9 CryptoPunks Sell For $ 17 Million At Christie’s Auction House
Despite the cooling off of the recent NFT frenzy, treasured non-fungible tokens of historical significance still sell for multi-million dollar prices.
Famous New York-based auction house Christie’s tweeted on Wednesday that an auction of nine tokens from pioneer NFT CryptoPunks had closed for nearly $ 17 million combined.
Despite the millions of tokens, some Twitter users 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 promoter and non-profit 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 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-wide public art exhibit on CryptoPunks at 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 unqualified live auction of CryptoPunk # 7060 on Thursday. Auction participants must deposit the grand total of at least $ 1 of crypto assets into 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 hottest crypto investment space so far in 2021, with millions of transactions and rare collectibles like CryptoPunks selling for huge sums of money.
“Considering how CryptoPunks captured the mainstream crypto zeitgeist, we wanted to make one easily accessible to our users,” he added.
In February, Christie’s auctioned the NFT artwork “Everydays: The First 5000 Days” by renowned digital artist Beeple for more than $ 69 million.