• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, May 28, 2022
CryptoMakers
ADVERTISEMENT
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
  • Trading
No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
  • Trading
No Result
View All Result
CryptoMakers
No Result
View All Result

Sotheby’s Bored Ape NFT Auction Attracts Nearly USD 20M In Bids

September 6, 2021
in Crypto News
Reading Time: 2min read
A A
0
Sotheby’s Bored Ape NFT Auction Attracts Nearly USD 20M In Bids
0
SHARES
2
VIEWS
ShareShareShareShareShare
One of the 101 Bored Apes. Source: sothebys.com

 

In another major non-fungible token (NFT) sale underway, New York-headquartered multinational corporation Sotheby’s is auctioning 107 Bored Ape Yacht Club (BAYC) and 101 Bored Ape Kennel Club (BAKC) NFTs developed by Yuga Labs. 

Bidding on BAYC tokens is set to close on September 9, 02:01 P.M. UTC, but the price offered for the Yacht Club collection has already exceeded the initial estimate of between USD 12m and USD 18m. As of September 6, 10:00 A.M. UTC, the current bid is USD 19m, with a total of 44 bids placed to date. 

For the Kennel Club collection, for which bidders can place offers until September 9, 02:02 pm UTC, the estimate of between USD 1.5m and USD 2m has not been met yet. A total of 36 bids have been submitted as of September 6, 10:00 A.M. UTC, with the highest bid totaling USD 550,000.

Yuga Labs’ flagship BAYC is a combination of a digital art collection and an online community to which each of the 10,000 minted NFTs “doubles as your membership to a swamp club for apes.” 

The NFTs were put up for sale by their developer this past April, priced at ETH 0.08 each. Since then, however, BAYC’s value has substantially increased, as indicated by the bids placed in the ongoing Sotheby’s auction.

Similarly to other trending NFT collections, BAYC has been boosted by the landmark March 2021 sale by British auction house Christie’s at which “EVERYDAYS: THE FIRST 5000 DAYS” by digital artist Beeple was sold for as much as USD 69.35m. The auction made Beeple one of the top three most valuable living artists, and his NFT the most expensive digital artwork to be ever sold. 

The NFT market has experienced a rollercoaster over the past year, and some of this summer’s major NFT auctions tested buyers’ price ceilings, revealing that artwork by a budding artist can fetch USD 2.16m, while source code by an acclaimed inventor can reach USD 5.4m.
____
Learn more: 
– When You Buy an NFT, You Don’t Completely Own It – Here’s Why 
– Top NFT Trading Strategies by Arthur Hayes 

– Fractionalized Doge NFT Hits Implied Valuation of USD 500M 
– 12-year-old NFT Whizz Rakes in USD 400K in Ethereum – and Wants to HODL it 

– A Top NFT Project Sees More Than USD 115M in Sales in One Week
– Facebook Eyes NFT Market, Warns of Chinese E-Pay Dominance 

Credit: Source link

ShareSendTweetPinShare
Previous Post

Bitcoin Consolidates, Ethereum Flat, XRP and LINK Rally

Next Post

Crypto Market Sentiment Almost Unchanged in a Week

Related Posts

Bitcoin (BTC) shows divergence from the U.S. stock market performance
Crypto News

Bitcoin (BTC) shows divergence from the U.S. stock market performance

May 27, 2022
This is how Cardano’s first DeFi app Liqwid Finance will work
Crypto News

Cardano founder says the project focuses on doing regulated business

May 27, 2022
Ethereum Q1 results prove a healthy ecosystem, and why this year is key
Crypto News

Snag in Ethereum merger upgrade results in ETH plummet

May 27, 2022
Australian government offers $5.6 Million AUD grant to two blockchain projects
Crypto News

JPMorgan conducts a pilot test for blockchain-based collateral settlements

May 27, 2022
World’s largest asset manager BlackRock debuts its first blockchain ETF
Crypto News

With Terra on its Knees, Buterin Slams DeFi Urging Greater Scrutiny

May 27, 2022
Next Post
Crypto Market Sentiment Almost Unchanged in a Week

Crypto Market Sentiment Almost Unchanged in a Week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Weekly Updates

Binance to Advise Kazakhstan on Crypto Regulations – Regulation Bitcoin News

Binance to Advise Kazakhstan on Crypto Regulations – Regulation Bitcoin News

May 27, 2022
Kazakhstan President Calls for Tax Increase on Crypto Mining: Report

Binance to Advise on Crypto Strategy as Kazakhstan Looks to Boost Industry

May 25, 2022
SEC’s request to disclose personal financial records denied

Ripple CEO Brad Garlinghouse meets world leaders to discuss blockchain and crypto transparency

May 25, 2022
Why Is South Korea Throwing Money at the Metaverse?

Why Is South Korea Throwing Money at the Metaverse?

May 25, 2022
Coinbase Explains Guidelines for Removing Accounts and Content

The Curious Case of Coinbase’s India Communications Strategy

May 27, 2022
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News

May 28, 2022
CryptoMakers

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

What’s New Here!

  • DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses – Market Updates Bitcoin News
  • NFT Art Museums Are a Good Idea
  • Dvision Network Announces Binance Custody as Its Custodian With DVI Token Supported – Press release Bitcoin News

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptomakers.co.uk - All rights reserved!

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
  • Trading

© 2021 cryptomakers.co.uk - All rights reserved!

  • EvedoEvedo(EVED)$0.082301-0.80%
  • SEENSEEN(SEEN)$2.05-2.27%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • StacyStacy(STACY)$0.0007100.00%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%