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Christie’s Auction House Hosts Sale Of 9 CryptoPunks NFTs For $17 Million

Christie’s, the auction house, has hosted the sale of nine CryptoPunks NFTs for $17 million.

It has been reported that Christie’s tweeted that an auction for nine tokens from pioneering NFT CryptoPunks had cleared for nearly $17 million combined.

#AuctionUpdate 9 rare CryptoPunks from Larva Labs' own collection makes history realizing $16,962,500 — Christie's (@ChristiesInc) May 12, 2021

However, some Twitter users speculated that the winning bidder scored a bargain, despite the tokens fetching millions.   

The buyer got them for a steal — William ◑ (@WakingCosmos) May 12, 2021

The report said that CryptoPunks were launched by Larva Labs in 2017 and were limited to 10,000 tokens in total. The NFTs depict 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 teamed up with nonprofit and urban art proponent SaveArtSpace to display CryptoPunks in public spaces in New York. 

Seventeen million dollars! NFTs are on the rise as Christie’s, the famous New York auction house just sold 9 CryptoPunks for $17M. — Cointelegraph (@Cointelegraph) May 12, 2021

The public exhibition, named Pixelated, is showcasing 193 CryptoPunks from May 10 until June 6 and expands a similar public exhibition of CryptoPunks held in Miami during April. 

Likewise, CamSoda, the adult streaming platform, is also jumping on the CryptoPunk bandwagon, announcing that it was planning to host a LIVE no-reserve auction of CryptoPunk #7060 on Thursday (May 13).

It said:

“Auction attendees must deposit the grand total of at least $1 worth of crypto assets into their CamSoda account to participate.”

Daryn Parker, the Vice President of CamSoda, said:

“Right now we are in the midst of a NFT gold rush. NFTs are crypto’s hottest investment space so far in 2021, with millions in trades and rare collectibles like CryptoPunks selling for huge sums. Given how CryptoPunks have captured the mainstream crypto zeitgeist, we wanted to make one easily accessible to our users.”

Thus, in February, Christie’s auctioned famed digital artist Beeple’s “Everydays: The First 5000 Days” NFT artwork for more than $69 million.

Source: Cointelegraph | Image: Style Blueprint

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