Sotheby’s is selling 104 CryptoPunks NFTs at an auction titled Punk it!. One collector purchased the NFTs in July 2021. They make up about 1% of the legendary 10,000-piece collection.
The ‘Punk It!!’ sale will take place as part of Sotheby’s Metaverse NFT series. It will be held between February 18th through 23rd and will include other live events such as a VIP dinner or a party with live DJ. If Sotheby’s follows their previous auction policies, anyone interested in pieces of the NFT lot can make bids using crypto or cash.
If all 104 CryptoPunks sell successfully , a sum of $20-30,000,000 is expected to be generated . This is reasonable considering the collection’s status as the original profile photo NFT series.
Sotheyby’s previously sold one CryptoPunk at an auction in June 2021 for $11.75million. Christie’s Auction House has also sold notable CryptoPunks in the past. They have sold a collection consisting of nine Punks for $17 million back in May 2021 and another collection consisting of 14 Punks for $12 million later in September.