Sotheby’s to Auction Items from CryptoPunks Collection

Sotheby’s will auction a set of 104 non-fungible tokens (NFTs) from the CryptoPunks collection.

Bidding will take place on February 23 in the format of a “live” auction in New York.

Participants will also attend a VIP Punk dinner and a party with DJ Seedphrase.

In 2017, the Larva Labs team launched the CryptoPunks project with 10,000 24×24 pixel NFT images. Initially, many non-fungible tokens from this collection were distributed for free.

In September 2021, Sotheby’s sold a set of 107 NFTs from Yuga Labs’ Bored Ape Yacht Club collection for a total of $24.4 million. The final price climbed well over the maximum estimated price of $18 million.

In December 2021, an unknown person purchased a rare non-fungible token #4156 CryptoPunks for 2500 ETH (~$10.26 million at the time of the transaction).

In January 2022, crypto payment infrastructure provider MoonPay bought NFT #2681 from the same collection for 900 ETH (about $2.9 million).

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