Sotheby’s, the renowned auction house, will test the staying power of Bored Ape Yacht Club NFTs with a curated auction on June 18, 2024.
The centerpiece of the upcoming ‘bidding war’ is a coveted Bored Ape Yacht Club with a distinguishing feature: solid gold fur.
This “relic of 2021,” as described by Sotheby’s head of NFTs, has a unique history. It was pgpreviously owned by Three Arrows Capital (3AC) – a now bankrupt crypto hedge fund with a significant art collection.
Source: X (statistics)Additional Yuga Labs treasures revealed
The auction lot continues. It includes other sought-after creations from Yuga Labs, such as two Mutant Apes with golden fur and a Bored Ape Kennel Club dog NFT.
While the broader Bored Ape market has undergone a price correction, NFTs with rare properties (such as gold fur) continue to retain significant value. The last gold-furred monkey sold for a whopping $933,000 in March.
Sotheby’s has a proven track record of success with high-profile NFT auctions. In 2023, they facilitated the $6.2 million sale of “The Goose,” another NFT artwork previously owned by 3AC.
Learn more: Sotheby’s ‘The Goose’ NFT sells for $6.2 million – NFT Plazas
This upcoming auction builds on that success story and offers collectors the opportunity to acquire a piece of Internet history intertwined with the world of fine art.
While Sotheby’s has not yet revealed the full details of the auction, one thing is certain: the sale will be closely watched by those interested in the intersection of NFTs and the traditional art market.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.