9 CryptoPunks Sell For $ 17 Million At Christie’s Auction House
Despite the cooling off of the recent NFT frenzy, prized non-fungible tokens with historical significance still fetch prices in the millions of dollars.
Famous New York-based auction house Christie’s tweeted on Wednesday that an auction of nine pioneer NFT CryptoPunks tokens had been cleared for nearly $ 17 million combined.
Although tokens run into the millions, some Twitter users have speculated that the winning bidder got a good deal.
I thought they would go for more me too.
– VeryBadAcid (@acid_very) May 12, 2021
CryptoPunks were launched by LarvaLabs in 2017 and were limited to 10,000 tokens in total. NFTs represent randomly generated pixelated portraits, with unique features inspired by the London punk movement, such as hairstyles, jewelry and sunglasses.
Ahead of the auction, Christie’s partnered with urban art and non-profit promoter SaveArtSpace to display CryptoPunks in public spaces in New York City. The public exhibit, dubbed Pixelated, features 193 CryptoPunks from May 10 to June 6 and expands on a similar public exhibit of CryptoPunks held in Miami in April.
Join the Punk Hunt! We have teamed up with @saveartspace to present Pixelated, a month-long New York City public art exhibit on the CryptoPunks of Larva Labs.
– Christie’s (@ChristiesInc) May 10, 2021
Adult streaming platform CamSoda is also hopping on the CryptoPunk bandwagon, announcing that it will host an unconditional live auction of CryptoPunk # 7060 on Thursday. Auction participants must deposit the total amount of at least 1 USD of crypto assets in their CamSoda account to participate.
CamSoda Vice President Daryn Parker said, “Right now we are in the middle of an NFT Gold Rush. NFTs are the most popular crypto investment space yet in 2021, with millions of transactions and rare collectibles like CryptoPunks selling for huge sums of money.
“Considering how the CryptoPunks captured the traditional crypto zeitgeist, we wanted to make one easily accessible to our users,” he added.
In February, Christie’s auctioned famous digital artist Beeple’s NFT artwork “Everyday: The First 5,000 Days” for more than $ 69 million.