{"id":11980,"date":"2021-09-10T23:54:06","date_gmt":"2021-09-10T23:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/leading-auction-house-sothebys-auctions-107-bored-ape-yacht-club-nfts-for-24-million\/"},"modified":"2021-09-10T23:54:06","modified_gmt":"2021-09-10T23:54:06","slug":"leading-auction-house-sothebys-auctions-107-bored-ape-yacht-club-nfts-for-24-million","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/leading-auction-house-sothebys-auctions-107-bored-ape-yacht-club-nfts-for-24-million\/","title":{"rendered":"Leading Auction House Sotheby\u2019s Auctions 107 Bored Ape Yacht Club NFTs for $24 Million"},"content":{"rendered":"

The British-founded American multinational corporation headquartered in New York City, Sotheby\u2019s, closed the Yuga Labs \u201c101 Bored Ape Yacht Club\u201d non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed the expected settlement for the NFT lot which was estimated to be around $12-18 million.<\/strong><\/p>\n

The \u2018101 Bored Ape Yacht Club\u2019 and \u2018Mutant Serum\u2019 NFT Collection Auctions for $24 Million<\/h2>\n

NFT project the Bored Ape Yacht Club (BAYC)<\/a> has been a popular non-fungible token collection since the project\u2019s inception. Many of the NFTs have sold for hundreds of thousands of dollars for a single BAYC NFT. There are approximately 10,000 BAYC NFTs in the original collection and 5,423 unique ethereum addresses own at least one BAYC NFT. Onchain statistics<\/a> show one address owns approximately 105 Bored Ape Yacht Club units and data shows the collection is the fourth largest in seven-day sales this week.<\/p>\n<\/p>\n

Dappradar.com stats<\/a> indicate that the BAYC collection has seen $44.82 million in sales this week which is down 64% since last week. This week saw 368 BAYC NFT traders, which is around 58% lower than the number of traders the week prior. The $44 million worth of BAYC NFT settlements stemmed from 259 sales this past week. In addition to the BAYC sales on NFT marketplaces, Sotheby\u2019s sold 101 BAYC NFTs for $24.3 million<\/a>.<\/p>\n

The lot of 101 BAYC NFTs contained a total of three M1 \u201cmutant serum\u201d NFTs and another three M2 \u201cmutant serum\u201d NFTs. The BAYC NFT collection owner can leverage the M1 and M2 pieces to issue Mutant Ape Yacht Club (MAYC) NFTs. That specific collection (MAYC) is the 11th largest in terms of weekly sales. Metrics show the last seven days saw $24.54 million in MAYC sales between 1,642 traders and across 1,177 sales.<\/p>\n

<\/p>\n

Sotheby\u2019s Knee-Deep in Crypto, Auction Raises BAYC NFT Floor Price Value<\/h2>\n

The leading auction house Sotheby\u2019s has been competing with Christie\u2019s auction house when it comes to non-fungible token (NFT) collection auctions. Of course, Christie\u2019s helped sell the most expensive NFT to date when Beeple auctioned his NFT for $69 million. However, Sotheby\u2019s is no stranger to crypto and blockchain solutions as it recently revealed<\/a> an auction for a rare diamond and accepted digital assets for payment.<\/p>\n<\/p>\n

Sotheby\u2019s sold a single Cryptopunk for $12 million<\/a> in June, and the month prior the auction house said it was teaming up<\/a> with Coinbase to accept crypto assets for physical art sales. Sotheby\u2019s first joined the NFT fray<\/a> in March when it partnered with a mysterious and popular artist called \u201cPak.\u201d Sotheby\u2019s auction also increased the floor price value ($130K per BAYC via Opensea) of a BAYC, at least by the auction\u2019s settlement metrics, to $235K per BAYC.<\/p>\n

In addition to Christie\u2019s and Sotheby\u2019s, the popular Asian auction house Phillips has stepped into the cryptocurrency world. During the first week of May, Phillips Auction House revealed<\/a> it was accepting crypto assets for a physical art auction, which featured the popular and anonymous street artist Bansky.<\/p>\n

What do you think about the results of the Sotheby\u2019s BAYC NFT collection auction? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, BAYC, BAYC auction, Blockchain solutions, Bored Ape Yacht Club, Bored Apes, Christie’s, crypto asset acceptance, floor price, MAYC, nft, NFT collections, NFT sales, NFTs, Non-fungible tokens, Phillips, Sotheby’s BAYC auction, Sotheby’s NFT auction, Sotheby\u2019s, Sotheby\u2019s Auction<\/p>\n","protected":false},"excerpt":{"rendered":"

The British-founded American multinational corporation headquartered in New York City, Sotheby\u2019s, closed the Yuga Labs \u201c101 Bored Ape Yacht Club\u201d non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed the expected settlement for the NFT lot which was estimated to be around $12-18 million. The…<\/p>\n","protected":false},"author":0,"featured_media":11981,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11980"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11980"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11981"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}