The extremely successful launch of Lucréce’s open edition collection has resulted in a tremendous price increase for her remarkable “Des Monsters” collection. The release of Proceed w/Caution, the first open edition of hers, has certainly taken the space by storm. Here’s what you should know:
About Lucréce’s Proceed w/ Caution Open Edition Collection
On January 18, 2023, DesLucréce, the prominent Norwegian-born Vietnamese artist, released an open edition. The open edition titled “Proceed w/ Caution” minted for 0.06 ETH each and was considered a success from its inception. Also, 8408 items brought in 504 ETH ($818K USD) in 15 minutes. It’s worth noting that 3,084 articles were minted in just five minutes when the open edition launched.
Furthermore, the collection reached a minimum price of 0.65 ETH before reaching its current price of 0.42 ETH. In the last 7 days, the collection volume has increased by 597%, resulting in a total secondary volume of 2,554 ETH.
What effect did this have on DesMonsters?
The launch of Lucréce’s new collection has put her work in the hands of people who couldn’t afford her work. This grew her audience, which subsequently created a greater demand for her pieces. To specify, her most famous collection of hers, DesMonsters, saw a significant bottom price increase after the release of the open edition series. The 58 NFT collection has seen a 498% increase in volume and a 78% increase in its bottom price in the last 7 days. She currently has a minimum price of 28.88 ETH as of this writing. Additionally, the new open edition collection triggered a new record sale of 20.75 ETH ($34,149 USD) for the DesMonsters Collection.
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