{"id":1172,"date":"2021-08-19T00:08:52","date_gmt":"2021-08-18T16:08:52","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=1172"},"modified":"2021-08-19T00:07:26","modified_gmt":"2021-08-18T16:07:26","slug":"christies-hong-kong-is-the-first-to-auction-profile-pic-nfts","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/christies-hong-kong-is-the-first-to-auction-profile-pic-nfts\/","title":{"rendered":"Christie\u2019s Hong Kong is the First to Auction Profile Pic NFTs"},"content":{"rendered":"

Made popular by celebrities like Jay-Z, profile pic non fungible tokens (PFP\u00a0NFTs<\/a>) can be used as a buyer\u2019s profile picture or avatar on social media platforms such as Twitter. Christie\u2019s will be\u00a0the first to auction PFP NFTs\u00a0in an online-only sale from September 17th to 28th.\u00a0During the sale, titled \u201cWith No Time Like Present,\u201d buyers will be able to bid on different types of PFP NFTs from multiple series such as\u00a0CryptoPunks<\/a>,\u00a0Bored Ape Yacht Club<\/a>\u00a0(BAYC), and\u00a0Meebits<\/a>.<\/p>\n

CryptoPunks are a collection of 10,000 pixelated faces including humans, zombies, apes, and aliens.\u00a0LarvaLabs, the developers of CryptoPunks, introduced Meebits as a follow up to the punks. The Meebits are also pixel-based NFTs, but they are rendered in 3D with a full body. An additional asset pack allows owners to drop their Meebits into standard animation software, which makes it possible to use them as avatars in the metaverse, a virtual shared space. Christie\u2019s will be offering a particularly rare Meebit, which depicts a skull wearing a black suit.<\/p>\n

CryptoPunks<\/a> has broken through to the mainstream art market, but Bored Apes and Meebits have had a limited following, primarily among crypto insiders. As labs and creators attempt to distinguish their digital art projects from one another, Bored Apes come with extra perks for buyers including access to a private community of active PFP NFT buyers via Discord and Telegram messaging platforms.<\/p>\n

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\"Meebits\"<\/div>\n<\/div>
Larva Labs, Meebit #6337, 2021<\/span>COURTESY CHRISTIE’S<\/cite><\/figcaption><\/figure>\n<\/div>\n

Bored Ape NFTs are unique, created through an algorithm designed by Yugo Labs, which mashes together traits and characteristics like accessories and fur color. Rare traits, such as illustrated lasers coming out of an Ape\u2019s eyes, attract particularly high prices. A party hat\u2013wearing Ape with lasers shooting out of its eyes sold for $653,344 on OpenSea just this week. Christie\u2019s will be offering an Ape with a variety of other rare traits including cheetah print skin, a black suit, and a halo.<\/p>\n

The auction house\u2019s expansion of its NFT-only sales is driven by a desire to cultivate a new generation of buyers. According to a recent press release, 73% of NFT sales registrants are new to Christie\u2019s and skew much younger than the average age of clients in other sales.<\/p>\n

Noah Davis, senior digital art specialist at Christie\u2019s, is particularly excited to see how well a Zombie Punk does at the auction. \u201cA Zombie<\/a> traded last Friday for 1500 ETH [nearly $4.7 million],\u201d Davis wrote in an email. \u201cChristie\u2019s Zombie could beat that price.\u201d<\/p>\n

Since\u00a0Apes and Meebits\u00a0NFTs are still quite new, Christie\u2019s is labelling them as \u201cestimate unknown.\u201d CryptoPunks, on the other hand, comes to the sale with a more established auction record and will have estimates available closer to the auction date.<\/p>\n

 <\/p>\n

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 <\/p>\n

Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Made popular by celebrities like Jay-Z, profile pic non fungible tokens (PFP\u00a0NFTs) can be used as a buyer\u2019s profile picture or avatar on social media platforms such as Twitter. Christie\u2019s will be\u00a0the first to auction PFP NFTs\u00a0in an online-only sale from September 17th to 28th.\u00a0During the sale, titled \u201cWith No Time Like Present,\u201d buyers will […]<\/p>\n","protected":false},"author":2,"featured_media":1173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[],"class_list":{"0":"post-1172","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news"},"yoast_head":"\nChristie\u2019s Hong Kong is the First to Auction Profile Pic NFTs - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"Made popular by celebrities like Jay-Z, profile pic non fungible tokens (PFP\u00a0NFTs) can be used as a buyer\u2019s profile picture or avatar on social media platforms such as Twitter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/christies-hong-kong-is-the-first-to-auction-profile-pic-nfts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christie\u2019s Hong Kong is the First to Auction Profile Pic NFTs - 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