101 NFTs Bored Ape auctioned for over $24 million at Sotheby's

Bored Ape NFTs at Sotheby’s

On its Twitter account, auction house Sotheby’s posted that the sale of Bored Ape Yatch Club (BAYC) non-fungible tokens (NFTs) closed at $24.39 million.

The sale included a lot of 101 NFTs depicting monkeys with rare properties: some in solid gold, some with fur, and some with unshaven faces.

The BAYC NFTs collection was created by the startup Yuga Labs. The startup generated 10,000 NFTs randomly with a starting price of 0.08 Ether (ETH). Currently, these NFTs are trading on the OpenSea platform with a floor price of 33 Ether.

The Bored Ape have been a huge success and this craze was reflected at the auction organized by Sotheby’s. Indeed, the last bid of the auction closed at more than 6 million dollars compared to the initial estimate of around 18 million dollars.

The NFT craze continues

The summer period was very active for NFTs. In addition to the example of this historic sale at Sotheby’s, its competitor Christie’s should soon follow suit.

Indeed, the famous London house will be holding an auction on the Asian market in mid-September that will feature CryptoPunks, Meebits, and Bored Ape Yacht Club.

Finally, the craze has been accentuated by the purchase of CryptoPunk 7610 by payment giant Visa for 50 ETH, or nearly $150,000. The company remains confident that NFTs will make an impact in the future.

Check out – Bored Ape Yacht Club – $96 million worth of mutant monkey NFTs sold in one hour

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About the author: Anthony Bassetto

101 NFTs Bored Ape auctioned for over $24 million at Sotheby's