NFTs
Sotheby’s will put Golden Bored Apes up for auction
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 the highly coveted Bored Ape Yacht Club with one distinctive feature – solid gold skin.
This “relic of 2021,” as described by Sotheby’s head of NFTs, has a unique story. It was previously 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. Includes other highly sought-after creations from Yuga Labs, such as two golden-furred Mutant Monkeys and an NFT dog from the Bored Ape Kennel Club.
Although the broader Bored Ape market has experienced a price correction, NFTs with rare traits (like golden skins) continue to have significant value. The last monkey with golden fur sold for a staggering $933,000 in March.
Sotheby’s has a proven track record of success with high-profile NFT auctions. In 2023, they facilitated the sale of “The Goose” for $6.2 million, another NFT artwork previously owned by 3AC.
To know more: Sotheby’s ‘The Goose’ NFT Raises $6.2 Million – NFT Plazas
This upcoming auction builds on that success story, offering collectors the opportunity to acquire a piece of Internet history intertwined with the world of fine art.
Although Sotheby’s has not yet revealed all the 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 material only. Individuals are required to thoroughly research any product before making any type of investment.