dedicated exclusively to CryptoPunks.

    A set of tokens intended for sale was once acquired by an anonymous collector "0x650d".

    CryptoPunks, released in 2017 by Larva Labs, now has a minimum price of $210,374 per token.

    During the Sotheby’s auction, fiat currencies, ETH and BTC will be used as settlement funds. All tokens will be combined into a single lot. The sale will take place at Sotheby's Metaverse. Auction participants will also have dinner and a musical party.

    The upcoming auction is not the first time Sotheby’s has put up digital collectibles for sale.

    In September 2021, the auction house sold a set from the Bored Ape Yacht Club collection for $24.4 million. In October 2021, it launched a non-fungible token trading platform called Sotheby’s Metaverse.

    Largely due to the fact that in 2021 Sotheby’s sold $ 100 million worth of non-fungible tokens, in the last year's report, the platform described the results of its activities as the most successful in all 277 years of the company’s existence.

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