Renowned auction house Sotheby's will test the endurance of Bored Ape Yacht Club nfts with a select auction on June 18, 2024.
The centerpiece of the upcoming “bidding war” is the highly coveted Bored Ape Yacht Club with a distinctive feature: solid gold leather.
This “relic of 2021,” as Sotheby's nft director describes it, has a unique story. was Pformerly 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, including two golden-furred mutant apes and an nft dog from the Bored Ape Kennel Club.
While the broader Bored Ape market has seen a price correction, nfts with rare features (such as golden skins) continue to have significant value. The last golden-furred ape 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 $6.2 million sale of “The Goose,” another nft artwork previously owned by 3AC.
Learn more: Sotheby's 'The Goose' nft fetches $6.2 million – nft Plazas
This upcoming auction builds on that success story and offers 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 financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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