Home arrow Article arrow Article Detail

104 NFTs to be sold at Sotheby's CryptoPunks auction

Profile Image

Pavan A Follow


Feb, 11 2022

Feb, 11 2022

likes | comments 0

Article Image


Sotheby's has continued to offer a lot of 104 CryptoPunks, a highly valuable non-fungible token. The auction house announced that it will auction CryptoPunks on Feb. 23 as part of one lot. An individual lot is expected to sell for USD 20-30 million.


The auction house tweeted, "CrytoPunks get the Sotheby’s treatment. Our next #SothebysMetaverse sale ‘Punk It! 104 CyrptoPunks. 1 Lot.’ Will be a landmark live evening auction on February 23. A truly historic sale for an undeniably historic NFT project.”


Following a live exhibition of the iconic NFTs scheduled to begin on 18 February and conclude on 23 February, the auction, "Punk It!" will be held at the live exhibition.


From 18 February through 23 February, a live exhibition of all six iconic NFTs will be followed by the auction, titled "Punk It!". 


The auction house said all 104 CryptoPunks came from a single wallet. This makes the collection unique because it is one of the largest collections from a single wallet.


In addition to fiat currencies, Sotheby's has extended the facility for winning bidders to use cryptocurrencies, such as Ether, Bitcoin, and USD Coin.


In addition, Sotheby's will hold a live panel discussion before the auction, focusing on the history of NFTs and CryptoPunks, considering their immense popularity among celebrities.


CryptoPunk exhibition is set to take place at Sotheby's galleries in New York. The exhibit will also be held in virtual form at Sotheby's headquarters in Decentraland. 


At the Sotheby's auction house in June 2021, CryptoPunk #7523 sold for USD 11.75 million, the highest price a CryptoPunk ever fetched.


What are CryptoPunks?

Developed by Larva Labs in 2017, CryptoPunks are pixelated portraits of punk rock cartoonish faces. There are 10,000 of them, each unique due to its own combination of attributes. CryptoPunks rank as one of the most well-known NFT collections and individual tokens of all time.


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst


Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
Nasdaq to Launch Crypto Custody Services by End of Q2

According to a story that was published on Friday by Bloomberg, Nasdaq (NDAQ) is planning to launch its cryptocurrency custody services by the end of the second quarter..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.